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FDL vs SPYD: Differences, Returns & Fees

FDL and SPYD hold 43% 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 $7.1bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 High Dividend ETF.

SPYD costs 0.36 points a year less; their one-year returns differ by 10.2 points.

FDL vs SPYD: Differences, Returns & Fees
FDLSPYD
Expense ratio0.43%0.07%
Net assets, as of Oct 8, 2026$7.8bn$7.1bn
Total return, 1 year+20.6%+10.4%
What it tracksMorningstar Dividend Leaders IndexS&P 500 High Dividend Index ?
Holdings in common43%
Top ten holdings, share of the fund50.4%15.5%
Below its high5.9%, high on Aug 24, 20268.7%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+20.6%
FDL total return, 1 year
+10.4%
SPYD total return, 1 year
0.43%
FDL expense ratio
0.07%
SPYD expense ratio

What they hold in common

By the books each fund has filed, FDL and SPYD hold 43% 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 8, 2026 and Oct 9, 2026.

half

43% in common

Positions both hold, largest shared weight first
Holding FDL SPYD
Accenture plc 3.00% 2.03%
Pfizer Inc. 6.55% 1.53%
Chevron Corporation 9.08% 1.50%
Medtronic Plc 2.33% 1.46%
Verizon Communications Inc. 6.56% 1.41%
Kinder Morgan, Inc. 1.63% 1.36%
Altria Group, Inc. 4.95% 1.35%
ONEOK, Inc. 1.70% 1.34%
Bristol-Myers Squibb Company 3.06% 1.34%
Target Corporation 1.32% 1.53%
PepsiCo, Inc. 4.97% 1.29%
Blackstone Inc. 2.18% 1.25%
Only in FDL
Philip Morris International Inc. 6.77%
The Southern Company 2.30%
Mondelez International, Inc. 1.69%
Public Service Enterprise Group Incorporated 0.88%
Consolidated Edison, Inc. 0.87%
WEC Energy Group, Inc. 0.81%
DTE Energy Company 0.60%
Tyson Foods, Inc. (Class A) 0.40%
Only in SPYD
AT+T INC 1.46%
HASBRO INC 1.42%
EOG RESOURCES INC 1.41%
AMERICAN TOWER CORP 1.37%
LYONDELLBASELL INDU CL A 1.32%
KENVUE INC 1.27%
HOST HOTELS + RESORTS INC 1.26%
ALEXANDRIA REAL ESTATE EQUIT 1.25%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
SPYD
State Street SPDR Portfolio S&P 500 High Dividend ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust State Street
What it is Tracks an index Tracks the S&P 500 High Dividend
Total return, 1 year +20.6% +10.4%
Expense ratio 0.43% 0.07%
Already in the S&P 500 93.3% 99.3%
Holdings 100 79
Net assets, FDL as of Oct 9, 2026 and SPYD as of Oct 8, 2026 $7.7bn $7.1bn

FDL and SPYD 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 SPYD

SPYD tracks the S&P 500 High Dividend. Over the year to Oct 9, 2026 it returned +10.4% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 8, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 15.5%. It sat 8.7% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDL or SPYD?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and SPYD +10.4%.
Which is cheaper, FDL or SPYD?
SPYD is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and SPYD overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 99% of SPYD by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs SPLVFDL vs FTCSDLN vs FDLFDL vs RWLFTCS vs SPYDDFLV vs SPYDSPYD vs VOOVSPYD vs VLUE
FDL on its own →SPYD 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 ↗SPYD filings on SEC EDGAR ↗SPYD prospectus with the expense ratio (SEC) ↗State Street 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 SPYD, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-spyd

Open data

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