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FDL vs RDIV: Differences, Returns & Fees

FDL and RDIV hold 29% of their weight in the same names, and FDL returned +20.6% over the year. Net assets on Oct 9, 2026: $7.7bn for First Trust Morningstar ETF and $1.4bn for Invesco S&P Ultra Dividend Revenue ETF.

RDIV costs 0.04 points a year less; their one-year returns differ by 4.9 points; FDL is 5.5 times larger.

FDL vs RDIV: Differences, Returns & Fees
FDLRDIV
Expense ratio0.43%0.39%
Net assets$7.7bn$1.4bn
Total return, 1 year+20.6%+15.7%
What it tracksMorningstar Dividend Leaders IndexS&P 900 Dividend Revenue-Weighted Index
Holdings in common29%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund50.4%51.1%
Below its high5.9%, high on Aug 24, 202610.0%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+20.6%
FDL total return, 1 year
+15.7%
RDIV total return, 1 year
0.43%
FDL expense ratio
0.39%
RDIV expense ratio

What they hold in common

By the books each fund has filed, FDL and RDIV hold 29% 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

29% in common

Positions both hold, largest shared weight first
Holding FDL RDIV
Chevron Corporation 9.08% 5.92%
PepsiCo, Inc. 4.97% 5.00%
Bristol-Myers Squibb Company 3.06% 5.30%
Comcast Corporation (Class A) 2.45% 4.81%
Kinder Morgan, Inc. 1.63% 3.56%
Truist Financial Corporation 1.52% 4.80%
Dominion Energy, Inc. 1.41% 3.15%
Target Corporation 1.32% 6.00%
Prudential Financial, Inc. 1.20% 5.13%
Kimberly-Clark Corporation 1.06% 3.04%
Eversource Energy 0.73% 2.52%
T. Rowe Price Group, Inc. 0.71% 1.37%
Only in FDL
Philip Morris International Inc. 6.77%
Verizon Communications Inc. 6.56%
Pfizer Inc. 6.55%
Altria Group, Inc. 4.95%
United Parcel Service, Inc. (Class B) 3.04%
Accenture plc 3.00%
Medtronic Plc 2.33%
The Southern Company 2.30%
Only in RDIV
AT&T Inc 5.25%
Ford Motor Co 4.55%
International Paper Co 4.31%
American Tower Corp 2.45%
Molson Coors Beverage Co 2.07%
Simon Property Group Inc 1.20%
Host Hotels & Resorts Inc 1.18%
Polaris Inc 1.03%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
RDIV
Invesco S&P Ultra Dividend Revenue 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% +15.7%
Expense ratio 0.43% 0.39%
Already in the S&P 500 93.3% 85.9%
Holdings 100 62
Net assets $7.7bn $1.4bn

FDL and RDIV 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 RDIV

RDIV tracks an index. Over the year to Oct 9, 2026 it returned +15.7% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 10, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 62 positions, with the top ten at 51.1%. It sat 10.0% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDL or RDIV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and RDIV +15.7%.
Which is cheaper, FDL or RDIV?
RDIV is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and RDIV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 86% of RDIV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs SEIVFDL vs FNDBFDL vs LGLVFDL vs TVALFTCS vs RDIVJAVA vs RDIVRDIV vs SPYDRDIV vs SPLV
FDL on its own →RDIV 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 ↗RDIV filings on SEC EDGAR ↗RDIV prospectus with the expense ratio (SEC) ↗Invesco page for RDIV ↗

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

Open data

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