ETF overlap

FDL vs SPLV overlap - what they share and where they differ

FDL and SPLV share 16.7% of their weight across 20 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the equity positions the largest US ETFs report to the SEC and works out the overlap of every pair. For each stock both hold, we use the smaller of its two weights.

FDL and SPLV

16.7%

20 shared stocks

FDLFirst Trust Morningstar Dividend Leaders Index Fund

Holdings of FDL
Stock positions reported
99
Weight of the ten largest
48.1%
Only here, not in SPLV
64.4%

SPLVInvesco S&P 500 Low Volatility ETF

Holdings of SPLV
Stock positions reported
100
Weight of the ten largest
12.5%
Only here, not in FDL
79.2%
Positions coveredFDL 100%SPLV 100%Filings: Jun 30, 2026, Aug 31, 2026

FDL vs SPLV side by side

The same figures from the two funds' filings, side by side.

Largest sectors for both funds

FDLSPLV
  • Utilities: FDL 15.2%, SPLV 26.7%
  • Financial services: FDL 13.8%, SPLV 23.8%
  • Consumer defensive: FDL 22.8%, SPLV 6.8%
  • Real estate: FDL 0.0%, SPLV 17.2%
  • Industrials: FDL 4.7%, SPLV 13.0%
  • Healthcare: FDL 11.6%, SPLV 3.8%

The widest gap is Real estate: SPLV has 17.2 points more of it.

  • Filing date
    FDLJun 30, 2026
  • Stock positions reported
    FDL99
  • Weight of the ten largest
    FDL48.1%
  • Largest position
    FDLCVX 7.4%
  • Held alone
    FDL79 positions, 64.4%
  • Covered by stock positions
    FDL100%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in FDL

79 positions only here, 64.4% of the fund

  • VZVerizon Communications Inc7.17%
  • PMPhilip Morris International Inc6.06%
  • PFEPfizer Inc5.91%
  • MOAltria Group Inc4.64%
  • BMYBristol-Myers Squibb Company3.43%
  • UPSUnited Parcel Service Inc3.15%
  • CMCSAComcast Corp3.13%
  • BXBlackstone Inc2.31%
  • ACNAccenture PLC1.84%
  • OKEOneok Inc1.69%

Only in SPLV

80 positions only here, 79.2% of the fund

  • BRK.ABerkshire Hathaway Inc.1.36%
  • REGRegency Centers Corp.1.25%
  • ATOAtmos Energy Corp.1.24%
  • LNTAlliant Energy Corp.1.22%
  • CNPCenterPoint Energy, Inc.1.20%
  • ORealty Income Corp.1.20%
  • LLoews Corp.1.19%
  • CMSCMS Energy Corp.1.16%
  • FRTFederal Realty Investment Trust1.16%
  • AEEAmeren Corp.1.15%

Holdings they share

20 shared stocks
  • DUKDuke Energy Corp
    Counted1.26%
  • SOSouthern Company (The)
    Counted1.14%
  • EXCExelon Corp
    Counted1.02%
  • KMIKinder Morgan Inc
    Counted1.02%
  • DDominion Energy Inc
    Counted0.95%
  • PEPPepsico Inc
    Counted0.95%
  • CVXChevron Corp
    Counted0.93%
  • PEGPublic Service Enterprise Group Inc
    Counted0.90%
  • EDConsolidated Edison Inc
    Counted0.89%
  • MDLZMondelez International Inc
    Counted0.87%

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Questions people ask

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Is FDL the same as SPLV?

16.7% of their weight sits in the same 20 holdings. FDL also reports VZ, PM, PFE, which the other does not. SPLV also reports BRK.A, REG, ATO, which the other does not.

How is the overlap between FDL and SPLV 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 SPLV, so the number cannot exceed the smaller coverage.

Which holds more, SPLV or FDL?

FDL reports 99 stock positions and SPLV reports 100. 64.4% of FDL's weight sits in names SPLV does not hold, and 79.2% of SPLV's weight in names FDL does not hold. The ten largest positions are 48.1% of FDL and 12.5% of SPLV.

How do FDL and SPLV differ by sector?

The widest gap is Real estate: SPLV has 17.2 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.

Related pages

US stocksThe market today, the sectors, the largest companies and the week's results.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.Bond ETFsWhat each bond ETF's bonds yield, how far its price would fall if rates rose, and how it did in 2022.Methodology and sourcesWhere every figure comes from and how it is checked.

Descriptive data from public SEC filings. Holdings change between filings.