Data as of Oct 28, 2026.
FDL vs MDYV: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDL returned +26.0% to MDYV's +12.9%; 4% 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 $2.8bn for State Street SPDR S & P 400 Mid Cap Value ETF.
Pair scorecard
MDYV costs 0.28 points a year less; their one-year returns differ by 13.1 points; FDL is 2.9 times larger.
| Measure | FDL | MDYV |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.0% | +12.9% |
| Drawdown | ||
| Below its high | 4.6%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar Dividend Leaders Index | S&P MidCap 400 Value Index |
| Cost and size | ||
| Expense ratio | 0.43% | 0.15% |
| Net assets, as of Oct 27, 2026 | $8.2bn | $2.8bn |
| Holdings | ||
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 50.6% | 11.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 24, 2006 to Oct 23, 2026 · 1,074 weekly returnsFDL returned more: +488.5% to +437.0%. FDL swung less: 18.5% to 22.0%. MDYV fell slightly less at its worst: −60.6% to −65.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDL | MDYV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +488.5% | +437.0% | FDL | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +8.5% | FDL (slight) | Total return as a yearly rate. |
| Price return | +157.9% | +229.0% | MDYV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.5% | 22.0% | FDL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.0% | 15.7% | FDL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −65.7% | −60.6% | MDYV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.40 | FDL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.66 | 0.56 | FDL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.14 | MDYV (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 MDYV hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
4% in common
Only in one fund ↓
Side by side
FDL and MDYV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDL and MDYV 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 MDYV follows S&P MidCap 400 Value Index.
- Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FDL returned +26.0% and MDYV +12.9% with distributions reinvested, a gap of 13.1 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%.
MDYV
MDYV tracks an index. Over the year to Oct 28, 2026 it returned +12.9% with distributions reinvested, against +12.9% for its benchmark, the S&P MidCap 400 Value Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 296 positions, with the top ten at 11.1%. It sat 4.6% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDL or MDYV?
- In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and MDYV +12.9%.
- Which is cheaper, FDL or MDYV?
- MDYV is cheaper, by 0.28 percentage points a year. That is about $28 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.
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ETFIQ, FDL against MDYV, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdl-vs-mdyv
ETFIQ. (Oct 28, 2026). FDL against MDYV. Retrieved from https://etfiq.com/compare/any/fdl-vs-mdyv
[FDL against MDYV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdl-vs-mdyv)
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