FDL Alternatives & Similar ETFs

First Trust Morningstar Dividend Leaders Index Fund (FDL) belongs to the Large Cap Value Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FDL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FDL

FDL charges 0.43% annually. There are 78 ETFs in the Large Cap Value Equities category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
SCHV	Schwab U.S. Large-Cap Value ETF	0.04%	15.78B	Dec 2009	FDL vs SCHV
ILCV	iShares Morningstar Value ETF	0.04%	1.30B	Jun 2004	FDL vs ILCV
VTV	Vanguard Value ETF	0.04%	245.00B	Jan 2004	FDL vs VTV
IUSV	iShares Core S&P U.S. Value ETF	0.04%	27.02B	Jul 2000	FDL vs IUSV
SPYV	SPDR Portfolio S&P 500 Value ETF	0.04%	35.82B	Sep 2000	FDL vs SPYV

Best Risk-Adjusted Alternatives to FDL

FDL has a PortfoliosLab risk / return rank of 73. There are 75 ETFs in the Large Cap Value Equities category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
VLUE	iShares MSCI USA Value Factor ETF	97	9.78B	Apr 2013	FDL vs VLUE
PWV	Invesco Dynamic Large Cap Value ETF	95	1.62B	Mar 2005	FDL vs PWV
AVLV	Avantis U.S. Large Cap Value ETF	94	16.76B	Sep 2021	FDL vs AVLV
SEIV	SEI Enhanced US Large Cap Value Factor ETF	93	956.28M	May 2022	FDL vs SEIV
FNDX	Schwab Fundamental U.S. Large Company Index ETF	93	26.25B	Aug 2013	FDL vs FNDX

Top Performing FDL Alternatives (YTD)

FDL is at 14.12% YTD. There are 58 ETFs in the Large Cap Value Equities category with higher YTD returns, going as high as 43.96%.

Symbol	Name	YTD Return	AUM	Inception
VLUE	iShares MSCI USA Value Factor ETF	43.96%	9.78B	Apr 2013	FDL vs VLUE
CBSE	Clough Select Equity ETF	26.34%	56.12M	Nov 2020	FDL vs CBSE
ELCV	Eventide High Dividend ETF	22.66%	150.61M	Sep 2024	FDL vs ELCV
AVLV	Avantis U.S. Large Cap Value ETF	21.95%	16.76B	Sep 2021	FDL vs AVLV
VFLO	VictoryShares Free Cash Flow ETF	20.99%	8.17B	Jun 2023	FDL vs VFLO

Lowest Volatility Alternatives to FDL

FDL has 11.67% 1-year volatility. There are 81 ETFs in the Large Cap Value Equities category with lower 1-year volatility, going as low as 4.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
KWIN	KraneShares Wahed Alternative Income Index ETF	4.15%	60.27M	Oct 2025	FDL vs KWIN
DLN	WisdomTree U.S. LargeCap Dividend Fund	8.95%	6.21B	Jun 2006	FDL vs DLN
BGIG	Bahl & Gaynor Income Growth ETF	8.97%	342.03M	Sep 2023	FDL vs BGIG
ABEQ	Absolute Select Value ETF	9.12%	142.20M	Jan 2020	FDL vs ABEQ
MDLV	Morgan Dempsey Large Cap Value ETF	9.13%	32.39M	Apr 2023	FDL vs MDLV

Lowest Drawdown Alternatives to FDL

FDL has a 1-year max drawdown of -4.27%. There is 1 ETF in the Large Cap Value Equities category with a shallower 1-year drawdown, going as shallow as -4.05%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PWV	Invesco Dynamic Large Cap Value ETF	-4.05%	1.62B	Mar 2005	FDL vs PWV
MDLV	Morgan Dempsey Large Cap Value ETF	-4.27%	32.39M	Apr 2023	FDL vs MDLV
VMAX	Hartford US Value ETF	-4.93%	48.88M	Dec 2023	FDL vs VMAX
ELCV	Eventide High Dividend ETF	-5.05%	150.61M	Sep 2024	FDL vs ELCV
FTA	First Trust Large Cap Value AlphaDEX Fund	-5.13%	1.34B	May 2007	FDL vs FTA

