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SCHDvsFDLETF Comparison
First Trust Morningstar Dividend Leaders Index Fund ETF
Schwab U.S. Dividend Equity ETF (SCHD) and First Trust Morningstar Dividend Leaders Index Fund ETF (FDL) belong to the same industry segment: US High Dividend. SCHD's top 3 sector exposures are Energy, Consumer Staples and Health Care. In contrast, FDL's top sector exposures are Energy, Health Care and Financials. SCHD is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.43% for FDL. SCHD is up 12.26% year-to-date (YTD) with +$3.31B in YTD flows. FDL performs better with 12.33% YTD performance, and +$209M in YTD flows. Run a side-by-side ETF comparison of SCHD 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.
SCHD vs FDL performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCHD FDL | -1.68%-1.66% | +11.23%+12.23% | +12.26%+12.33% | +16.64%+22.06% | +45.65%+64.98% | +51.96%+88.04% |
| Flows | SCHD FDL | +$1.76B+$165M | +$3.94B+$233M | +$3.31B+$209M | +$6.58B+$986M | +$22.52B+$265M | +$48.98B+$3.82B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCHD FDL | +11.65%+11.88% | +15.94%+14.88% | +13.36%+13.53% | +14.49%+14.52% |
| Max drawdown | SCHD FDL | -3.34%-2.98% | -12.96%-11.94% | -16.07%-12.15% | -16.85%-16.51% |
| Max drawdown duration | SCHD FDL | 10d10d | 143d92d | 402d121d | 714d246d |
SCHD | FDL | |
Last sale 3/13/2026 at 3:50 PM | $30.85 | $50.02 |
| Previous close 03/12/2026 | $30.82 | $49.80 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
SCHD | FDL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
SCHD | FDL | |
|---|---|---|
| Last price | $30.85 | $50.02 |
| 1D performance | +0.08% | +0.44% |
| AuM | $83.72 B | $7.09 B |
| E/R | 0.06% | 0.43% |
SCHD | FDL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | First Trust |
| Benchmark | Dow Jones U.S. Dividend 100 Index | Morningstar Dividend Leaders Index |
| N° of holdings | 98 | 83 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 20, 2011 | March 9, 2006 |
| 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 SCHD and FDL ETFs performed in 2026?
As of March 12, 2026, SCHD is up 12.26% year-to-date (YTD), while FDL has returned 12.33%. That puts FDL better performer ahead so far this year.
Which ETF is attracting more investor money: SCHD or FDL?
Year-to-date, the SCHD ETF saw +$3.31B in flows, compared to +$209M for FDL.
Which ETF is more volatile: SCHD or FDL?
Over the past year, SCHD had a volatility of 15.94%, while FDL experienced 14.88%.
Which ETF is bigger: SCHD or FDL?
As of March 12, 2026, SCHD holds $83.72 B in assets under management (AUM), while FDL manages $7.09 B.
What sectors do the SCHD and FDL ETFs invest in?
SCHD leans toward sectors like Energy, Consumer Staples and Health Care. Meanwhile, FDL focuses on Energy, Health Care and Financials.
What are the top holdings of the SCHD ETF and FDL ETF?
SCHD top holdings include LOCKHEED MARTIN, CHEVRON TEXACO and HOME DEPOT. FDL holds in its top three: EXXON, CHEVRON TEXACO and VERIZON COMMUNICATIONS.
Which ETF is more diversified: SCHD or FDL?
SCHD holds 98 securities with 58.92% of its assets in the top 15. FDL has 85 securities and a top 15 weight of 68.94%.
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