VS

Correlation: 88.4%

What is FDL?

FDL was created on 2006-03-09 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. FDL tracks a dividend-weighted index of US companies with consistent and sustained dividend payments. The fund holds roughly 100 securities and excludes REITs.

What is SPYV?

SPYV was created on 2000-09-25 by SPDR. The fund's investment portfolio concentrates primarily on large cap equity. SPYV tracks an index of large- and mid-cap value-style securities from the S&P 500.

Key Details

FDL
SPYV
Website
www.ftportfolios.com
us.spdrs.com
Inception Date

Mar 09, 2006

Sep 25, 2000

Asset Class

Equity

Equity

Investment Segment

High Dividend Yield

Large Cap

AUM
$4.92B
$22.91B
Dividend Yield
5.15%
2.35%
Expense Ratio
0.45%
0.04%
Return 1Y
6.71%
-5.11%

Holdings

Traded Fund III First Trust Morningstar Dividend Leaders Index Fund - FDL is made up of 95 holdings. SPDR Portfolio S&P 500 Value ETF - SPYV is made up of 399 holdings.

Name
Weight
V
VZVerizon Communications, Inc.

8.71%

C
CVXChevron Corp.

7.96%

A
ABBVAbbVie, Inc.

7.73%

P
PFEPfizer Inc.

6.59%

P
PMPhilip Morris International, Inc.

6.31%

M
MOAltria Group, Inc.

5.08%

I
IBMInternational Business Machines Corp.

4.26%

F
FFord Motor Co.

3.56%

U
UPSUnited Parcel Service, Inc.

3.07%

G
GILDGilead Sciences, Inc.

2.73%

D
DUKDuke Energy Corp.

2.49%

C
CVSCVS Health Corp.

2.48%

U
USBU.S. Bancorp

2.08%

T
TFCTruist Financial Corp.

1.79%

P
PNCThe PNC Financial Services Group, Inc.

1.72%

O
OKEONEOK, Inc.

1.67%

K
KMIKinder Morgan, Inc.

1.63%

A
AEPAmerican Electric Power Co., Inc.

1.52%

P
PRUPrudential Financial, Inc.

1.32%

E
EXCExelon Corp.

1.28%

K
KMBKimberly-Clark Corp.

1.21%

D
DOWDow, Inc.

1.17%

K
KHCThe Kraft Heinz Co.

1.05%

E
EIXEdison International

0.95%

X
XELXcel Energy, Inc.

0.94%

W
WECWEC Energy Group, Inc.

0.85%

L
LYBLyondellBasell Industries NV

0.84%

E
ESEversource Energy

0.78%

T
TROWT. Rowe Price Group, Inc.

0.74%

E
ETREntergy Corp.

0.73%

Name
Weight
A
AAPLApple, Inc.

6.86%

M
MSFTMicrosoft Corp.

5.95%

A
AMZNAmazon.com, Inc.

3.24%

U
UNHUnitedHealth Group, Inc.

2.25%

B
BRK.BBerkshire Hathaway, Inc.

2.14%

X
XOMExxon Mobil Corp.

2.09%

P
PGProcter & Gamble Co.

1.75%

J
JNJJohnson & Johnson

1.69%

K
KOThe Coca-Cola Co.

1.23%

J
JPMJPMorgan Chase & Co.

1.2%

B
BACBank of America Corp.

1.1%

C
CVXChevron Corp.

1.09%

C
CSCOCisco Systems, Inc.

1.01%

A
ABTAbbott Laboratories

1.01%

M
MCDMcDonald's Corp.

1%

M
MRKMerck & Co., Inc.

0.96%

W
WFCWells Fargo & Co.

0.95%

L
LINLinde Plc

0.95%

P
PEPPepsiCo, Inc.

0.92%

T
TAT&T, Inc.

0.9%

A
ABBVAbbVie, Inc.

0.89%

H
HDThe Home Depot, Inc.

0.89%

V
VZVerizon Communications, Inc.

0.84%

A
ACNAccenture Plc

0.83%

T
TMOThermo Fisher Scientific, Inc.

0.78%

D
DISThe Walt Disney Co.

0.7%

G
GSThe Goldman Sachs Group, Inc.

0.68%

Q
QCOMQUALCOMM, Inc.

0.67%

T
TXNTexas Instruments Incorporated

0.65%

A
AMDAdvanced Micro Devices, Inc.

