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DIVPvsFDLETF Comparison

ETF 1

DIVP

Cullen Enhanced Equity Income ETF

This fund is part of

Options Strategies

-0.03%

Full DIVP fund page

VS

ETF 2

FDL

First Trust Morningstar Dividend Leaders Index Fund ETF

This fund is part of

US High Dividend

+0.02%

Full FDL fund page

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 5.31% year-to-date (YTD) with +$5M in YTD flows. FDL performs better with 13.2% YTD performance, and +$428M 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

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DIVP FDL	+2.26%-1.54%	+2.64%+7.74%	+5.31%+13.20%	+13.73%+26.87%	n/a+58.23%	n/a+81.16%
Flows	DIVP FDL	+$4M+$161M	+$3M+$419M	+$5M+$428M	+$26M+$857M	-+$498M	-+$4.01B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DIVP FDL	+10.46%+11.43%	+10.35%+11.54%	n/a+13.31%	n/a+14.51%
Max drawdown	DIVP FDL	-6.42%-3.57%	-6.42%-4.27%	n/a-12.15%	n/a-16.51%
Max drawdown duration	DIVP FDL	76d57d	76d94d	n/a121d	n/a246d

Trading data

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	DIVP	FDL
Last sale 4/29/2026 at 1:30 PM	$26.12	$49.96
Previous close 04/29/2026	$26.25	$49.78
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	DIVP	FDL
Last price	$26.12	$49.96
1D performance	-0.50%	+0.36%
AuM	$46.63 M	$7.30 B
E/R	0.55%	0.43%

Characteristics

	DIVP	FDL
Management strategy	Active	Passive
Provider	Cullen Capital Management	First Trust
Benchmark	-	Morningstar Dividend Leaders Index
N° of holdings	34	83
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 7, 2024	March 9, 2006
ESG	No	No

More DIVP data on Trackinsight

More FDL data on Trackinsight

Exposure

Countries

DIVP

USA

91.45%

Other

8.55%

FDL

USA

98.07%

Other

1.93%

Sectors

DIVP

Health Care

17.61%

Financials

15.68%

Energy

12.55%

Industrials

9.12%

Consumer Staples

8.51%

Communication Ser.

8.4%

Other

28.13%

FDL

Energy

27.92%

Health Care

17.6%

Financials

13.9%

Consumer Staples

12.83%

Communication Ser.

10.76%

Other

16.99%

Diversification

DIVP

Total weight of top 15 holdings out of 15

54.24%

FDL

Total weight of top 15 holdings out of 15

67.94%

Top 15 holdings

Data as of March 31, 2026

DIVP

MERCK & CO INC

4.73%

CONOCOPHILLIPS

4.49%

EOG RESOURCES

4.23%

CISCO-T

3.87%

BRISTOL-MYERS SQUIBB

3.83%

EXXON

3.83%

MEDTRONIC PLC

3.66%

PPL

3.54%

COMCAST

3.48%

DUKE ENERGY

3.32%

CITIGROUP

3.18%

VICI PROPERTIES INC

3.16%

TRUIST FINANCIAL CORP

3.13%

ALTRIA GROUP

2.91%

HEALTHPEAK PROPERTIES INC

2.88%

FDL

EXXON

10.59%

CHEVRON TEXACO

8.80%

VERIZON COMMUNICATIONS

7.31%

PFIZER

6.66%

MERCK & CO INC

5.59%

PEPSICO U

4.79%

ALTRIA GROUP

4.47%

BRISTOL-MYERS SQUIBB

3.35%

UNITED PARCEL SERVICE-CL

3.05%

CONOCOPHILLIPS

2.92%

COMCAST

2.78%

US

2.10%

CVS HEALTH CORP

2.00%

PNC FINL SVC

1.80%

ONEOK

1.73%

Frequently asked questions about DIVP and FDL

How have the DIVP and FDL ETFs performed in 2026?

As of April 28, 2026, DIVP is up 5.31% year-to-date (YTD), while FDL has returned 13.2%. 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 +$5M in flows, compared to +$428M for FDL.

Which ETF is more volatile: DIVP or FDL?

Over the past year, DIVP had a volatility of 10.35%, while FDL experienced 11.54%.

Which ETF is bigger: DIVP or FDL?

As of April 28, 2026, DIVP holds $46.63 M in assets under management (AUM), while FDL manages $7.30 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 EOG RESOURCES. FDL holds in its top three: EXXON, CHEVRON TEXACO and VERIZON COMMUNICATIONS.

DIVPvsFDLETF Comparison

Cullen Enhanced Equity Income ETF

First Trust Morningstar Dividend Leaders Index Fund ETF

DIVP vs FDL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the DIVP and FDL ETFs performed in 2026?

As of April 28, 2026, DIVP is up 5.31% year-to-date (YTD), while FDL has returned 13.2%. 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 +$5M in flows, compared to +$428M for FDL.

Which ETF is more volatile: DIVP or FDL?

Over the past year, DIVP had a volatility of 10.35%, while FDL experienced 11.54%.

Which ETF is bigger: DIVP or FDL?

As of April 28, 2026, DIVP holds $46.63 M in assets under management (AUM), while FDL manages $7.30 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 EOG RESOURCES. 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 54.24% of its assets in the top 15. FDL has 85 securities and a top 15 weight of 67.94%.

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