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	37	32.93%	14.26B	Jul 2015	FDL vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	60	20.61%	11.74B	Nov 2009	FDL vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	69	25.49%	10.80B	Mar 2014	FDL vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	4	-8.10%	132.86M	Feb 2012	FDL vs NFTY
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	20	-6.69%	510.89M	Mar 2021	FDL vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	95	91.84%	2.46B	Sep 2016	FDL vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	38	15.12%	4.34B	Aug 2012	FDL vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	57	23.13%	718.18M	Feb 2007	FDL vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	31	7.35%	3.40B	Mar 2018	FDL vs KNG
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	76	15.92%	24.39B	Jan 2014	FDL vs RDVY

Often Compared With FDL

Investors most often compare FDL with SCHD, FDVV, VYM. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	83	19.32%	98.55B	Oct 2011	FDL vs SCHD
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	72	11.28%	9.74B	Sep 2016	FDL vs FDVV
VYM	Vanguard High Dividend Yield ETF	Dividend	82	12.96%	96.10B	Nov 2006	FDL vs VYM
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ...	S&P 500, Dividend	52	14.61%	7.40B	Oct 2015	FDL vs SPYD
LVHD	Franklin U.S. Low Volatility High Dividend Index E...	Dividend	48	12.52%	606.87M	Dec 2015	FDL vs LVHD
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	36	11.04%	3.29B	Oct 2012	FDL vs SPHD
VOO	Vanguard S&P 500 ETF	S&P 500	67	10.87%	1.70T	Sep 2010	FDL vs VOO
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	31	2.97%	45.17B	May 2020	FDL vs JEPI
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	Dividend, S&P 500, Large Cap Value Equities	33	9.33%	11.63B	Oct 2013	FDL vs NOBL
ONEQ	Fidelity Nasdaq Composite Index ETF	Large Cap Growth Equities	57	13.26%	10.69B	Sep 2003	FDL vs ONEQ
HDV	iShares Core High Dividend ETF	Dividend, Large Cap Value Equities	74	15.11%	13.91B	Mar 2011	FDL vs HDV
CGDV	Capital Group Dividend Value ETF	Large Cap Value Equities, Dividend	68	12.94%	36.70B	Feb 2022	FDL vs CGDV
MEDI	Harbor Health Care ETF	Health & Biotech Equities	37	6.14%	43.49M	Nov 2022	FDL vs MEDI
UDI	USCF ESG Dividend Income Fund	Large Cap Value Equities	87	14.79%	6.79M	Jun 2022	FDL vs UDI
AHR	American Healthcare REIT, Inc.		90	17.49%	—	—	FDL vs AHR
BEEZ	Honeytree U.S. Equity ETF	Large Cap Blend Equities	14	2.53%	6.02M	Nov 2023	FDL vs BEEZ
CSMD	Congress SMID Growth ETF	Mid Cap Growth Equities	20	9.96%	476.30M	Aug 2023	FDL vs CSMD
EDIV	SPDR S&P Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	37	9.97%	1.22B	Feb 2011	FDL vs EDIV
FDTS	First Trust Developed Markets ex-US Small Cap Alph...	Foreign Small & Mid Cap Equities	62	14.46%	13.15M	Feb 2012	FDL vs FDTS
DIVO	Amplify CWP Enhanced Dividend Income ETF	Derivative Income	65	6.60%	7.30B	Dec 2016	FDL vs DIVO

Compare FDL with Any Fund or Stock

Compare FDL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FDL with funds that move differently

First Trust Morningstar Dividend Leaders Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FDL.

Explore FDL Diversifiers

First Trust Morningstar Dividend Leaders Index Fund (FDL) Alternatives