Which returned more over the last year, FDL or RSPA?

In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and RSPA +13.6%.

Which is cheaper, FDL or RSPA?

RSPA is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FDL and RSPA overlap with the S&P 500?

By their latest filed holdings, 93% of FDL and 73% of RSPA by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FDL vs RSPA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FDL returned +26.0% to RSPA's +13.6%; 9% of their weight is in the same names.

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Net assets on Oct 27, 2026: $8.2bn for First Trust Morningstar ETF and $1.2bn for Invesco S&P 500 Equal Weight Income Advantage ETF.

FDL on its own →RSPA on its own →

At a glance

+26.0%

FDL total return, 1 year

+13.6%

RSPA total return, 1 year

0.43%

FDL expense ratio

0.29%

RSPA expense ratio

Pair scorecard

RSPA costs 0.14 points a year less; their one-year returns differ by 12.4 points; FDL is 6.8 times larger.

FDL vs RSPA: Differences, Returns & Fees
Measure	FDL	RSPA
Return
Measure	FDL	RSPA
Total return, 1 year	+26.0%	+13.6%
Benchmark
Measure	FDL	RSPA
What it tracks	Morningstar Dividend Leaders Index	No index, actively managed
Cost and size
Measure	FDL	RSPA
Expense ratio	0.43%	0.29%
Net assets, as of Oct 27, 2026	$8.2bn	$1.2bn
Holdings
Measure	FDL	RSPA
Holdings in common	9%
Top ten holdings, share of the fund	50.6%	3.0%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jul 26, 2024 to Oct 23, 2026 · 117 weekly returns

FDL RSPA

Return

Total return edge FDL +44.2% +30.0%

Annualized edge FDL +17.7% +12.4%

Price return edge FDL +30.8% +5.3%

Risk

Volatility edge RSPA 13.1% 10.7%

Max drawdown edge FDL −9.4% −13.3%

Risk-adjusted

Sharpe edge FDL 0.99 0.76

Sortino edge FDL 1.42 1.03

Calmar edge FDL 1.88 0.93

Reading

FDL returned more: +44.2% to +30.0%. RSPA swung less: 10.7% to 13.1%. FDL fell less at its worst: −9.4% to −13.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FDL vs RSPA: Differences, Returns & Fees
Measure	FDL	RSPA	Edge	How it is measured
Return
Total return	+44.2%	+30.0%	FDL	Price change plus distributions, reinvested.
Annualized	+17.7%	+12.4%	FDL	Total return as a yearly rate.
Price return	+30.8%	+5.3%	FDL	Price change alone, distributions left out.
Risk
Volatility	13.1%	10.7%	RSPA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.2%	7.9%	RSPA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−9.4%	−13.3%	FDL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.99	0.76	FDL	Return above Treasury bills per unit of volatility.
Sortino	1.42	1.03	FDL	Return above Treasury bills per unit of downside deviation.
Calmar	1.88	0.93	FDL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 117 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FDL and RSPA hold 9% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first FDL RSPA

Accenture plc 3.20% 0.20%

Best Buy Co., Inc. 0.52% 0.17%

Skyworks Solutions, Inc. 0.31% 0.17%

Kimberly-Clark Corporation 1.13% 0.17%

Pinnacle West Capital Corporation 0.31% 0.16%

Brown-Forman Corporation 0.18% 0.16%

Philip Morris International Inc. 6.48% 0.16%

Altria Group, Inc. 4.82% 0.16%

Stanley Black & Decker, Inc. 0.32% 0.16%

Kinder Morgan, Inc. 1.61% 0.16%

Pfizer Inc. 6.55% 0.16%

Tyson Foods, Inc. (Class A) 0.39% 0.16%

Only in one fund ↓

Only in FDL

Fidelity National Financial, Inc. 0.29%

Essential Utilities, Inc. 0.27%

OneMain Holdings, Inc. 0.27%

Columbia Banking System, Inc. 0.26%

OGE Energy Corp. 0.23%

Eastman Chemical Company 0.22%

UGI Corporation 0.21%

Chord Energy Corporation 0.19%

Only in RSPA

Royal Bank of Canada 0.35%

JPMorgan Chase & Co 0.33%

JPMorgan Chase & Co 0.32%

Bank of Montreal 0.32%

Citigroup Inc 0.31%

JPMorgan Chase & Co 0.30%

Citigroup Inc 0.28%

Goldman Sachs Group Inc 0.26%

Check overlap with more funds →

Side by side

FDL First Trust Morningstar ETF RSPA Invesco S&P 500 Equal Weight Income Advantage ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust Invesco

What it is Tracks an index Actively managed

Total return, 1 year +26.0% +13.6%

Its benchmark over the same days not measured +16.0% (RSP)

Gap to its benchmark not measured −2.4 pts vs RSP

Expense ratio 0.43% 0.29%

Already in the S&P 500 93.3% 73.3%

Holdings 100 524

Net assets, as of Oct 27, 2026 $8.2bn $1.2bn

FDL and RSPA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-AD7836F430

FDL and RSPA 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 RSPA follows No index, actively managed.
Holdings in common. 9% 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 RSPA +13.6% with distributions reinvested, a gap of 12.4 points.

Data as of Oct 28, 2026.

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About each fund

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%.

RSPA

RSPA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +16.0% for its benchmark, the S&P 500 Equal Weight Index. The prospectus expense ratio is 0.29% a year. By its holdings published by its issuer for Oct 27, 2026, 73% of the fund by weight is stocks the S&P 500 also holds, across 524 positions, with the top ten at 3.0%.

Questions people ask

Which returned more over the last year, FDL or RSPA?: In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and RSPA +13.6%.
Which is cheaper, FDL or RSPA?: RSPA is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and RSPA overlap with the S&P 500?: By their latest filed holdings, 93% of FDL and 73% of RSPA by weight is stocks the S&P 500 already holds.

Other comparisons

FDL vs IMCV FDL vs IVOV FDL vs RWK FDL vs PEY RSPA vs RWK PEY vs RSPA RSPA vs VFMF FXO vs RSPA

Where to next

FDL on its own →RSPA on its own →Hold both: look the portfolio through →Rankings →FDL dividend history →FDL holdings →RSPA dividend history →RSPA holdings →Standards and sources →

Sources and dates

FDL filings on SEC EDGAR ↗

FDL prospectus with the expense ratio (SEC) ↗

First Trust page for FDL ↗

RSPA filings on SEC EDGAR ↗

RSPA prospectus with the expense ratio (SEC) ↗

Invesco page for RSPA ↗

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 RSPA, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdl-vs-rspa

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