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PAYRvsFDLETF Comparison

ETF 1

PAYR

Federated Hermes Enhanced Income ETF

This fund is part of

Options Strategies

+0.04%

Full PAYR fund page

VS

ETF 2

FDL

First Trust Morningstar Dividend Leaders Index Fund ETF

This fund is part of

US High Dividend

+0.33%

Full FDL fund page

Federated Hermes Enhanced Income ETF (PAYR) belongs to the Options Strategies segment. First Trust Morningstar Dividend Leaders Index Fund ETF (FDL) is part of the US High Dividend segment. PAYR's top 3 sector exposures are Finance, Healthcare and Utilities. In contrast, FDL's top sector exposures are Consumer Non-Cyclicals, Utilities and Finance. PAYR is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.43% for FDL. PAYR is up 15.67% year-to-date (YTD) with +$43M in YTD flows. FDL performs better with 18.15% YTD performance, and +$640M in YTD flows. Run a side-by-side ETF comparison of PAYR 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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PAYR 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 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAYR FDL	+4.87%+5.20%	+6.51%+5.04%	+15.67%+18.15%	n/a+23.23%	n/a+64.43%	n/a+88.96%
Flows	PAYR FDL	+$15M+$65M	+$18M+$215M	+$43M+$640M	-+$991M	-+$1.30B	-+$4.19B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAYR FDL	+13.17%+13.20%	n/a+11.75%	n/a+13.17%	n/a+14.56%
Max drawdown	PAYR FDL	-3.41%-4.26%	n/a-4.27%	n/a-12.15%	n/a-16.51%
Max drawdown duration	PAYR FDL	17d31d	n/a94d	n/a121d	n/a246d

Trading data

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	PAYR	FDL
Last sale 7/28/2026 at 1:30 PM	$56.90	$52.51
Previous close 07/27/2026	$56.05	$51.74
Consolidated volume 07/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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PAYR

is actively managed and doesn’t replicate an index

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	PAYR	FDL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/28/2026 at 1:30 PM

Live

Closed

	PAYR	FDL
Last price	$56.90	$52.51
1D performance	+1.52%	+1.49%
AuM	$56.72 M	$7.75 B
E/R	0.74%	0.43%

Characteristics

	PAYR	FDL
Management strategy	Active	Passive
Provider	Federated Investment Management	First Trust
Benchmark	-	Morningstar Dividend Leaders Index
N° of holdings	48	99
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 7, 2025	March 9, 2006
ESG	No	No

More PAYR data on Trackinsight

More FDL data on Trackinsight

Exposure

Countries

PAYR

USA

67.49%

Other

32.51%

FDL

USA

93.83%

Other

6.17%

Sectors

PAYR

Finance

24.98%

Healthcare

14.45%

Utilities

14.43%

Consumer Non-Cycl.

13.52%

Energy

10.71%

Other

21.92%

FDL

Consumer Non-Cycl.

24.49%

Utilities

14.97%

Finance

14.4%

Healthcare

11.45%

Energy

11.18%

Telecommunication.

10.08%

Other

13.43%

Diversification

PAYR

Total weight of top 15 holdings out of 15

44.36%

FDL

Total weight of top 15 holdings out of 15

58.67%

Top 15 holdings

Data as of June 30, 2026

PAYR

U.S. Bancorp

3.96%

AbbVie, Inc.

3.45%

Paychex, Inc.

3.42%

Enbridge, Inc.

3.24%

British American Tobacco plc

3.11%

Kimco Realty Corp.

3.09%

TotalEnergies SE

2.93%

Sanofi

2.86%

Verizon Communications, Inc.

2.79%

TC Energy Corp.

2.78%

The PNC Financial Services Group, Inc.

2.76%

Prologis, Inc.

2.66%

Pfizer Inc.

2.50%

FirstEnergy Corp.

2.49%

WEC Energy Group, Inc.

2.32%

FDL

Chevron Corp.

7.38%

Verizon Communications, Inc.

7.07%

Philip Morris International, Inc.

5.92%

Pfizer Inc.

5.82%

PepsiCo, Inc.

5.01%

Altria Group, Inc.

4.58%

Bristol Myers Squibb Co.

3.34%

United Parcel Service, Inc.

3.19%

Comcast Corp.

3.01%

Blackstone, Inc.

2.33%

U.S. Bancorp

2.32%

The Southern Co.

2.29%

Medtronic Plc

2.29%

Duke Energy Corp.

2.19%

Accenture Plc

1.93%

Frequently asked questions about PAYR and FDL

How have the PAYR and FDL ETFs performed in 2026?

As of July 24, 2026, PAYR is up 15.67% year-to-date (YTD), while FDL has returned 18.15%. That puts FDL better performer ahead so far this year.

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

Year-to-date, the PAYR ETF saw +$43M in flows, compared to +$640M for FDL.

Which ETF is bigger: PAYR or FDL?

As of July 24, 2026, PAYR holds $56.72 M in assets under management (AUM), while FDL manages $7.75 B.

What sectors do the PAYR and FDL ETFs invest in?

PAYR leans toward sectors like Finance, Healthcare and Utilities. Meanwhile, FDL focuses on Consumer Non-Cyclicals, Utilities and Finance.

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

PAYR top holdings include U.S. Bancorp, AbbVie, Inc. and Paychex, Inc.. FDL holds in its top three: Chevron Corp., Verizon Communications, Inc. and Philip Morris International, Inc..

PAYRvsFDLETF Comparison

Federated Hermes Enhanced Income ETF

First Trust Morningstar Dividend Leaders Index Fund ETF

PAYR 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 PAYR and FDL ETFs performed in 2026?

As of July 24, 2026, PAYR is up 15.67% year-to-date (YTD), while FDL has returned 18.15%. That puts FDL better performer ahead so far this year.

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

Year-to-date, the PAYR ETF saw +$43M in flows, compared to +$640M for FDL.

Which ETF is bigger: PAYR or FDL?

As of July 24, 2026, PAYR holds $56.72 M in assets under management (AUM), while FDL manages $7.75 B.

What sectors do the PAYR and FDL ETFs invest in?

PAYR leans toward sectors like Finance, Healthcare and Utilities. Meanwhile, FDL focuses on Consumer Non-Cyclicals, Utilities and Finance.

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

PAYR top holdings include U.S. Bancorp, AbbVie, Inc. and Paychex, Inc.. FDL holds in its top three: Chevron Corp., Verizon Communications, Inc. and Philip Morris International, Inc..

Which ETF is more diversified: PAYR or FDL?

PAYR holds 50 securities with 44.36% of its assets in the top 15. FDL has 100 securities and a top 15 weight of 58.67%.

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