A
vs
B
Share
Compare their flowsAsk IQ about these two funds

FDL vs SPHD: Differences, Returns & Fees

FDL and SPHD hold 42% 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 $3.2bn for Invesco S&P 500 High Dividend Low Volatility ETF.

SPHD costs 0.13 points a year less; their one-year returns differ by 15.0 points; FDL is 2.4 times larger.

FDL vs SPHD: Differences, Returns & Fees
FDLSPHD
Expense ratio0.43%0.30%
Net assets$7.7bn$3.2bn
Total return, 1 year+20.6%+5.6%
What it tracksMorningstar Dividend Leaders IndexS&P 500 Low Volatility High Dividend Index
Holdings in common42%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund50.4%28.2%
Below its high5.9%, high on Aug 24, 20268.4%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+20.6%
FDL total return, 1 year
+5.6%
SPHD total return, 1 year
0.43%
FDL expense ratio
0.30%
SPHD expense ratio

What they hold in common

By the books each fund has filed, FDL and SPHD hold 42% 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

42% in common

Positions both hold, largest shared weight first
Holding FDL SPHD
Pfizer Inc. 6.55% 3.72%
Verizon Communications Inc. 6.56% 3.08%
Altria Group, Inc. 4.95% 2.86%
Comcast Corporation (Class A) 2.45% 2.35%
Chevron Corporation 9.08% 2.26%
Bristol-Myers Squibb Company 3.06% 2.09%
Medtronic Plc 2.33% 1.94%
PepsiCo, Inc. 4.97% 1.93%
ONEOK, Inc. 1.70% 2.31%
Kinder Morgan, Inc. 1.63% 1.80%
Truist Financial Corporation 1.52% 1.82%
Duke Energy Corporation 2.20% 1.50%
Only in FDL
Philip Morris International Inc. 6.77%
United Parcel Service, Inc. (Class B) 3.04%
Accenture plc 3.00%
The Southern Company 2.30%
Blackstone Inc. 2.18%
U.S. Bancorp 1.96%
Mondelez International, Inc. 1.69%
Target Corporation 1.32%
Only in SPHD
Crown Castle Inc 2.82%
VICI Properties Inc 2.81%
AT&T Inc 2.55%
Healthpeak Properties Inc 2.36%
American Tower Corp 2.31%
Realty Income Corp 2.14%
Extra Space Storage Inc 2.02%
Mid-America Apartment Communities Inc 1.91%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Invesco
What it is Tracks an index Tracks the S&P 500 High Dividend Low Volatility
Total return, 1 year +20.6% +5.6%
Expense ratio 0.43% 0.30%
Already in the S&P 500 93.3% 95.2%
Holdings 100 59
Net assets $7.7bn $3.2bn

FDL and SPHD 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 SPHD

SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 9, 2026 it returned +5.6% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 8.4% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDL or SPHD?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and SPHD +5.6%.
Which is cheaper, FDL or SPHD?
SPHD is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and SPHD overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 95% of SPHD by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs IWXFDL vs FELVFDL vs NULVBGIG vs FDLFTCS vs SPHDJAVA vs SPHDSPHD vs SPYDSPHD vs SPLV
FDL on its own →SPHD 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 ↗SPHD filings on SEC EDGAR ↗SPHD prospectus with the expense ratio (SEC) ↗Invesco page for SPHD ↗

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

Open data

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