Data as of Oct 28, 2026.
FDL vs REGL: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDL returned +26.0% to REGL's +11.0%; 2% of their weight is in the same names.
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Net assets: $8.2bn on Oct 27, 2026 for First Trust Morningstar ETF, and $1.7bn on Oct 28, 2026 for ProShares S&P MidCap 400 Dividend Aristocrats ETF.
Pair scorecard
REGL costs 0.03 points a year less; their one-year returns differ by 15.0 points; FDL is 4.8 times larger.
| Measure | FDL | REGL |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.0% | +11.0% |
| Drawdown | ||
| Below its high | 5.4%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar Dividend Leaders Index | S&P MidCap 400 Dividend Aristocrats Index |
| Cost and size | ||
| Expense ratio | 0.43% | 0.40% |
| Net assets, as of Oct 27, 2026 | $8.2bn | $1.7bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 50.6% | 17.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 13, 2015 to Oct 23, 2026 · 610 weekly returnsFDL returned more: +250.6% to +189.3%. FDL swung slightly less: 16.4% to 17.0%. REGL fell less at its worst: −32.8% to −38.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDL | REGL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +250.6% | +189.3% | FDL | Price change plus distributions, reinvested. |
| Annualized | +11.3% | +9.5% | FDL | Total return as a yearly rate. |
| Price return | +116.9% | +124.5% | REGL (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.4% | 17.0% | FDL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.7% | 11.7% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.0% | −32.8% | REGL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.60 | 0.49 | FDL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 0.71 | FDL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.29 | FDL (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 610 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDL and REGL hold 2% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
2% in common
Only in one fund ↓
Side by side
FDL and REGL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDL and REGL 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 REGL follows S&P MidCap 400 Dividend Aristocrats Index.
- Holdings in common. 2% 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 REGL +11.0% with distributions reinvested, a gap of 15.0 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%.
REGL
REGL tracks an index. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.40% 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 65 positions, with the top ten at 17.8%. It sat 5.4% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDL or REGL?
- In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and REGL +11.0%.
- Which is cheaper, FDL or REGL?
- REGL is cheaper, by 0.03 percentage points a year. That is about $3 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.
Cite this pageCitation, APA and Markdown
ETFIQ, FDL against REGL, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdl-vs-regl
ETFIQ. (Oct 28, 2026). FDL against REGL. Retrieved from https://etfiq.com/compare/any/fdl-vs-regl
[FDL against REGL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdl-vs-regl)
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