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DIVPvsFDLETF Comparison

ETF 1
DIVP

Cullen Enhanced Equity Income ETF

This fund is part of
Options Strategies
-0.36%
VS
ETF 2
FDL

First Trust Morningstar Dividend Leaders Index Fund ETF

This fund is part of
US High Dividend
-0.08%

Cullen Enhanced Equity Income ETF (DIVP) belongs to the Options Strategies segment. First Trust Morningstar Dividend Leaders Index Fund ETF (FDL) is part of the US High Dividend segment. DIVP's top 3 sector exposures are Health Care, Financials and Energy. In contrast, FDL's top sector exposures are Energy, Health Care and Financials. DIVP is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.43% for FDL. DIVP is up 9.11% year-to-date (YTD) with +$11M in YTD flows. FDL performs better with 14.24% YTD performance, and +$531M in YTD flows. Run a side-by-side ETF comparison of DIVP and FDL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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DIVP vs FDL performance and flow charts

Performance

0.01.02.03.04.05.0%May 15May 22May 29Jun 5Jun 12

Cumulative Flows

0 M20 M40 M60 M80 MMay 15May 22May 29Jun 5Jun 12

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Historic performance and flows
Data as of 06/15/2026
1M3MYTD1Y3Y5Y
Perf.
DIVP
FDL
+3.71%+0.22%
+4.93%+1.29%
+9.11%+14.24%
+13.90%+23.58%
n/a+64.17%
n/a+80.94%
Flows
DIVP
FDL
-$6K+$78M
+$10M+$322M
+$11M+$531M
+$30M+$900M
--$56M
-+$4.11B
Volatility and drawdown
3M1Y3Y5Y
Volatility
DIVP
FDL
+9.69%+10.57%
+9.98%+11.36%
n/a+13.08%
n/a+14.49%
Max drawdown
DIVP
FDL
-2.40%-3.45%
-6.42%-4.27%
n/a-12.15%
n/a-16.51%
Max drawdown duration
DIVP
FDL
16d51d
112d94d
n/a121d
n/a246d
Trading data

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DIVP
FDL
Last sale
6/17/2026 at 5:55 PM
$26.83
$49.77
Previous close
06/16/2026
$27.01
$50.25
Consolidated volume
06/16/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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DIVP
is actively managed and doesn’t replicate an index

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DIVP
FDL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/17/2026 at 5:55 PM
Live
Closed
DIVP
FDL
Last price
$26.83
$49.77
1D performance
-0.67%
-0.96%
AuM$53.95 M$7.47 B
E/R0.55%0.43%
Characteristics
DIVP
FDL
Management strategyActivePassive
ProviderCullen Capital ManagementFirst Trust
Benchmark-Morningstar Dividend Leaders Index
N° of holdings3483
Asset class-Equities
Trailing 12m distribution yield
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Inception dateMarch 7, 2024March 9, 2006
ESGNoNo
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Exposure

Countries

DIVP
USA
91.43%
Other
8.57%
FDL
USA
98.31%
Other
1.69%

Sectors

DIVP
Health Care
17.58%
Financials
16.31%
Energy
11.53%
Industrials
9.09%
Consumer Staples
8.87%
Information Techn.
8.2%
Other
28.42%
FDL
Energy
27.05%
Health Care
16.79%
Financials
14.94%
Consumer Staples
13.39%
Communication Ser.
10.52%
Other
17.31%

Diversification

DIVP

Total weight of top 15 holdings out of 15

52.83%
FDL

Total weight of top 15 holdings out of 15

67.31%

Top 15 holdings

Data as of April 30, 2026
DIVP
MERCK & CO INC
4.30%
CONOCOPHILLIPS
4.20%
CISCO-T
4.00%
EOG RESOURCES
3.95%
BRISTOL-MYERS SQUIBB
3.66%
UNITEDHEALTH GRP
3.65%
TRUIST FINANCIAL CORP
3.47%
MEDTRONIC PLC
3.44%
EXXON
3.38%
VICI PROPERTIES INC
3.30%
PPL
3.29%
DUKE ENERGY
3.22%
CITIGROUP
2.99%
KEURIG DR PEPPER INC
2.99%
VERIZON COMMUNICATIONS
2.99%
FDL
EXXON
10.07%
CHEVRON TEXACO
8.51%
VERIZON COMMUNICATIONS
7.13%
PFIZER
6.15%
MERCK & CO INC
5.20%
ALTRIA GROUP
5.09%
PEPSICO U
4.88%
UNITED PARCEL SERVICE-CL
3.35%
BRISTOL-MYERS SQUIBB
3.17%
CONOCOPHILLIPS
2.81%
COMCAST
2.70%
CVS HEALTH CORP
2.27%
US
2.24%
PNC FINL SVC
1.90%
TRUIST FINANCIAL CORP
1.84%
Frequently asked questions about DIVP and FDL

How have the DIVP and FDL ETFs performed in 2026?

As of June 15, 2026, DIVP is up 9.11% year-to-date (YTD), while FDL has returned 14.24%. That puts FDL better performer ahead so far this year.

Which ETF is attracting more investor money: DIVP or FDL?

Year-to-date, the DIVP ETF saw +$11M in flows, compared to +$531M for FDL.

Which ETF is more volatile: DIVP or FDL?

Over the past year, DIVP had a volatility of 9.98%, while FDL experienced 11.36%.

Which ETF is bigger: DIVP or FDL?

As of June 15, 2026, DIVP holds $53.95 M in assets under management (AUM), while FDL manages $7.47 B.

What sectors do the DIVP and FDL ETFs invest in?

DIVP leans toward sectors like Health Care, Financials and Energy. Meanwhile, FDL focuses on Energy, Health Care and Financials.

What are the top holdings of the DIVP ETF and FDL ETF?

DIVP top holdings include MERCK & CO INC, CONOCOPHILLIPS and CISCO-T. FDL holds in its top three: EXXON, CHEVRON TEXACO and VERIZON COMMUNICATIONS.

Which ETF is more diversified: DIVP or FDL?

DIVP holds 34 securities with 52.83% of its assets in the top 15. FDL has 86 securities and a top 15 weight of 67.31%.

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