FDL vs IYZ overlap - what they share and where they differ
FDL and IYZ share 10.3% of their weight across 2 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
FDL and IYZ
10.3%
2 shared positions
FDL
First Trust Morningstar Dividend Leaders Index Fund
Reported positions cover 100% of the fund, 99 positions · Jun 30, 2026
Top 10: 48.1%·Holdings of FDL
IYZ
iShares U.S. Telecommunications ETF
Reported positions cover 100% of the fund, 22 positions · Jun 30, 2026
Top 10: 69.5%·Holdings of IYZ
Reported positions cover FDL 100%, IYZ 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
IYZ vs FDL side by side
FDLFirst Trust Morningstar Dividend Leaders Index Fund
99
stock positions reported to the SEC
89.4% of its weight is in 97 names IYZ does not hold
IYZiShares U.S. Telecommunications ETF
22
stock positions reported to the SEC
85.1% of its weight is in 20 names FDL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: IYZ has 54.2 points more of it.
The figures side by side
| FDL | IYZ | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 99 | 22 |
| Weight of the ten largest | 48.1% | 69.5% |
| Largest position | CVX 7.4% | CSCO 22.6% |
| Held alone | 97 positions, 89.4% | 20 positions, 85.1% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In FDL | In IYZ | Counted |
|---|---|---|---|
| VZVERIZON COMMUNICATIONS INC | 7.17% | 10.97% | 7.17% |
| CMCSACOMCAST CORP | 3.13% | 3.79% | 3.13% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FDL
Only in IYZ
Questions people ask
Is FDL the same as IYZ?
10.3% of their weight sits in the same 2 holdings. FDL also reports CVX, PM, PFE, which the other does not. IYZ also reports CSCO, ANET, T, which the other does not.
How is the overlap between FDL and IYZ measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of FDL and 100% of IYZ, so the number cannot exceed the smaller coverage.
Which holds more, IYZ or FDL?
FDL reports 99 stock positions and IYZ reports 22. 89.4% of FDL's weight sits in names IYZ does not hold, and 85.1% of IYZ's weight in names FDL does not hold. The ten largest positions are 48.1% of FDL and 69.5% of IYZ.
How do FDL and IYZ differ by sector?
The widest gap is Technology: IYZ has 54.2 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.