Which returned more over the last year, FDL or VFMF?

In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and VFMF +31.6%.

Which is cheaper, FDL or VFMF?

VFMF is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FDL and VFMF overlap with the S&P 500?

By their latest filed holdings, 93% of FDL and 47% of VFMF by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FDL vs VFMF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FDL returned +26.0% to VFMF's +31.6%; 7% of their weight is in the same names.

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Net assets: $8.2bn on Oct 27, 2026 for First Trust Morningstar ETF, and $1.1bn on Sep 30, 2026 for Vanguard U.S. Multifactor ETF.

FDL on its own →VFMF on its own →

At a glance

+26.0%

FDL total return, 1 year

+31.6%

VFMF total return, 1 year

0.43%

FDL expense ratio

0.18%

VFMF expense ratio

Pair scorecard

VFMF costs 0.25 points a year less; their one-year returns differ by 5.6 points.

FDL vs VFMF: Differences, Returns & Fees
Measure	FDL	VFMF
Return
Measure	FDL	VFMF
Total return, 1 year	+26.0%	+31.6%
Benchmark
Measure	FDL	VFMF
What it tracks	Morningstar Dividend Leaders Index	No index, actively managed
Cost and size
Measure	FDL	VFMF
Expense ratio	0.43%	0.18%
Net assets, FDL as of Oct 27, 2026 and VFMF as of Sep 30, 2026	$8.2bn	$1.1bn
Holdings
Measure	FDL	VFMF
Holdings in common	7%
Top ten holdings, share of the fund	50.6%	8.9%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, FDL and VFMF hold 7% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first FDL VFMF

Bristol-Myers Squibb Company 3.03% 0.88%

Altria Group, Inc. 4.82% 0.83%

PepsiCo, Inc. 5.00% 0.63%

Verizon Communications Inc. 6.58% 0.62%

Pfizer Inc. 6.55% 0.52%

Truist Financial Corporation 1.52% 0.42%

Chevron Corporation 9.28% 0.31%

Best Buy Co., Inc. 0.52% 0.30%

Medtronic Plc 2.35% 0.26%

Accenture plc 3.20% 0.24%

Target Corporation 1.21% 0.24%

OneMain Holdings, Inc. 0.27% 0.23%

Only in one fund ↓

Only in FDL

Philip Morris International Inc. 6.48%

United Parcel Service, Inc. (Class B) 3.24%

Comcast Corporation (Class A) 2.46%

The Southern Company 2.35%

Duke Energy Corporation 2.24%

Blackstone Inc. 2.11%

U.S. Bancorp 1.94%

ONEOK, Inc. 1.72%

Only in VFMF

Micron Technology Inc 1.25%

Newmont Corp 0.89%

ConocoPhillips 0.86%

Bank of New York Mellon Corp 0.86%

EOG Resources Inc 0.84%

Travelers Cos Inc 0.83%

Cisco Systems Inc 0.83%

Merck & Co Inc 0.81%

Check overlap with more funds →

Side by side

FDL First Trust Morningstar ETF VFMF Vanguard U.S. Multifactor ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust Vanguard

What it is Tracks an index Actively managed

Total return, 1 year +26.0% +31.6%

Its benchmark over the same days not measured +13.3% (IWV)

Gap to its benchmark not measured +18.3 pts vs IWV

Expense ratio 0.43% 0.18%

Already in the S&P 500 93.3% 46.8%

Holdings 100 613

Net assets, FDL as of Oct 27, 2026 and VFMF as of Sep 30, 2026 $8.2bn $1.1bn

FDL and VFMF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

FDL

FDL tracks an index. Over the year to Oct 28, 2026 it returned +26.0% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.6%.

VFMF

Over the year to Oct 28, 2026 it returned +31.6% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

VFMF is actively managed and tracks no index. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 47% of the fund by weight is stocks the S&P 500 also holds, across 613 positions, with the top ten at 8.9%.

Questions people ask

Which returned more over the last year, FDL or VFMF?: In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and VFMF +31.6%.
Which is cheaper, FDL or VFMF?: VFMF is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and VFMF overlap with the S&P 500?: By their latest filed holdings, 93% of FDL and 47% of VFMF by weight is stocks the S&P 500 already holds.

Other comparisons

FDL vs PEY FDL vs FXO FDL vs IVOV FDL vs RSPA FTA vs VFMF ILCV vs VFMF IMCV vs VFMF IVOV vs VFMF

Where to next

FDL on its own →VFMF on its own →Hold both: look the portfolio through →Rankings →FDL dividend history →FDL holdings →VFMF dividend history →VFMF holdings →Standards and sources →

Sources and dates

FDL filings on SEC EDGAR ↗

FDL prospectus with the expense ratio (SEC) ↗

First Trust page for FDL ↗

VFMF filings on SEC EDGAR ↗

VFMF prospectus with the expense ratio (SEC) ↗

Vanguard page for VFMF ↗

Links are sources, not endorsements. 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.

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ETFIQ, FDL against VFMF, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdl-vs-vfmf

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