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FDL vs SPYV: Differences, Returns & Fees

FDL and SPYV 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 $36.2bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 Value ETF.

SPYV costs 0.39 points a year less; their one-year returns differ by 6.1 points; SPYV is 4.7 times larger.

FDL vs SPYV: Differences, Returns & Fees
FDLSPYV
Expense ratio0.43%0.04%
Net assets, as of Oct 8, 2026$7.8bn$36.2bn
Total return, 1 year+20.6%+14.5%
What it tracksMorningstar Dividend Leaders IndexS&P 500 Value Index ?
Holdings in common11%
Top ten holdings, share of the fund50.4%24.7%
Below its high5.9%, 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
+14.5%
SPYV total return, 1 year
0.43%
FDL expense ratio
0.04%
SPYV expense ratio

What they hold in common

By the books each fund has filed, FDL and SPYV 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 Oct 8, 2026 and Oct 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding FDL SPYV
Chevron Corporation 9.08% 1.41%
Verizon Communications Inc. 6.56% 0.64%
PepsiCo, Inc. 4.97% 0.59%
Pfizer Inc. 6.55% 0.54%
Philip Morris International Inc. 6.77% 0.47%
Accenture plc 3.00% 0.43%
Bristol-Myers Squibb Company 3.06% 0.41%
Altria Group, Inc. 4.95% 0.40%
Medtronic Plc 2.33% 0.38%
The Southern Company 2.30% 0.34%
Duke Energy Corporation 2.20% 0.31%
U.S. Bancorp 1.96% 0.30%
Only in FDL
Fidelity National Financial, Inc. 0.30%
OneMain Holdings, Inc. 0.28%
Essential Utilities, Inc. 0.26%
Columbia Banking System, Inc. 0.25%
OGE Energy Corp. 0.23%
Eastman Chemical Company 0.22%
UGI Corporation 0.21%
Conagra Brands, Inc. 0.19%
Only in SPYV
APPLE INC 8.40%
AMAZON.COM INC 3.96%
EXXONMOBIL HOLDINGS CORP 2.34%
INTEL CORP 1.80%
WALMART INC 1.67%
COSTCO WHOLESALE CORP 1.42%
TESLA INC 1.36%
MERCK + CO. INC. 1.19%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
SPYV
State Street SPDR Portfolio S&P 500 Value ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust State Street
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +14.5%
Its benchmark over the same days not published +14.4% (IVE)
Gap to its benchmark not available +0.1 pts vs IVE
Expense ratio 0.43% 0.04%
Already in the S&P 500 93.3% 99.8%
Holdings 100 435
Net assets, FDL as of Oct 9, 2026 and SPYV as of Oct 8, 2026 $7.7bn $36.2bn

FDL and SPYV 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 SPYV

SPYV tracks an index. Over the year to Oct 9, 2026 it returned +14.5% with distributions reinvested, against +14.4% for its benchmark, the S&P 500 Value Index ?. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 435 positions, with the top ten at 24.7%.

Questions people ask

Which returned more over the last year, FDL or SPYV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and SPYV +14.5%.
Which is cheaper, FDL or SPYV?
SPYV 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 SPYV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 100% of SPYV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs IUSVFDL vs FNDXAVLV vs FDLFDL vs SCHVFTCS vs SPYVJAVA vs SPYVSPYD vs SPYVSPLV vs SPYV
FDL on its own →SPYV 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 ↗SPYV filings on SEC EDGAR ↗SPYV 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 SPYV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-spyv

Open data

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