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 77 ETFs in the Large Cap Value Equities category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
ILCV	iShares Morningstar Value ETF	0.04%	1.32B	Jun 2004	FDL vs ILCV
SPYV	SPDR Portfolio S&P 500 Value ETF	0.04%	36.23B	Sep 2000	FDL vs SPYV
IUSV	iShares Core S&P U.S. Value ETF	0.04%	27.22B	Jul 2000	FDL vs IUSV
VTV	Vanguard Value ETF	0.04%	254.20B	Jan 2004	FDL vs VTV
SCHV	Schwab U.S. Large-Cap Value ETF	0.04%	15.73B	Dec 2009	FDL vs SCHV

Best Risk-Adjusted Alternatives to FDL

FDL has a PortfoliosLab risk / return rank of 92. There are 41 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	9.07B	Apr 2013	FDL vs VLUE
PWV	Invesco Large Cap Value ETF	97	1.72B	Mar 2005	FDL vs PWV
SEIV	SEI QiM U.S. Large Cap Value Active ETF	96	956.28M	May 2022	FDL vs SEIV
IWX	iShares Russell Top 200 Value ETF	96	3.98B	Sep 2009	FDL vs IWX
VFLO	VictoryShares Free Cash Flow ETF	96	9.18B	Jun 2023	FDL vs VFLO

Top Performing FDL Alternatives (YTD)

FDL is at 18.62% YTD. There are 36 ETFs in the Large Cap Value Equities category with higher YTD returns, going as high as 42.20%.

Symbol	Name	YTD Return	AUM	Inception
VLUE	iShares MSCI USA Value Factor ETF	42.20%	9.07B	Apr 2013	FDL vs VLUE
VFLO	VictoryShares Free Cash Flow ETF	27.47%	9.18B	Jun 2023	FDL vs VFLO
DIVB	iShares Core Dividend ETF	25.86%	1.71B	Nov 2017	FDL vs DIVB
SMRI	Bushido Capital US Equity ETF	23.66%	479.57M	Sep 2023	FDL vs SMRI
AVLV	Avantis U.S. Large Cap Value ETF	23.60%	17.85B	Sep 2021	FDL vs AVLV

Lowest Volatility Alternatives to FDL

FDL has 11.89% 1-year volatility. There are 86 ETFs in the Large Cap Value Equities category with lower 1-year volatility, going as low as 4.03%.

Symbol	Name	Volatility 1Y	AUM	Inception
KWIN	KraneShares Wahed Alternative Income Index ETF	4.03%	60.32M	Oct 2025	FDL vs KWIN
INCE	Franklin Income Equity Focus ETF	8.40%	135.67M	Sep 2016	FDL vs INCE
BGIG	Bahl & Gaynor Income Growth ETF	8.91%	342.03M	Sep 2023	FDL vs BGIG
DLN	WisdomTree U.S. LargeCap Dividend Fund	8.99%	6.25B	Jun 2006	FDL vs DLN
ABEQ	Absolute Select Value ETF	9.12%	143.00M	Jan 2020	FDL vs ABEQ

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 Large Cap Value ETF	-4.05%	1.72B	Mar 2005	FDL vs PWV
MDLV	Morgan Dempsey Large Cap Value ETF	-4.27%	32.39M	Apr 2023	FDL vs MDLV
INCE	Franklin Income Equity Focus ETF	-4.90%	135.67M	Sep 2016	FDL vs INCE
VMAX	Hartford US Value ETF	-4.93%	49.18M	Dec 2023	FDL vs VMAX
FTA	First Trust Large Cap Value AlphaDEX Fund	-5.13%	1.40B	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 16 categories. AUM among these funds goes as high as $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	44	31.78%	14.31B	Jul 2015	FDL vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Infrastructure Equities, Alternative Energy Equities, Energy Equities	53	19.50%	11.67B	Nov 2009	FDL vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	63	22.38%	10.18B	Mar 2014	FDL vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	9	-5.08%	118.19M	Feb 2012	FDL vs NFTY
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	23	-6.86%	514.13M	Mar 2021	FDL vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	91	68.79%	1.27B	Sep 2016	FDL vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	49	16.55%	4.18B	Aug 2012	FDL vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities, Energy Equities	42	13.15%	586.61M	Feb 2007	FDL vs QCLN
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	88	18.21%	24.89B	Jan 2014	FDL vs RDVY
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	47	9.32%	3.53B	Mar 2018	FDL vs KNG

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	95	24.36%	104.16B	Oct 2011	FDL vs SCHD
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	82	13.00%	9.74B	Sep 2016	FDL vs FDVV
VYM	Vanguard High Dividend Yield ETF	Dividend	92	14.80%	96.20B	Nov 2006	FDL vs VYM
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ...	S&P 500, Dividend	81	17.73%	8.75B	Oct 2015	FDL vs SPYD
LVHD	Franklin U.S. Low Volatility High Dividend Index E...	Dividend, Low Volatility	58	13.57%	630.71M	Dec 2015	FDL vs LVHD
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Low Volatility	55	12.76%	4.04B	Oct 2012	FDL vs SPHD
VOO	Vanguard S&P 500 ETF	S&P 500	78	11.72%	1.70T	Sep 2010	FDL vs VOO
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	56	5.04%	45.80B	May 2020	FDL vs JEPI
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	Dividend, S&P 500, Large Cap Value Equities	51	11.50%	11.68B	Oct 2013	FDL vs NOBL
ONEQ	Fidelity Nasdaq Composite Index ETF	Large Cap Growth Equities	60	12.39%	10.69B	Sep 2003	FDL vs ONEQ
HDV	iShares Core High Dividend ETF	Dividend, Large Cap Value Equities	91	19.66%	14.90B	Mar 2011	FDL vs HDV
CGDV	Capital Group Dividend Value ETF	Large Cap Value Equities, Dividend	85	15.82%	37.18B	Feb 2022	FDL vs CGDV
MEDI	Harbor Health Care ETF	Health & Biotech Equities	39	2.64%	41.21M	Nov 2022	FDL vs MEDI
UDI	USCF ESG Dividend Income Fund	Large Cap Value Equities	93	16.33%	3.50M	Jun 2022	FDL vs UDI
AHR	American Healthcare REIT, Inc.		88	18.32%	—	—	FDL vs AHR
CSMD	Congress SMID Growth ETF	Mid Cap Growth Equities	20	9.08%	454.81M	Aug 2023	FDL vs CSMD
BEEZ	Honeytree U.S. Equity ETF	Large Cap Blend Equities	26	5.96%	6.02M	Nov 2023	FDL vs BEEZ
EDIV	SPDR S&P Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	41	8.38%	1.21B	Feb 2011	FDL vs EDIV
FDTS	First Trust Developed Markets ex-US Small Cap Alph...	Foreign Small & Mid Cap Equities	65	13.53%	13.08M	Feb 2012	FDL vs FDTS
DIVO	Amplify CWP Enhanced Dividend Income ETF	Derivative Income	84	8.84%	7.58B	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