FDL vs FNDB: holdings overlap, shared companies and scores
As of October 28, 2026, FDL and FNDB overlap 12.1% by weight. First Trust Morningstar Dividend Leaders Index Fund (FDL): 100 top U.S. dividend payers. Schwab Fundamental U.S. Broad Market Index ETF (FNDB): U.S. companies by fundamentals.
Updated October 28, 2026
Where FDL and FNDB trade against their own history
FDL trades at 16.6 times earnings, against its own median of 15.1, and is more expensive than 69% of its own last 9 years.
FNDB trades at 19.6 times earnings, against its own median of 17.5, and is more expensive than 77% of its own last 9 years.
What moved FDL this week
FDL rose 0.8% in the week to October 28, 2026. The holdings that moved it most were United Parcel Service (+6.1%), Philip Morris International (+2.6%) and BlackStone (+6.8%); Pfizer (−1.3%) pushed the other way.
What do FDL and FNDB each hold?
What's inside FDL: Tech 5%, Semiconductors 0%.
51% of FDL is its ten largest holdings.
What's inside FNDB: Tech 22%, Magnificent 7 15%.
21% of FNDB is its ten largest holdings.
How much do FDL and FNDB overlap? 12.1% by weight
As of October 28, 2026, FDL and FNDB overlap 12.1% by weight.
100% of FDL is already inside FNDB.
12% of FNDB is already inside FDL.
FDL holds 97 companies and FNDB holds 1,614; 97 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FDL and FNDB? 6.2 and 5.6 out of 10
As of October 28, 2026, ETF Copilot scores FDL 6.2 out of 10 and FNDB 5.6 out of 10.
They differ most on Growth: FDL 4.8 and FNDB 3.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FDL | FNDB |
|---|---|---|
| Growth | 4.8 | 3.3 |
| Value | 4.6 | 3.1 |
| Risk | 9.1 | 8.6 |
| Quality | 5.4 | 4.9 |
| Return | 7.3 | 8.1 |
FNDB is the cheaper of the two at 0.25% a year
As of October 28, 2026, FDL charges 0.43% a year, yields 3.69% and holds $8.2B in assets across 97 positions.
As of October 28, 2026, FNDB charges 0.25% a year, yields 1.43% and holds $1.5B in assets across 1614 positions.
| Measure | FDL | FNDB |
|---|---|---|
| Expense ratio | 0.43% | 0.25% |
| Dividend yield | 3.69% | 1.43% |
| Assets under management | $8.2B | $1.5B |
| Holdings | 97 | 1614 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “FDL vs FNDB holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/fdl-vs-fndb
- First Trust Morningstar Dividend Leaders Index Fund (FDL)
- Schwab Fundamental U.S. Broad Market Index ETF (FNDB)
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