FDL vs IWV: holdings overlap, shared companies and scores
As of September 11, 2026, FDL and IWV overlap 5.1% by weight. First Trust Morningstar Dividend Leaders Index Fund (FDL): 100 top U.S. dividend payers. iShares Russell 3000 ETF (IWV): U.S. total market index.
Updated September 11, 2026
How much do FDL and IWV overlap?
As of September 11, 2026, FDL and IWV overlap 5.1% by weight.
100% of FDL is already inside IWV.
5% of IWV is already inside FDL.
FDL holds 98 companies and IWV holds 2,569; 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 IWV?
As of September 11, 2026, ETF Copilot scores FDL 5.2 out of 10 and IWV 5.2 out of 10.
They differ most on Quality: FDL 3.5 and IWV 8.0.
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 | IWV |
|---|---|---|
| Growth | 4.7 | 3.3 |
| Valuation | 6.0 | 3.0 |
| Risk | 5.4 | 4.8 |
| Quality | 3.5 | 8.0 |
| Return | 6.4 | 7.2 |
IWV is the cheaper of the two at 0.20% a year
As of September 11, 2026, FDL charges 0.43% a year, yields 4.52% and holds $8.0B in assets across 98 positions.
As of September 11, 2026, IWV charges 0.20% a year, yields 1.11% and holds $20.5B in assets across 2569 positions.
| Measure | FDL | IWV |
|---|---|---|
| Expense ratio | 0.43% | 0.20% |
| Dividend yield | 4.52% | 1.11% |
| Assets under management | $8.0B | $20.5B |
| Holdings | 98 | 2569 |
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.
Where FDL and IWV trade against their own history
FDL trades at 16.5 times earnings, against its own median of 15.2, and is more expensive than 74% of its own 114 monthly readings since 2017.
IWV trades at 24.7 times earnings, against its own median of 21.1, and is more expensive than 82% of its own 114 monthly readings since 2017.
What moved FDL and IWV this week
FDL fell 2.2% in the week to September 11, 2026. The holdings that moved it most were Pfizer (−3.8%), Bristol-Myers Squibb (−6.5%) and Comcast (−5.4%); Philip Morris International (+2.6%) pushed the other way.
IWV fell 1.2% in the week to September 11, 2026. The holdings that moved it most were Nvidia (−4.4%), Microsoft (−2.8%) and Eli Lilly (−3.8%); Advanced Micro Devices (+13.1%) pushed the other way.
What do FDL and IWV each hold?
What's inside FDL: Tech 4%, Semiconductors 0%.
51% of FDL is its ten largest holdings.
What's inside IWV: Tech 43%, Magnificent 7 30%.
34% of IWV is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FDL vs IWV holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fdl-vs-iwv
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