FDL vs XLP overlap - what they share and where they differ
FDL and XLP share 22.8% of their weight across 14 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 XLP
22.8%
14 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
XLP
State Street(R) Consumer Staples Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 34 positions · Jun 30, 2026
Top 10: 62.4%·Holdings of XLP
Reported positions cover FDL 100%, XLP 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLP vs FDL side by side
FDLFirst Trust Morningstar Dividend Leaders Index Fund
99
stock positions reported to the SEC
76.4% of its weight is in 85 names XLP does not hold
XLPState Street(R) Consumer Staples Select Sector SPDR(R) ETF
34
stock positions reported to the SEC
67.6% 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 Consumer Defensive: XLP has 70.1 points more of it.
The figures side by side
| FDL | XLP | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 99 | 34 |
| Weight of the ten largest | 48.1% | 62.4% |
| Largest position | CVX 7.4% | WMT 10.8% |
| Held alone | 85 positions, 76.4% | 20 positions, 67.6% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In FDL | In XLP | Counted |
|---|---|---|---|
| PMPHILIP MORRIS INTERNATIONAL INC | 6.06% | 6.13% | 6.06% |
| MOALTRIA GROUP INC | 4.64% | 4.53% | 4.53% |
| PEPPEPSICO INC | 4.84% | 4.32% | 4.32% |
| MDLZMONDELEZ INTERNATIONAL INC | 1.57% | 4.15% | 1.57% |
| TGTTARGET CORP | 1.41% | 3.85% | 1.41% |
| KMBKIMBERLY CLARK CORP | 1.23% | 2.36% | 1.23% |
| KHCKRAFT HEINZ COMPANY (THE) | 0.91% | 1.31% | 0.91% |
| GISGENERAL MILLS INC | 0.88% | 1.21% | 0.88% |
| CLXCLOROX COMPANY | 0.39% | 0.75% | 0.39% |
| TSNTYSON FOODS INC | 0.37% | 1.05% | 0.37% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FDL
Only in XLP
Questions people ask
Is FDL the same as XLP?
22.8% of their weight sits in the same 14 holdings. FDL also reports CVX, VZ, PFE, which the other does not. XLP also reports WMT, COST, PG, which the other does not.
How is the overlap between FDL and XLP 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 XLP, so the number cannot exceed the smaller coverage.
Which holds more, XLP or FDL?
FDL reports 99 stock positions and XLP reports 34. 76.4% of FDL's weight sits in names XLP does not hold, and 67.6% of XLP's weight in names FDL does not hold. The ten largest positions are 48.1% of FDL and 62.4% of XLP.
How do FDL and XLP differ by sector?
The widest gap is Consumer Defensive: XLP has 70.1 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.