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FDL vs SPLV: Differences, Returns & Fees

FDL and SPLV hold 17% 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 $7.0bn for Invesco S&P 500 Low Volatility ETF.

SPLV costs 0.18 points a year less; their one-year returns differ by 18.6 points.

FDL vs SPLV: Differences, Returns & Fees
FDLSPLV
Expense ratio0.43%0.25%
Net assets$7.7bn$7.0bn
Total return, 1 year+20.6%+2.0%
What it tracksMorningstar Dividend Leaders IndexS&P 500 Low Volatility Index
Holdings in common17%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund50.4%12.7%
Below its high5.9%, high on Aug 24, 20267.1%, high on Jul 28, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+20.6%
FDL total return, 1 year
+2.0%
SPLV total return, 1 year
0.43%
FDL expense ratio
0.25%
SPLV expense ratio

What they hold in common

By the books each fund has filed, FDL and SPLV hold 17% 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

17% in common

Positions both hold, largest shared weight first
Holding FDL SPLV
Duke Energy Corporation 2.20% 1.27%
The Southern Company 2.30% 1.15%
Kinder Morgan, Inc. 1.63% 1.07%
Exelon Corporation 1.11% 1.01%
Chevron Corporation 9.08% 0.99%
Dominion Energy, Inc. 1.41% 0.92%
Mondelez International, Inc. 1.69% 0.89%
PepsiCo, Inc. 4.97% 0.89%
Medtronic Plc 2.33% 0.88%
Public Service Enterprise Group Incorporated 0.88% 1.06%
Consolidated Edison, Inc. 0.87% 1.20%
Prudential Financial, Inc. 1.20% 0.84%
Only in FDL
Philip Morris International Inc. 6.77%
Verizon Communications Inc. 6.56%
Pfizer Inc. 6.55%
Altria Group, Inc. 4.95%
Bristol-Myers Squibb Company 3.06%
United Parcel Service, Inc. (Class B) 3.04%
Accenture plc 3.00%
Comcast Corporation (Class A) 2.45%
Only in SPLV
Berkshire Hathaway Inc 1.44%
Regency Centers Corp 1.25%
Atmos Energy Corp 1.25%
Alliant Energy Corp 1.22%
CenterPoint Energy Inc 1.22%
Loews Corp 1.21%
Aflac Inc 1.18%
CMS Energy Corp 1.16%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
SPLV
Invesco S&P 500 Low Volatility ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Invesco
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +2.0%
Expense ratio 0.43% 0.25%
Already in the S&P 500 93.3% 98.7%
Holdings 100 108
Net assets $7.7bn $7.0bn

FDL and SPLV 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 SPLV

SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDL or SPLV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and SPLV +2.0%.
Which is cheaper, FDL or SPLV?
SPLV is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and SPLV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 99% of SPLV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs SPYDFDL vs JAVADFLV vs FDLFDL vs VOOVSPLV vs VTVFTCS vs SPLVJAVA vs SPLVSPLV vs SPYD
FDL on its own →SPLV 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 ↗SPLV filings on SEC EDGAR ↗SPLV prospectus with the expense ratio (SEC) ↗Invesco page for SPLV ↗

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

Open data

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