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FDL vs PRF: Differences, Returns & Fees

FDL and PRF hold 12% of their weight in the same names, and PRF returned +24.8% over the year. Net assets on Oct 9, 2026: $7.7bn for First Trust Morningstar ETF and $10.0bn for Invesco RAFI US 1000 ETF.

PRF costs 0.09 points a year less; their one-year returns differ by 4.2 points; PRF is 1.3 times larger.

FDL vs PRF: Differences, Returns & Fees
FDLPRF
Expense ratio0.43%0.34%
Net assets$7.7bn$10.0bn
Total return, 1 year+20.6%+24.8%
What it tracksMorningstar Dividend Leaders IndexRAFI Fundamental Select US 1000 Index
Holdings in common12%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund50.4%23.7%
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
+24.8%
PRF total return, 1 year
0.43%
FDL expense ratio
0.34%
PRF expense ratio

What they hold in common

By the books each fund has filed, FDL and PRF hold 12% 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

12% in common

Positions both hold, largest shared weight first
Holding FDL PRF
Chevron Corporation 9.08% 1.36%
Pfizer Inc. 6.55% 0.81%
Verizon Communications Inc. 6.56% 0.72%
Bristol-Myers Squibb Company 3.06% 0.50%
Comcast Corporation (Class A) 2.45% 0.42%
Target Corporation 1.32% 0.38%
Accenture plc 3.00% 0.36%
Philip Morris International Inc. 6.77% 0.35%
PepsiCo, Inc. 4.97% 0.32%
Medtronic Plc 2.33% 0.29%
Altria Group, Inc. 4.95% 0.26%
Duke Energy Corporation 2.20% 0.25%
Only in FDL
H&R Block, Inc. 0.13%
Atlantic Union Bankshares Corporation 0.12%
Lazard, Inc. (Class A) 0.11%
Brown-Forman Corporation (Class A) 0.03%
Reynolds Consumer Products Inc. 0.03%
Installed Building Products, Inc. 0.02%
Only in PRF
Apple Inc 4.66%
Alphabet Inc 3.41%
Microsoft Corp 3.25%
Amazon.com Inc 2.39%
Meta Platforms Inc 2.05%
ExxonMobil Holdings Corp 1.94%
Berkshire Hathaway Inc 1.81%
JPMorgan Chase & Co 1.62%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
PRF
Invesco RAFI US 1000 ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Invesco
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +24.8%
Expense ratio 0.43% 0.34%
Already in the S&P 500 93.3% 86.6%
Holdings 100 1000
Net assets $7.7bn $10.0bn

FDL and PRF 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 PRF

PRF tracks an index. Over the year to Oct 9, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 10, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 1,000 positions, with the top ten at 23.7%.

Questions people ask

Which returned more over the last year, FDL or PRF?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and PRF +24.8%.
Which is cheaper, FDL or PRF?
PRF is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and PRF overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 87% of PRF by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs RWLFDL vs MGVFDL vs VONVFDL vs FNDXPRF vs VLUEPRF vs RWLPRF vs SCHDPRF vs VTV
FDL on its own →PRF 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 ↗PRF filings on SEC EDGAR ↗PRF prospectus with the expense ratio (SEC) ↗Invesco page for PRF ↗

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

Open data

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