FDL vs PAYR
First Trust Morningstar Dividend Leaders Index Fund against Federated Hermes Enhanced Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
31%
22 shared positions
Fee gap
3 bp
PAYR is cheaper
1-year return gap
8.8 pts
FDL is ahead
Larger fund
FDL
$7.6B
Side by side
| FDL | PAYR | |
|---|---|---|
| Fund | First Trust Morningstar Dividend Leaders Index Fund | Federated Hermes Enhanced Income ETF |
| Issuer | First Trust | Federated Hermes |
| Category | Dividend Growth | Covered Call |
| Expense ratio | 0.43% | 0.40% |
| Assets | $7.6B | $57M |
| Average daily dollar volume | $33M | $930K |
| Listed | Mar 9, 2006 | Oct 7, 2025 |
| FrenzyCap score | 68 | 54 |
| 1-month return | −4.4% | −3.7% |
| 3-month return | −0.9% | −3.2% |
| Year to date | +12.3% | +4.6% |
| 1-year return | +15.2% | +6.3% |
| 30-day volatility | 10.8% | 8.9% |
| Worst drawdown, 1 year | −8.1% | −8.8% |
| Trailing 12-month yield | 3.89% | 8.22% |
| Holdings | 101 | 52 |
| Top 10 weight | 48.1% | 33.2% |
| Look-through P/E | 16.6 | 19.0 |
| Holdings vs fair value | +14.0% | +5.9% |
| Holdings above 200-day average | 40% | 32% |
| Net flow, latest 3 reported months | +$272M thru Jun 2026 | +$19M thru Jul 2026 |
| 30-day implied volatility | 29.2% | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
57% of FDL · 46% of PAYR| Holding | FDL | PAYR |
|---|---|---|
| VZ | 7.17% | 3.45% |
| PEP | 4.84% | 2.65% |
| PFE | 5.91% | 2.51% |
| MEDTRONIC PLC | 2.28% | 2.92% |
| USB | 2.27% | 4.15% |
| CVX | 7.43% | 2.11% |
| PM | 6.06% | 1.96% |
| DUK | 2.21% | 1.86% |
| MDLZ | 1.57% | 1.35% |
| KMB | 1.23% | 1.84% |
| TFC | 1.70% | 1.15% |
| MO | 4.64% | 1.14% |
| PAYX | 0.99% | 4.08% |
| AMCOR PLC | 0.89% | 2.33% |
| WEC | 0.84% | 2.19% |
| SO | 2.32% | 0.82% |
| ACCENTURE PLC | 1.84% | 0.74% |
| FE | 0.68% | 2.54% |
| RF | 0.59% | 2.34% |
| BBY | 0.49% | 1.22% |
| EVRG | 0.43% | 2.16% |
| MKC | 0.33% | 0.53% |
Sector mix of the stock holdings
| Sector | FDL | PAYR | Gap |
|---|---|---|---|
| Utilities | 18.8% | 16.4% | +2.4% |
| Consumer Staples | 21.6% | 12.2% | +9.4% |
| Financials | 13.5% | 12.3% | +1.2% |
| Health Care | 9.3% | 11.1% | −1.7% |
| Communication Services | 11.1% | 3.4% | +7.7% |
| Energy | 7.7% | 5.4% | +2.3% |
| Real Estate | 0.0% | 10.2% | −10.2% |
| Industrials | 5.8% | 4.1% | +1.7% |
| Materials | 3.0% | 1.8% | +1.2% |
| Consumer Discretionary | 2.2% | 2.4% | −0.2% |
| Technology | 0.9% | 1.8% | −0.9% |
More: full overlap table · FDL holdings · PAYR holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.