FDL vs SPYD overlap - what they share and where they differ
FDL and SPYD share 35.4% of their weight across 41 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 SPYD
35.4%
41 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
SPYD
State Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF
Reported positions cover 99% of the fund, 78 positions · Jun 30, 2026
Top 10: 15.0%·Holdings of SPYD
Reported positions cover FDL 100%, SPYD 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPYD vs FDL side by side
FDLFirst Trust Morningstar Dividend Leaders Index Fund
99
stock positions reported to the SEC
31.0% of its weight is in 58 names SPYD does not hold
SPYDState Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF
78
stock positions reported to the SEC
47.6% of its weight is in 37 names FDL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Real Estate: SPYD has 25.9 points more of it.
The figures side by side
| FDL | SPYD | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 99 | 78 |
| Weight of the ten largest | 48.1% | 15.0% |
| Largest position | CVX 7.4% | IRM 1.6% |
| Held alone | 58 positions, 31.0% | 37 positions, 47.6% |
| Covered by stock positions | 100% | 99% |
Holdings they share
| Stock | In FDL | In SPYD | Counted |
|---|---|---|---|
| MOALTRIA GROUP INC | 4.64% | 1.41% | 1.41% |
| TGTTARGET CORP | 1.41% | 1.47% | 1.41% |
| OKEONEOK INC | 1.69% | 1.37% | 1.37% |
| DDOMINION ENERGY INC | 1.50% | 1.34% | 1.34% |
| KMIKINDER MORGAN INC | 1.54% | 1.34% | 1.34% |
| US BANCORP | 2.27% | 1.30% | 1.30% |
| VZVERIZON COMMUNICATIONS INC | 7.17% | 1.29% | 1.29% |
| DUKDUKE ENERGY CORP | 2.21% | 1.27% | 1.27% |
| BMYBRISTOL-MYERS SQUIBB COMPANY | 3.43% | 1.26% | 1.26% |
| KMBKIMBERLY CLARK CORP | 1.23% | 1.31% | 1.23% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FDL
Only in SPYD
Questions people ask
Is FDL the same as SPYD?
35.4% of their weight sits in the same 41 holdings. FDL also reports PM, SO, BX, which the other does not. SPYD also reports IRM, CVS, HST, which the other does not.
How is the overlap between FDL and SPYD 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 99% of SPYD, so the number cannot exceed the smaller coverage.
Which holds more, SPYD or FDL?
FDL reports 99 stock positions and SPYD reports 78. 31.0% of FDL's weight sits in names SPYD does not hold, and 47.6% of SPYD's weight in names FDL does not hold. The ten largest positions are 48.1% of FDL and 15.0% of SPYD.
How do FDL and SPYD differ by sector?
The widest gap is Real Estate: SPYD has 25.9 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.