0.63%

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Stock Correlation

The stocks that are correlated to FDL - Traded Fund III First Trust Morningstar Dividend Leaders Index Fund are ITW, PNC, BRK.B, FITB, L

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
I
ITWIllinois Tool Works Inc.
74.06%$65.05B-15.38%2.62%
P
PNCThe PNC Financial Services Group, Inc.
71.93%$60.47B-5.06%4.13%
B
BRK.BBerkshire Hathaway, Inc.
71.78%$1.06T+17.89%0.00%
F
FITBFifth Third Bancorp
70.33%$22.76B-5.81%4.22%
L
LLoews Corp.
69.93%$17.22B+6.35%0.30%
P
PFGPrincipal Financial Group, Inc.
68.31%$16.16B-15.33%4.02%
M
METMetLife, Inc.
67.75%$47.24B-6.02%3.07%
U
USBU.S. Bancorp
67.62%$57.33B-15.83%5.30%
P
PRUPrudential Financial, Inc.
67.42%$33.91B-17.06%5.35%
S
STTState Street Corp.
67.10%$22.01B-0.12%3.81%
B
BKHBlack Hills Corp.
66.91%$4.09B+4.02%4.52%
T
TFCTruist Financial Corp.
66.84%$45.87B-9.55%5.76%
B
BKThe Bank of New York Mellon Corp.
66.56%$53.19B+29.94%2.42%
R
RITMRithm Capital Corp.
66.30%$5.22B-8.74%9.84%
O
OLPOne Liberty Properties, Inc.
66.30%$513.34M+3.80%7.51%
L
LYBLyondellBasell Industries NV
66.29%$18.31B-45.49%9.69%
R
RFRegions Financial Corp.
66.02%$16.91B-8.43%5.22%
K
KIMKimco Realty Corp.
65.88%$12.99B+2.47%5.06%
O
ORIOld Republic International Corp.
65.68%$8.71B+21.37%2.99%
B
BACBank of America Corp.
65.26%$270.57B-5.12%2.83%

The stocks that are correlated to SPYV - SPDR Portfolio S&P 500 Value ETF are PNC, MET, ITW, PFG, PRU

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
P
PNCThe PNC Financial Services Group, Inc.
79.18%$60.47B-5.06%4.13%
M
METMetLife, Inc.
78.43%$47.24B-6.02%3.07%
I
ITWIllinois Tool Works Inc.
78.12%$65.05B-15.38%2.62%
P
PFGPrincipal Financial Group, Inc.
77.71%$16.16B-15.33%4.02%
P
PRUPrudential Financial, Inc.
77.55%$33.91B-17.06%5.35%
S
STTState Street Corp.
76.46%$22.01B-0.12%3.81%
U
USBU.S. Bancorp
75.92%$57.33B-15.83%5.30%
B
BLKBlackRock, Inc.
75.68%$126.92B+1.77%2.47%
B
BACBank of America Corp.
75.45%$270.57B-5.12%2.83%
F
FITBFifth Third Bancorp
75.16%$22.76B-5.81%4.22%
B
BNBrookfield Corp.
75.14%$68.79B+13.25%0.71%
A
APAMArtisan Partners Asset Management, Inc.
74.90%$2.43B-24.06%8.41%
B
BKThe Bank of New York Mellon Corp.
74.82%$53.19B+29.94%2.42%
G
GSThe Goldman Sachs Group, Inc.
74.69%$144.68B+13.39%2.47%
T
TFCTruist Financial Corp.
74.64%$45.87B-9.55%5.76%
R
RFRegions Financial Corp.
74.06%$16.91B-8.43%5.22%
H
HBANHuntington Bancshares, Inc.
74.01%$18.57B-9.28%4.78%
A
AVNTAvient Corp.
73.79%$2.73B-30.08%3.54%
B
BRK.BBerkshire Hathaway, Inc.
73.16%$1.06T+17.89%0.00%
I
ITTITT, Inc.
72.76%$9.26B-14.41%1.12%

ETF Correlation

The ETFs that are correlated to FDL - Traded Fund III First Trust Morningstar Dividend Leaders Index Fund are DHS, CDC, SCHD, SDOG, SPYD

