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 0.45% annually. There are 75 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%	35.22B	Sep 2000	FDL vs SPYV
SCHV	Schwab U.S. Large-Cap Value ETF	0.04%	15.54B	Dec 2009	FDL vs SCHV
VTV	Vanguard Value ETF	0.04%	238.00B	Jan 2004	FDL vs VTV
IUSV	iShares Core S&P U.S. Value ETF	0.04%	26.12B	Jul 2000	FDL vs IUSV
ILCV	iShares Morningstar Value ETF	0.04%	1.27B	Jun 2004	FDL vs ILCV

Best Risk-Adjusted Alternatives to FDL

FDL has a PortfoliosLab risk / return rank of 70. There are 58 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 Edge MSCI USA Value Factor ETF	97	15.87B	Apr 2013	FDL vs VLUE
SEIV	SEI Enhanced US Large Cap Value Factor ETF	93	956.28M	May 2022	FDL vs SEIV
LSVD	LSV Disciplined Value ETF	92	617.15M	Dec 2024	FDL vs LSVD
AVLV	Avantis U.S. Large Cap Value ETF	91	12.01B	Sep 2021	FDL vs AVLV
FNDX	Schwab Fundamental U.S. Large Company Index ETF	90	25.47B	Aug 2013	FDL vs FNDX

Top Performing FDL Alternatives (YTD)

FDL is at 13.33% YTD. There are 30 ETFs in the Large Cap Value Equities category with higher YTD returns, going as high as 49.00%.

Symbol	Name	YTD Return	AUM	Inception
VLUE	iShares Edge MSCI USA Value Factor ETF	49.00%	15.87B	Apr 2013	FDL vs VLUE
CBSE	Clough Select Equity ETF	32.18%	52.30M	Nov 2020	FDL vs CBSE
ELCV	Eventide High Dividend ETF	21.38%	150.61M	Sep 2024	FDL vs ELCV
ROE	Astoria US Equal Weight Quality Kings ETF	20.98%	164.26M	Jul 2023	FDL vs ROE
AVLV	Avantis U.S. Large Cap Value ETF	20.64%	12.01B	Sep 2021	FDL vs AVLV

Lowest Volatility Alternatives to FDL

FDL has 11.28% 1-year volatility. There are 72 ETFs in the Large Cap Value Equities category with lower 1-year volatility, going as low as 8.76%.

Symbol	Name	Volatility 1Y	AUM	Inception
MDLV	Morgan Dempsey Large Cap Value ETF	8.76%	32.39M	Apr 2023	FDL vs MDLV
FUNL	CornerCap Fundametrics Large-Cap ETF FUNL	8.82%	212.00M	Aug 2020	FDL vs FUNL
ABEQ	Absolute Select Value ETF	8.91%	140.50M	Jan 2020	FDL vs ABEQ
BGIG	Bahl & Gaynor Income Growth ETF	9.00%	342.03M	Sep 2023	FDL vs BGIG
DIVZ	Opal Dividend Income ETF	9.28%	247.48M	Jan 2021	FDL vs DIVZ

Lowest Drawdown Alternatives to FDL

FDL has a 1-year max drawdown of -4.27%. There are 2 ETFs in the Large Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -3.83%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FUNL	CornerCap Fundametrics Large-Cap ETF FUNL	-3.83%	212.00M	Aug 2020	FDL vs FUNL
PWV	Invesco Dynamic Large Cap Value ETF	-4.05%	1.50B	Mar 2005	FDL vs PWV
MDLV	Morgan Dempsey Large Cap Value ETF	-4.27%	32.39M	Apr 2023	FDL vs MDLV
GCOW	Pacer Global Cash Cows Dividend ETF	-4.77%	3.35B	Feb 2016	FDL vs GCOW
VMAX	Hartford US Value ETF	-4.93%	46.97M	Dec 2023	FDL vs VMAX

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 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	Technology Equities, Cybersecurity	26	28.52%	13.68B	Jul 2015	FDL vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	79	28.91%	11.29B	Nov 2009	FDL vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	3	-9.70%	133.88M	Feb 2012	FDL vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	78	31.77%	10.62B	Mar 2014	FDL vs AIRR
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	28	1.69%	591.41M	Mar 2021	FDL vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	115.70%	2.52B	Sep 2016	FDL vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	83	30.57%	4.66B	Aug 2012	FDL vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	20	2.20%	3.28B	Mar 2018	FDL vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	89	52.94%	895.30M	Feb 2007	FDL vs QCLN
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	32	14.22%	763.61M	Feb 2018	FDL vs ROBT

Often Compared With FDL

Investors most often compare FDL with SCHD, FDVV, VYM. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	FDL vs SCHD
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	64	8.39%	9.18B	Sep 2016	FDL vs FDVV
VYM	Vanguard High Dividend Yield ETF	Dividend	77	12.47%	94.60B	Nov 2006	FDL vs VYM
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ...	S&P 500, Dividend	41	10.34%	7.30B	Oct 2015	FDL vs SPYD
LVHD	Legg Mason Low Volatility High Dividend ETF	Volatility Hedged Equity, Dividend	28	6.72%	581.01M	Dec 2015	FDL vs LVHD
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	FDL vs VOO
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	21	4.38%	3.23B	Oct 2012	FDL vs SPHD
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	26	0.15%	44.59B	May 2020	FDL vs JEPI
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	Dividend, S&P 500, Large Cap Value Equities	22	3.51%	11.07B	Oct 2013	FDL vs NOBL
ONEQ	Fidelity Nasdaq Composite Index ETF	Large Cap Growth Equities	68	16.16%	10.01B	Sep 2003	FDL vs ONEQ
HDV	iShares Core High Dividend ETF	Dividend, Large Cap Value Equities	64	12.69%	13.41B	Mar 2011	FDL vs HDV
CGDV	Capital Group Dividend Value ETF	Large Cap Value Equities, Dividend	76	11.89%	35.12B	Feb 2022	FDL vs CGDV
UDI	USCF ESG Dividend Income Fund	Large Cap Value Equities	70	9.46%	6.79M	Jun 2022	FDL vs UDI
MEDI	Harbor Health Care ETF	Health & Biotech Equities	26	-4.02%	37.13M	Nov 2022	FDL vs MEDI
AHR	American Healthcare REIT, Inc.		81	-0.47%	—	—	FDL vs AHR
BEEZ	Honeytree U.S. Equity ETF	Large Cap Blend Equities	12	0.73%	6.02M	Nov 2023	FDL vs BEEZ
CSMD	Congress SMID Growth ETF	Mid Cap Growth Equities	24	10.72%	456.71M	Aug 2023	FDL vs CSMD
EDIV	SPDR S&P Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	30	6.42%	1.25B	Feb 2011	FDL vs EDIV
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	Mid Cap Growth Equities	45	1.44%	6.67M	Oct 2021	FDL vs QQJG
FDTS	First Trust Developed Markets ex-US Small Cap Alph...	Foreign Small & Mid Cap Equities	76	16.64%	13.97M	Feb 2012	FDL vs FDTS

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