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FDL vs SEIV: Differences, Returns & Fees

FDL and SEIV hold 12% of their weight in the same names, and SEIV returned +30.9% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $1.5bn on Jun 30, 2026 for SEI Enhanced U.S. Large Cap Value Factor ETF.

SEIV costs 0.28 points a year less; their one-year returns differ by 10.3 points; FDL is 5.0 times larger.

FDL vs SEIV: Differences, Returns & Fees
FDLSEIV
Expense ratio0.43%0.15%
Net assets, as of Jun 30, 2026$7.3bn$1.5bn
Total return, 1 year+20.6%+30.9%
What it tracksMorningstar Dividend Leaders IndexNo index, actively managed
Holdings in common12%
Top ten holdings, share of the fund50.4%25.7%
Below its high5.9%, high on Aug 24, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+20.6%
FDL total return, 1 year
+30.9%
SEIV total return, 1 year
0.43%
FDL expense ratio
0.15%
SEIV expense ratio

What they hold in common

By the books each fund has filed, FDL and SEIV 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 Jun 30, 2026 and Oct 9, 2026.

half

12% in common

Positions both hold, largest shared weight first
Holding FDL SEIV
Verizon Communications Inc. 6.56% 2.06%
Prudential Financial, Inc. 1.20% 2.00%
Exelon Corporation 1.11% 1.74%
Edison International 0.85% 2.07%
Bristol-Myers Squibb Company 3.06% 0.77%
HP Inc. 0.68% 0.72%
Pfizer Inc. 6.55% 0.66%
Consolidated Edison, Inc. 0.87% 0.64%
Regions Financial Corporation 0.52% 1.43%
Target Corporation 1.32% 0.33%
Comcast Corporation (Class A) 2.45% 0.32%
Omnicom Group Inc. 0.55% 0.29%
Only in FDL
Chevron Corporation 9.08%
Philip Morris International Inc. 6.77%
PepsiCo, Inc. 4.97%
Altria Group, Inc. 4.95%
United Parcel Service, Inc. (Class B) 3.04%
Accenture plc 3.00%
The Southern Company 2.30%
Duke Energy Corporation 2.20%
Only in SEIV
NVIDIA CORPORATION 3.57%
MICRON TECHNOLOGY, INC. 3.14%
APPLE INC. 2.85%
ALPHABET INC. 2.72%
FLEX LTD. 2.50%
CARDINAL HEALTH, INC. 2.48%
GENERAL MOTORS COMPANY 2.26%
CITIGROUP INC. 2.01%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
SEIV
SEI Enhanced U.S. Large Cap Value Factor ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust SEI
What it is Tracks an index Actively managed
Total return, 1 year +20.6% +30.9%
Expense ratio 0.43% 0.15%
Already in the S&P 500 93.3% 72.7%
Holdings 100 127
Net assets, FDL as of Oct 9, 2026 and SEIV as of Jun 30, 2026 $7.7bn $1.5bn

FDL and SEIV 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 SEIV

SEIV is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +30.9% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 73% of the fund by weight is stocks the S&P 500 also holds, across 127 positions, with the top ten at 25.7%.

Questions people ask

Which returned more over the last year, FDL or SEIV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and SEIV +30.9%.
Which is cheaper, FDL or SEIV?
SEIV is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and SEIV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 73% of SEIV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs RDIVFDL vs PWVBKDV vs FDLFDL vs OAKMFTCS vs SEIVJAVA vs SEIVSEIV vs SPYDSEIV vs SPLV
FDL on its own →SEIV 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 ↗SEIV filings on SEC EDGAR ↗SEIV prospectus with the expense ratio (SEC) ↗SEI 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 SEIV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-seiv

Open data

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