Name
Correlation
AUM
Expense Ratio
D
DHSWisdomTree U.S. High Dividend Fund
96.22%$1.15B0.38%
C
CDCVictoryShares US EQ Income Enhanced Volatility Wtd ETF
94.39%$713.59M0.42%
S
SCHDSchwab US Dividend Equity ETF
94.20%$64.59B0.06%
S
SDOGALPS Sector Dividend Dogs ETF
93.79%$1.10B0.36%
S
SPYDSPDR Portfolio S&P 500 High Dividend ETF
93.63%$6.34B0.07%
S
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
93.09%$3.28B0.3%
H
HDViShares Core High Dividend ETF
93.00%$10.65B0.08%
D
DVYiShares Select Dividend ETF
92.97%$18.21B0.38%
S
SDYSPDR Dividend ETF
90.63%$18.62B0.35%
R
RDIVTraded Fund Trust II Invesco S&P Ultra Dividend Revenue ETF
90.26%$707.14M0.39%
F
FVDTraded Fund III First Trust Value Line Dividend Index Fund
90.23%$8.60B0.6%
P
PEYInvesco High Yield Equity Dividend Achievers ETF
89.95%$1.07B0.53%
L
LVHDFranklin U.S. Low Volatility High Dividend Index ETF
89.76%$515.93M0.27%
D
DIVBiShares Core Dividend ETF
88.94%$634.80M0.05%
F
FTATraded Fund III First Trust Large Capital Value AlphaDEX Fund
88.72%$1.01B0.6%
K
KNGTraded Fund IV FT Vest S&P 500 Dividend Aristocrats Target Income ETF
88.43%$3.47B0.75%
S
SPYVSPDR Portfolio S&P 500 Value ETF
88.39%$22.91B0.04%
N
NOBLProShares S&P 500 Dividend Aristocrats ETF
88.37%$10.89B0.35%
V
VOOVVanguard S&P 500 Value ETF
88.32%$4.76B0.07%
I
IVEiShares S&P 500 Value ETF
88.28%$33.80B0.18%

The ETFs that are correlated to SPYV - SPDR Portfolio S&P 500 Value ETF are IVE, VOOV, IUSV, IWD, SCHV

Name
Correlation
AUM
Expense Ratio
I
IVEiShares S&P 500 Value ETF
99.83%$33.80B0.18%
V
VOOVVanguard S&P 500 Value ETF
99.70%$4.76B0.07%
I
IUSViShares Core S&P U.S.Value ETF
99.69%$18.35B0.04%
I
IWDiShares Russell 1000 Value ETF
98.02%$56.17B0.19%
S
SCHVSchwab U.S. Large Cap Value ETF
98.01%$10.81B0.04%
V
VONVVanguard Russell 1000 Value Index ETF
97.96%$10.41B0.07%
D
DGROiShares Core Dividend Growth ETF
97.70%$27.84B0.08%
I
IWXiShares Russell Top 200 Value ETF
97.69%$2.81B0.2%
V
VTVVanguard Value ETF
97.45%$121.79B0.04%
P
PRFInvesco RAFI US 1000 ETF
97.36%$6.83B0.39%
D
DIVBiShares Core Dividend ETF
97.17%$634.80M0.05%
M
MGVVanguard Mega Cap Value ETF
96.92%$8.06B0.07%
F
FNDXSchwab Fundamental U.S. Large Company ETF
96.62%$15.62B0.25%
N
NULVNuveen ESG Large Cap Value ETF
96.39%$1.52B0.26%
V
VYMVanguard High Dividend Yield Indx ETF
96.27%$53.86B0.06%
D
DLNWisdomTree U.S. LargeCap Dividend Fund
96.17%$4.28B0.28%
D
DTDWisdomTree U.S. Total Dividend Fund
96.15%$1.22B0.28%
R
RSPInvesco S&P 500 Equal Weight ETF
95.97%$66.45B0.2%
R
RWLTraded Fund Trust II Invesco S&P 500 Revenue ETF
95.94%$4.74B0.39%
V
VOEVanguard Mid Cap Value ETF
95.91%$15.78B0.07%

Holding Overlap

FDL - Traded Fund III First Trust Morningstar Dividend Leaders Index Fund and SPYV - SPDR Portfolio S&P 500 Value ETF have a 50 holding overlap. Which accounts for a 10.5% overlap.

Number of overlapping holdings

50

% of overlapping holdings

10.5%

Name
Weight in FDL
Weight in SPYV
V
VZVerizon Communications Inc
8.71%0.84%
C
CVXChevron Corp.
7.96%1.09%
A
ABBVAbbvie Inc
7.73%0.89%
P
PFEPfizer Inc.
6.59%0.60%
P
PMPhilip Morris International Inc
6.31%0.50%
M
MOAltria Group Inc.
5.08%0.24%
F
FFord Motor Co.
3.56%0.17%
U
UPSUnited Parcel Service, Inc. - Ordinary Shares - Class B
3.07%0.33%
G
GILDGilead Sciences, Inc.
2.73%0.61%
D
DUKDuke Energy Corp.
2.49%0.42%

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