ETF comparison
FDL vs SPY
Dividend vs US Large Cap.
First Trust Morningstar Dividend Leaders Index Fund · State Street SPDR S&P 500 ETF Trust
Holdings overlap
55 positions appear in both funds. Buying equal dollars of FDL and SPY would leave roughly 5.1% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SPY is 34 bps cheaper than FDL. On a $100,000 position that's about $336/yr more in fees for FDL.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FDL vs SPY.
Top shared holdings
55 shared in total| # | Holding | In FDL | In SPY | Overlap |
|---|---|---|---|---|
| 1 | CHEVRON CORP | 7.43% | 0.65% | 0.65% |
| 2 | PHILIP MORRIS INTERNATIONAL INC | 6.06% | 0.50% | 0.50% |
| 3 | PEPSICO INC | 4.84% | 0.29% | 0.29% |
| 4 | VERIZON COMMUNICATIONS INC | 7.17% | 0.29% | 0.29% |
| 5 | PFIZER INC | 5.91% | 0.26% | 0.26% |
| 6 | BRISTOL-MYERS SQUIBB COMPANY | 3.43% | 0.20% | 0.20% |
| 7 | ALTRIA GROUP INC | 4.64% | 0.20% | 0.20% |
| 8 | SOUTHERN COMPANY (THE) | 2.32% | 0.16% | 0.16% |
| 9 | DUKE ENERGY CORP | 2.21% | 0.15% | 0.15% |
| 10 | US BANCORP | 2.27% | 0.14% | 0.14% |
| 11 | BLACKSTONE INC | 2.31% | 0.14% | 0.14% |
| 12 | COMCAST CORP | 3.13% | 0.13% | 0.13% |
Only in FDL
46 total- MEDTRONIC PLC 2.28%
- ACCENTURE PLC 1.84%
- ONEOK INC 1.69%
- AMCOR PLC 0.89%
- SMURFIT WESTROCK PLC 0.70%
- CONAGRA BRANDS INC 0.42%
- ONEMAIN HOLDINGS INC 0.35%
- FIDELITY NATIONAL FINANCIAL INC 0.34%
- COLUMBIA BANKING SYSTEM INC 0.28%
- ESSENTIAL UTILITIES INC 0.26%
Only in SPY
449 total- APPLE INC 7.69%
- NVIDIA CORP 7.30%
- MICROSOFT CORP 6.22%
- AMAZON.COM INC 3.94%
- ALPHABET INC CL A 2.56%
- BROADCOM INC 2.33%
- META PLATFORMS INC CLASS A 2.09%
- ALPHABET INC CL C 2.06%
- ELI LILLY + CO 1.71%
- TESLA INC 1.64%
Related comparisons
More comparisons with FDL
- FDL vs VTI · Vanguard Morningstar Total Stock Market ETF 4.9%
- FDL vs ITOT · iShares Core S&P Total U.S. Stock Market ETF 4.9%
- FDL vs IJH · iShares Core S&P Mid-Cap ETF 4.2%
- FDL vs RDVY · First Trust Rising Dividend Achievers ETF 3.2%
- FDL vs DGRW · WisdomTree U.S. Quality Dividend Growth Fund 2.9%
- FDL vs VIG · Vanguard Dividend Appreciation Index Fund ETF Shares 2.9%
More comparisons with SPY
- SPY vs VFLO · Victoryshares Free Cash Flow ETF 4.5%
- SPY vs AVMV · Avantis U.S. Mid Cap Value ETF 4.4%
- SPY vs IWP · iShares Russell Mid-Cap Growth ETF 4.4%
- SPY vs VB · Vanguard Morningstar Small-Cap ETF 3.4%
- SPY vs VBR · Vanguard Morningstar Small-Cap Value ETF 2.7%
- SPY vs PEY · Invesco High Yield Equity Dividend Achievers ETF 2.7%
Percentages are holdings overlap with the named fund.
Open FDL or SPY at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.