FDL vs OAKM: Differences, Returns & Fees
FDL and OAKM hold 3% of their weight in the same names, and FDL returned +20.6% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $1.0bn on Jun 30, 2026 for Oakmark U.S. Large Cap ETF.
FDL costs 0.16 points a year less; their one-year returns differ by 5.8 points; FDL is 7.0 times larger.
| FDL | OAKM | |
|---|---|---|
| Expense ratio | 0.43% | 0.59% |
| Net assets, as of Jun 30, 2026 | $7.3bn | $1.0bn |
| Total return, 1 year | +20.6% | +14.8% |
| What it tracks | not read by ETFIQ | No index, actively managed |
| Holdings in common | 3% | |
| Top ten holdings, share of the fund | 50.4% | 37.0% |
| Below its high | 5.9%, high on Aug 24, 2026 | 6.4%, high on Sep 3, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, FDL and OAKM hold 3% 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 Jun 30, 2026 and Oct 9, 2026.
half
3% in common
On the same fields
FDL and OAKM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
FDL in plain words
FDL tracks an index. Over the year to Oct 9, 2026 it returned +20.6% with distributions reinvested, against +17.3% for the S&P 500. 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.
OAKM in plain words
OAKM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +14.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.59% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 39 positions, with the top ten at 37.0%. It sat 6.4% below its high of Sep 3, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, FDL or OAKM?
- In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and OAKM +14.8%.
- Which is cheaper, FDL or OAKM?
- FDL is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FDL against OAKM, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-oakm
ETFIQ. (Oct 9, 2026). FDL against OAKM. Retrieved from https://etfiq.com/compare/any/fdl-vs-oakm
[FDL against OAKM (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/fdl-vs-oakm)
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