FEDM vs TLTD: holdings overlap, shared companies and scores
As of October 9, 2026, FEDM and TLTD overlap 28.1% by weight. Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM): Developed ex-US ESG stocks. Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD): Developed ex-US equities.
Updated October 9, 2026
Where FEDM and TLTD trade against their own history
FEDM trades at 17.8 times earnings, against its own median of 16.4, and is more expensive than 77% of its own last 5 years.
TLTD trades at 13.9 times earnings, against its own median of 13.2, and is more expensive than 65% of its own last 9 years.
What moved TLTD this week
TLTD fell 0.8% in the week to October 9, 2026. The holdings that moved it most were ASML (−3.4%), Deutsche Telekom (−7.3%) and Ams-Osram (−15.3%); Shell (+5.7%) pushed the other way.
What do FEDM and TLTD each hold?
What's inside FEDM: Tech 13%, Semiconductors 6%.
17% of FEDM is its ten largest holdings.
What's inside TLTD: Tech 8%, Semiconductors 3%.
8% of TLTD is its ten largest holdings.
How much do FEDM and TLTD overlap? 28.1% by weight
As of October 9, 2026, FEDM and TLTD overlap 28.1% by weight.
100% of FEDM is already inside TLTD.
31% of TLTD is already inside FEDM.
FEDM holds 213 companies and TLTD holds 2,253; 209 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 FEDM and TLTD? 4.4 and 4.5 out of 10
As of October 9, 2026, ETF Copilot scores FEDM 4.4 out of 10 and TLTD 4.5 out of 10.
They differ most on Quality: FEDM 6.1 and TLTD 2.8.
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 | FEDM | TLTD |
|---|---|---|
| Growth | 4.1 | 3.6 |
| Value | 2.3 | 4.6 |
| Risk | 6.3 | 6.2 |
| Quality | 6.1 | 2.8 |
| Return | 3.8 | 5.3 |
FEDM is the cheaper of the two at 0.16% a year
As of October 9, 2026, FEDM charges 0.16% a year, yields 2.94% and holds $80M in assets across 213 positions.
As of October 9, 2026, TLTD charges 0.41% a year, yields 3.33% and holds $654M in assets across 2253 positions.
| Measure | FEDM | TLTD |
|---|---|---|
| Expense ratio | 0.16% | 0.41% |
| Dividend yield | 2.94% | 3.33% |
| Assets under management | $80M | $654M |
| Holdings | 213 | 2253 |
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, “FEDM vs TLTD holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fedm-vs-tltd
- Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM)
- Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD)
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