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FDL vs IWX: Differences, Returns & Fees

FDL and IWX hold 9% of their weight in the same names, and IWX returned +28.9% over the year. Net assets on Oct 9, 2026: $7.7bn for First Trust Morningstar ETF and $3.3bn for iShares Russell Top 200 Value ETF.

IWX costs 0.23 points a year less; their one-year returns differ by 8.3 points; FDL is 2.3 times larger.

FDL vs IWX: Differences, Returns & Fees
FDLIWX
Expense ratio0.43%0.20%
Net assets$7.7bn$3.3bn
Total return, 1 year+20.6%+28.9%
What it tracksMorningstar Dividend Leaders IndexRussell Top 200 Value Index
Holdings in common9%
Top ten holdings, share of the fund50.4%41.1%
Below its high5.9%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+20.6%
FDL total return, 1 year
+28.9%
IWX total return, 1 year
0.43%
FDL expense ratio
0.20%
IWX expense ratio

What they hold in common

By the books each fund has filed, FDL and IWX hold 9% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

9% in common

Positions both hold, largest shared weight first
Holding FDL IWX
Chevron Corporation 9.08% 1.45%
Philip Morris International Inc. 6.77% 1.16%
Verizon Communications Inc. 6.56% 0.64%
Pfizer Inc. 6.55% 0.59%
PepsiCo, Inc. 4.97% 0.56%
Accenture plc 3.00% 0.47%
Bristol-Myers Squibb Company 3.06% 0.45%
Altria Group, Inc. 4.95% 0.44%
Medtronic Plc 2.33% 0.42%
The Southern Company 2.30% 0.37%
Duke Energy Corporation 2.20% 0.34%
U.S. Bancorp 1.96% 0.33%
Only in FDL
ONEOK, Inc. 1.70%
Kinder Morgan, Inc. 1.63%
Prudential Financial, Inc. 1.20%
Exelon Corporation 1.11%
Kimberly-Clark Corporation 1.06%
Public Service Enterprise Group Incorporated 0.88%
Consolidated Edison, Inc. 0.87%
Paychex, Inc. 0.87%
Only in IWX
AMAZON.COM INC 8.62%
APPLE 8.24%
MICROSOFT 7.34%
BERKSHIRE HATHAWAY INC CLASS B 3.55%
JPMORGAN CHASE & CO 3.29%
EXXONMOBIL HOLDINGS CORP 2.57%
JOHNSON & JOHNSON 2.33%
INTEL CORPORATION 1.77%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
IWX
iShares Russell Top 200 Value ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust iShares
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +28.9%
Expense ratio 0.43% 0.20%
Already in the S&P 500 93.3% 99.7%
Holdings 100 153
Net assets $7.7bn $3.3bn

FDL and IWX on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FDL

FDL tracks an index. Over the year to Oct 9, 2026 it returned +20.6% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.4%. It sat 5.9% below its high of Aug 24, 2026 on Oct 9, 2026.

About IWX

IWX tracks an index. Over the year to Oct 9, 2026 it returned +28.9% with distributions reinvested. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 153 positions, with the top ten at 41.1%.

Questions people ask

Which returned more over the last year, FDL or IWX?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and IWX +28.9%.
Which is cheaper, FDL or IWX?
IWX is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and IWX overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 100% of IWX by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs NULVFDL vs PWVFDL vs FNDBFDL vs OAKMFTCS vs IWXIWX vs JAVAIWX vs SPYDIWX vs SPLV
FDL on its own →IWX on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FDL filings on SEC EDGAR ↗FDL prospectus with the expense ratio (SEC) ↗First Trust page for FDL ↗IWX filings on SEC EDGAR ↗IWX prospectus with the expense ratio (SEC) ↗iShares page for IWX ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 IWX, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-iwx

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.