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FDLvsSCHDETF Comparison
First Trust Morningstar Dividend Leaders Index Fund ETF
First Trust Morningstar Dividend Leaders Index Fund ETF (FDL) and Schwab U.S. Dividend Equity ETF (SCHD) belong to the same industry segment: US High Dividend. FDL's top 3 sector exposures are Energy, Health Care and Financials. In contrast, SCHD's top sector exposures are Energy, Consumer Staples and Health Care. FDL is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.06% for SCHD. FDL is up 12.52% year-to-date (YTD) with +$206M in YTD flows. SCHD performs better with 13.02% YTD performance, and +$3.28B in YTD flows. Run a side-by-side ETF comparison of FDL and SCHD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FDL vs SCHD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDL SCHD | -2.36%-2.05% | +12.51%+12.03% | +12.52%+13.02% | +21.31%+16.22% | +65.25%+46.64% | +90.52%+54.48% |
| Flows | FDL SCHD | +$165M+$1.92B | +$233M+$3.94B | +$206M+$3.28B | +$1.05B+$6.68B | +$263M+$22.49B | +$3.82B+$49.00B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDL SCHD | +11.85%+11.52% | +14.91%+15.96% | +13.54%+13.36% | +14.52%+14.49% |
| Max drawdown | FDL SCHD | -2.98%-3.07% | -11.94%-12.96% | -12.15%-16.07% | -16.51%-16.85% |
| Max drawdown duration | FDL SCHD | 9d9d | 92d143d | 121d402d | 246d714d |
FDL | SCHD | |
Last sale 3/12/2026 at 1:30 PM | $49.80 | $30.82 |
| Previous close 03/11/2026 | $49.88 | $31.00 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FDL | SCHD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FDL | SCHD | |
|---|---|---|
| Last price | $49.80 | $30.82 |
| 1D performance | -0.16% | -0.58% |
| AuM | $7.10 B | $84.26 B |
| E/R | 0.43% | 0.06% |
FDL | SCHD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Schwab ETFs |
| Benchmark | Morningstar Dividend Leaders Index | Dow Jones U.S. Dividend 100 Index |
| N° of holdings | 83 | 98 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 9, 2006 | October 20, 2011 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FDL and SCHD ETFs performed in 2026?
As of March 11, 2026, FDL is up 12.52% year-to-date (YTD), while SCHD has returned 13.02%. That puts SCHD better performer ahead so far this year.
Which ETF is attracting more investor money: FDL or SCHD?
Year-to-date, the FDL ETF saw +$206M in flows, compared to +$3.28B for SCHD.
Which ETF is more volatile: FDL or SCHD?
Over the past year, FDL had a volatility of 14.91%, while SCHD experienced 15.96%.
Which ETF is bigger: FDL or SCHD?
As of March 11, 2026, FDL holds $7.10 B in assets under management (AUM), while SCHD manages $84.26 B.
What sectors do the FDL and SCHD ETFs invest in?
FDL leans toward sectors like Energy, Health Care and Financials. Meanwhile, SCHD focuses on Energy, Consumer Staples and Health Care.
What are the top holdings of the FDL ETF and SCHD ETF?
FDL top holdings include EXXON, CHEVRON TEXACO and VERIZON COMMUNICATIONS. SCHD holds in its top three: LOCKHEED MARTIN, CHEVRON TEXACO and HOME DEPOT.
Which ETF is more diversified: FDL or SCHD?
FDL holds 85 securities with 68.94% of its assets in the top 15. SCHD has 98 securities and a top 15 weight of 58.92%.
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