0412.HK vs. FDVV

Last updated Jun 5, 2026

0412.HK (SDHG) is a stock, while FDVV (Fidelity High Dividend ETF) is Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, 0412.HK returned -13.34%/yr vs 13.46%/yr for FDVV. At a 0.02 correlation, their price movements are largely independent.

Performance

0412.HK vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in SDHG (0412.HK) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0412.HK is traded in HKD, while FDVV is traded in USD. To make them comparable, the FDVV values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0412.HK achieves a -35.29% return, which is significantly lower than FDVV's 8.52% return.

0412.HK

• 1D: -9.28%
• 1M: -30.71%
• YTD: -35.29%
• 6M: -46.34%
• 1Y: -93.75%
• 3Y*: -43.03%
• 5Y*: -13.34%
• 10Y*: -11.30%

FDVV

• 1D: -1.02%
• 1M: 1.69%
• YTD: 8.52%
• 6M: 8.71%
• 1Y: 23.48%
• 3Y*: 19.94%
• 5Y*: 13.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

0412.HK vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0412.HK SDHG	-35.29%	-79.04%	6.92%	6.12%	78.75%	105.13%	63.18%	-24.13%	-5.97%	-40.18%
FDVV Fidelity High Dividend ETF	8.52%	17.31%	21.18%	17.99%	-4.05%	29.94%	2.34%	23.42%	-1.04%	14.87%

Correlation

The correlation between 0412.HK and FDVV is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016	0.02

The correlation between 0412.HK and FDVV shifts across timeframes, from -0.08 (1 year) to 0.02 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

0412.HK vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0412.HK

0412.HK Risk / Return Rank: 6
0412.HK Sharpe Ratio Rank: 8
0412.HK Sortino Ratio Rank: 3
0412.HK Omega Ratio Rank: 1
0412.HK Calmar Ratio Rank: 2
0412.HK Martin Ratio Rank: 13

FDVV

FDVV Risk / Return Rank: 67
FDVV Sharpe Ratio Rank: 74
FDVV Sortino Ratio Rank: 75
FDVV Omega Ratio Rank: 75
FDVV Calmar Ratio Rank: 53
FDVV Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0412.HK vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SDHG (0412.HK) and Fidelity High Dividend ETF (FDVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	0412.HK	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	2.33	-3.16
Sortino ratio: Return per unit of downside risk	-1.84	3.25	-5.09
Omega ratio: Gain probability vs. loss probability	0.67	1.43	-0.76
Calmar ratio: Return relative to maximum drawdown	-0.98	2.58	-3.57
Martin ratio: Return relative to average drawdown	-1.25	10.79	-12.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0412.HK vs. FDVV - Sharpe Ratio Comparison

The current 0412.HK Sharpe Ratio is -0.83, which is lower than the FDVV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of 0412.HK and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	0412.HK	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	2.33	-3.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.92	-1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	0.80	-1.12

Drawdowns

0412.HK vs. FDVV - Drawdown Comparison

The maximum 0412.HK drawdown since its inception was -100.00%, which is greater than FDVV's maximum drawdown of -40.41%. Use the drawdown chart below to compare losses from any high point for 0412.HK and FDVV.

Drawdown Indicators

	0412.HK	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-40.41%	-59.59%
Max Drawdown (1Y) Largest decline over 1 year	-95.91%	-9.13%	-86.78%
Max Drawdown (3Y) Largest decline over 3 years	-95.91%	-15.97%	-79.94%
Max Drawdown (5Y) Largest decline over 5 years	-95.91%	-19.95%	-75.96%
Max Drawdown (10Y) Largest decline over 10 years	-95.91%	—	—
Current Drawdown Current decline from peak	-100.00%	-1.68%	-98.32%
Average Drawdown Average peak-to-trough decline	-98.95%	-3.76%	-95.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.58%	2.18%	+72.40%

Volatility

0412.HK vs. FDVV - Volatility Comparison

SDHG (0412.HK) has a higher volatility of 28.79% compared to Fidelity High Dividend ETF (FDVV) at 3.08%. This indicates that 0412.HK's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0412.HK	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.79%	3.08%	+25.71%
Volatility (6M) Calculated over the trailing 6-month period	51.57%	8.10%	+43.47%
Volatility (1Y) Calculated over the trailing 1-year period	115.08%	10.12%	+104.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.77%	14.74%	+57.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.06%	16.97%	+54.09%

Dividends

0412.HK vs. FDVV - Dividend Comparison

0412.HK has not paid dividends to shareholders, while FDVV's dividend yield for the trailing twelve months is around 2.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
0412.HK SDHG	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.73%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Frequently Asked Questions

Can I hold both 0412.HK and FDVV in my portfolio?

0412.HK and FDVV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.