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FDL vs MGV: Differences, Returns & Fees

FDL and MGV hold 11% of their weight in the same names, and MGV returned +21.5% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $13.5bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Value ETF.

MGV costs 0.38 points a year less; their one-year returns differ by 0.9 points.

FDL vs MGV: Differences, Returns & Fees
FDLMGV
Expense ratio0.43%0.05%
Net assets, FDL as of Oct 9, 2026 and MGV as of Sep 30, 2026$7.7bn$13.5bn
Total return, 1 year+20.6%+21.5%
What it tracksMorningstar Dividend Leaders IndexCRSP U.S. Mega Cap Value Index
Holdings in common11%
Top ten holdings, share of the fund50.4%28.5%
Below its high5.9%, high on Aug 24, 2026

Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.

+20.6%
FDL total return, 1 year
+21.5%
MGV total return, 1 year
0.43%
FDL expense ratio
0.05%
MGV expense ratio

What they hold in common

By the books each fund has filed, FDL and MGV hold 11% 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 Aug 31, 2026 and Oct 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding FDL MGV
Chevron Corporation 9.08% 1.80%
Philip Morris International Inc. 6.77% 1.35%
PepsiCo, Inc. 4.97% 0.89%
Verizon Communications Inc. 6.56% 0.87%
Pfizer Inc. 6.55% 0.75%
Bristol-Myers Squibb Company 3.06% 0.63%
Accenture plc 3.00% 0.54%
Medtronic Plc 2.33% 0.54%
Altria Group, Inc. 4.95% 0.53%
Blackstone Inc. 2.18% 0.49%
The Southern Company 2.30% 0.46%
U.S. Bancorp 1.96% 0.44%
Only in FDL
ONEOK, Inc. 1.70%
Dominion Energy, Inc. 1.41%
Target Corporation 1.32%
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%
Only in MGV
Micron Technology Inc 4.99%
JPMorgan Chase & Co 4.41%
Berkshire Hathaway Inc 3.29%
ExxonMobil Holdings Corp 3.08%
Johnson & Johnson 2.96%
Walmart Inc 2.12%
AbbVie Inc 2.09%
Costco Wholesale Corp 1.93%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
MGV
Vanguard Morningstar Mega Cap Value ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Vanguard
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +21.5%
Expense ratio 0.43% 0.05%
Already in the S&P 500 93.3% 97.7%
Holdings 100 123
Net assets, FDL as of Oct 9, 2026 and MGV as of Sep 30, 2026 $7.7bn $13.5bn

FDL and MGV 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 MGV

MGV tracks an index. Over the year to Oct 9, 2026 it returned +21.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 28.5%.

Questions people ask

Which returned more over the last year, FDL or MGV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and MGV +21.5%.
Which is cheaper, FDL or MGV?
MGV is cheaper, by 0.38 percentage points a year. That is about $38 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and MGV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 98% of MGV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs HDVFDL vs SCHVFDL vs PVALFDL vs FDVVFTCS vs MGVJAVA vs MGVMGV vs SPYDMGV vs SPLV
FDL on its own →MGV 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 ↗MGV filings on SEC EDGAR ↗MGV prospectus with the expense ratio (SEC) ↗Vanguard page for MGV ↗

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 MGV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-mgv

Open data

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