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
SPYV	SPDR Portfolio S&P 500 Value ETF	0.04%	35.07B	Sep 2000	FDL vs SPYV
IUSV	iShares Core S&P U.S. Value ETF	0.04%	26.18B	Jul 2000	FDL vs IUSV
ILCV	iShares Morningstar Value ETF	0.04%	1.38B	Jun 2004	FDL vs ILCV
SCHV	Schwab U.S. Large-Cap Value ETF	0.04%	15.79B	Dec 2009	FDL vs SCHV
VTV	Vanguard Value ETF	0.04%	245.00B	Jan 2004	FDL vs VTV

Best Risk-Adjusted Alternatives to FDL

FDL has a PortfoliosLab risk / return rank of 72. There are 64 ETFs in the Large Cap Value Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
VLUE	iShares MSCI USA Value Factor ETF	96	14.76B	Apr 2013	FDL vs VLUE
SEIV	SEI Enhanced US Large Cap Value Factor ETF	93	956.28M	May 2022	FDL vs SEIV
AVLV	Avantis U.S. Large Cap Value ETF	92	12.01B	Sep 2021	FDL vs AVLV
PWV	Invesco Dynamic Large Cap Value ETF	92	1.53B	Mar 2005	FDL vs PWV
FNDX	Schwab Fundamental U.S. Large Company Index ETF	90	26.73B	Aug 2013	FDL vs FNDX

Top Performing FDL Alternatives (YTD)

FDL is at 12.30% YTD. There are 53 ETFs in the Large Cap Value Equities category with higher YTD returns, going as high as 44.95%.

Symbol	Name	YTD Return	AUM	Inception
VLUE	iShares MSCI USA Value Factor ETF	44.95%	14.76B	Apr 2013	FDL vs VLUE
CBSE	Clough Select Equity ETF	27.58%	55.44M	Nov 2020	FDL vs CBSE
ELCV	Eventide High Dividend ETF	22.93%	150.61M	Sep 2024	FDL vs ELCV
AVLV	Avantis U.S. Large Cap Value ETF	20.53%	12.01B	Sep 2021	FDL vs AVLV
ROE	Astoria US Equal Weight Quality Kings ETF	19.16%	164.26M	Jul 2023	FDL vs ROE

Lowest Volatility Alternatives to FDL

FDL has 11.55% 1-year volatility. There are 75 ETFs in the Large Cap Value Equities category with lower 1-year volatility, going as low as 8.93%.

Symbol	Name	Volatility 1Y	AUM	Inception
MDLV	Morgan Dempsey Large Cap Value ETF	8.93%	32.39M	Apr 2023	FDL vs MDLV
ABEQ	Absolute Select Value ETF	8.94%	141.50M	Jan 2020	FDL vs ABEQ
DLN	WisdomTree U.S. LargeCap Dividend Fund	9.01%	6.12B	Jun 2006	FDL vs DLN
BGIG	Bahl & Gaynor Income Growth ETF	9.03%	342.03M	Sep 2023	FDL vs BGIG
DTD	WisdomTree U.S. Total Dividend Fund	9.39%	1.61B	Jun 2006	FDL vs DTD

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%	1.53B	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%	48.54M	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%	1.30B	May 2007	FDL vs FTA

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	17	17.49%	13.59B	Jul 2015	FDL vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	65	23.03%	11.60B	Nov 2009	FDL vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	5	-6.42%	136.58M	Feb 2012	FDL vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	82	32.79%	11.14B	Mar 2014	FDL vs AIRR
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	17	-8.71%	543.16M	Mar 2021	FDL vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	96	109.64%	2.89B	Sep 2016	FDL vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	49	18.03%	4.90B	Aug 2012	FDL vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	79	35.74%	880.41M	Feb 2007	FDL vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	30	5.77%	3.32B	Mar 2018	FDL vs KNG
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	18	3.41%	784.37M	Feb 2018	FDL vs ROBT

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	77	16.62%	99.95B	Oct 2011	FDL vs SCHD
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	66	8.46%	9.77B	Sep 2016	FDL vs FDVV
VYM	Vanguard High Dividend Yield ETF	Dividend	77	11.42%	96.10B	Nov 2006	FDL vs VYM
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ...	S&P 500, Dividend	50	12.86%	7.30B	Oct 2015	FDL vs SPYD
LVHD	Franklin U.S. Low Volatility High Dividend Index E...	Dividend	44	11.18%	588.56M	Dec 2015	FDL vs LVHD
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	30	8.15%	3.27B	Oct 2012	FDL vs SPHD
VOO	Vanguard S&P 500 ETF	S&P 500	60	8.08%	1.70T	Sep 2010	FDL vs VOO
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	26	1.33%	44.26B	May 2020	FDL vs JEPI
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	Dividend, S&P 500, Large Cap Value Equities	30	6.93%	11.27B	Oct 2013	FDL vs NOBL
ONEQ	Fidelity Nasdaq Composite Index ETF	Large Cap Growth Equities	54	10.51%	10.92B	Sep 2003	FDL vs ONEQ
HDV	iShares Core High Dividend ETF	Dividend, Large Cap Value Equities	74	13.95%	14.51B	Mar 2011	FDL vs HDV
CGDV	Capital Group Dividend Value ETF	Large Cap Value Equities, Dividend	72	11.43%	36.32B	Feb 2022	FDL vs CGDV
MEDI	Harbor Health Care ETF	Health & Biotech Equities	28	1.38%	39.75M	Nov 2022	FDL vs MEDI
UDI	USCF ESG Dividend Income Fund	Large Cap Value Equities	79	11.38%	6.79M	Jun 2022	FDL vs UDI
AHR	American Healthcare REIT, Inc.		83	7.03%	—	—	FDL vs AHR
BEEZ	Honeytree U.S. Equity ETF	Large Cap Blend Equities	11	0.41%	6.02M	Nov 2023	FDL vs BEEZ
CSMD	Congress SMID Growth ETF	Mid Cap Growth Equities	22	12.30%	478.77M	Aug 2023	FDL vs CSMD
EDIV	SPDR S&P Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	26	5.31%	1.28B	Feb 2011	FDL vs EDIV
FDTS	First Trust Developed Markets ex-US Small Cap Alph...	Foreign Small & Mid Cap Equities	62	12.11%	13.65M	Feb 2012	FDL vs FDTS
CPZ	Calamos Long/Short Equity & Dynamic Income Term Tr...		15	-7.35%	—	—	FDL vs CPZ

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