Data as of Oct 28, 2026.
FDL vs IMCV: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDL returned +26.0% to IMCV's +24.6%; 17% of their weight is in the same names.
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Net assets on Oct 27, 2026: $8.2bn for First Trust Morningstar ETF and $1.3bn for iShares Morningstar Mid-Cap Value ETF.
Pair scorecard
IMCV costs 0.37 points a year less; their one-year returns differ by 1.4 points; FDL is 6.3 times larger.
| Measure | FDL | IMCV |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.0% | +24.6% |
| Benchmark | ||
| What it tracks | Morningstar Dividend Leaders Index | Morningstar US Mid Cap Broad Value Index |
| Cost and size | ||
| Expense ratio | 0.43% | 0.06% |
| Net assets, as of Oct 27, 2026 | $8.2bn | $1.3bn |
| Holdings | ||
| Holdings in common | 17% | |
| Top ten holdings, share of the fund | 50.6% | 13.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 24, 2006 to Oct 23, 2026 · 1,074 weekly returnsIMCV returned slightly more: +514.0% to +488.5%. FDL swung less: 18.5% to 21.0%. IMCV fell slightly less at its worst: −64.3% to −65.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDL | IMCV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +488.5% | +514.0% | IMCV (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +9.2% | IMCV (slight) | Total return as a yearly rate. |
| Price return | +157.9% | +275.5% | IMCV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.5% | 21.0% | FDL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.0% | 14.9% | FDL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −65.7% | −64.3% | IMCV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.44 | FDL (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.66 | 0.62 | FDL (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.14 | IMCV (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,074 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDL and IMCV hold 17% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
17% in common
Only in one fund ↓
Side by side
FDL and IMCV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDL and IMCV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FDL follows Morningstar Dividend Leaders Index and IMCV follows Morningstar US Mid Cap Broad Value Index.
- Holdings in common. 17% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. FDL charges 0.43% of assets a year and IMCV 0.06%, a gap of 0.37 points.
Data as of Oct 28, 2026.
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FDL
FDL tracks an index. Over the year to Oct 28, 2026 it returned +26.0% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.6%.
IMCV
IMCV tracks an index. Over the year to Oct 28, 2026 it returned +24.6% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 269 positions, with the top ten at 13.1%.
Questions people ask
- Which returned more over the last year, FDL or IMCV?
- In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and IMCV +24.6%.
- Which is cheaper, FDL or IMCV?
- IMCV is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FDL against IMCV, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdl-vs-imcv
ETFIQ. (Oct 28, 2026). FDL against IMCV. Retrieved from https://etfiq.com/compare/any/fdl-vs-imcv
[FDL against IMCV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdl-vs-imcv)
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