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FDL vs SCHV: Differences, Returns & Fees

FDL and SCHV hold 11% 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 $15.5bn on May 31, 2026 for Schwab U.S. Large-Cap Value ETF.

SCHV costs 0.39 points a year less; their one-year returns differ by 1.2 points.

FDL vs SCHV: Differences, Returns & Fees
FDLSCHV
Expense ratio0.43%0.04%
Net assets, FDL as of Oct 9, 2026 and SCHV as of May 31, 2026$7.7bn$15.5bn
Total return, 1 year+20.6%+19.4%
What it tracksMorningstar Dividend Leaders IndexDow Jones U.S. Large-Cap Value Total Stock Market Index
Holdings in common11%
Top ten holdings, share of the fund50.4%20.3%
Below its high5.9%, high on Aug 24, 20263.6%, high on Aug 14, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.

+20.6%
FDL total return, 1 year
+19.4%
SCHV total return, 1 year
0.43%
FDL expense ratio
0.04%
SCHV expense ratio

What they hold in common

By the books each fund has filed, FDL and SCHV hold 11% 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 May 31, 2026 and Oct 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding FDL SCHV
Chevron Corporation 9.08% 1.11%
Philip Morris International Inc. 6.77% 0.90%
Verizon Communications Inc. 6.56% 0.65%
PepsiCo, Inc. 4.97% 0.64%
Pfizer Inc. 6.55% 0.48%
Altria Group, Inc. 4.95% 0.38%
Bristol-Myers Squibb Company 3.06% 0.38%
Accenture plc 3.00% 0.37%
The Southern Company 2.30% 0.33%
Duke Energy Corporation 2.20% 0.31%
Medtronic Plc 2.33% 0.31%
Comcast Corporation (Class A) 2.45% 0.29%
Only in FDL
ONEOK, Inc. 1.70%
OneMain Holdings, Inc. 0.28%
Columbia Banking System, Inc. 0.25%
UGI Corporation 0.21%
Antero Midstream Corp. 0.18%
Chord Energy Corporation 0.18%
Lincoln National Corporation 0.18%
Portland General Electric Company 0.16%
Only in SCHV
Micron Technology Inc 3.54%
Berkshire Hathaway Inc 2.82%
JPMorgan Chase & Co 2.62%
Exxon Mobil Corp 1.97%
Johnson & Johnson 1.76%
Intel Corp 1.75%
Walmart Inc 1.65%
Cisco Systems Inc 1.54%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
SCHV
Schwab U.S. Large-Cap Value ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Schwab
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +19.4%
Expense ratio 0.43% 0.04%
Already in the S&P 500 93.3% 92.3%
Holdings 100 555
Net assets, FDL as of Oct 9, 2026 and SCHV as of May 31, 2026 $7.7bn $15.5bn

FDL and SCHV 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 SCHV

SCHV tracks an index. Over the year to Oct 9, 2026 it returned +19.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings filed for May 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 555 positions, with the top ten at 20.3%. It sat 3.6% below its high of Aug 14, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDL or SCHV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and SCHV +19.4%.
Which is cheaper, FDL or SCHV?
SCHV is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and SCHV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 92% of SCHV by weight is stocks the S&P 500 already holds.
Other comparisons
DFUV vs FDLFDL vs HDVFDL vs MGVFDL vs VONVFTCS vs SCHVJAVA vs SCHVSCHV vs SPYDSCHV vs SPLV
FDL on its own →SCHV 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 ↗SCHV filings on SEC EDGAR ↗SCHV prospectus with the expense ratio (SEC) ↗Schwab website ↗

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

Open data

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