BALI vs. FDVV

Last updated Jun 4, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - BALI is a Derivative Income fund actively managed by BlackRock, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. BALI is actively managed, while FDVV is passively managed. Over the past year, BALI returned 26.38% vs 23.45% for FDVV. Their correlation of 0.82 suggests significant overlap in exposure. BALI charges 0.35%/yr vs 0.29%/yr for FDVV.

Performance

BALI vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALI achieves a 11.22% return, which is significantly higher than FDVV's 8.39% return.

BALI

• 1D: -0.41%
• 1M: 4.44%
• YTD: 11.22%
• 6M: 11.78%
• 1Y: 26.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDVV

• 1D: -1.12%
• 1M: 4.44%
• YTD: 8.39%
• 6M: 8.67%
• 1Y: 23.45%
• 3Y*: 20.08%
• 5Y*: 13.36%
• 10Y*: —

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

BALI vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	11.22%	14.51%	22.38%	9.52%
FDVV Fidelity High Dividend ETF	8.39%	17.08%	21.81%	9.98%

Correlation

The correlation between BALI and FDVV is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.82

The correlation between BALI and FDVV has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

BALI vs. FDVV - Sectors Allocation Comparison

Sectors	BALI	FDVV
Technology	35.0%	29.1%
Communication Services	10.6%	3.7%
Consumer Cyclical	10.2%	13.6%
Healthcare	9.4%	3.1%
Financial Services	9.0%	17.0%
Industrials	8.0%	3.4%
Consumer Defensive	6.1%	11.0%
Energy	4.3%	-
Utilities	1.9%	8.7%
Basic Materials	1.4%	-
Real Estate	0.9%	10.1%

Return for Risk

BALI vs. FDVV — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 82
BALI Sharpe Ratio Rank: 81
BALI Sortino Ratio Rank: 81
BALI Omega Ratio Rank: 81
BALI Calmar Ratio Rank: 77
BALI Martin Ratio Rank: 88

FDVV

FDVV Risk / Return Rank: 64
FDVV Sharpe Ratio Rank: 70
FDVV Sortino Ratio Rank: 71
FDVV Omega Ratio Rank: 71
FDVV Calmar Ratio Rank: 50
FDVV Martin Ratio Rank: 58

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.

BALI vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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.

	BALI	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	2.67	2.35	+0.33
Sortino ratio: Return per unit of downside risk	3.72	3.28	+0.44
Omega ratio: Gain probability vs. loss probability	1.50	1.43	+0.07
Calmar ratio: Return relative to maximum drawdown	3.95	2.53	+1.41
Martin ratio: Return relative to average drawdown	19.71	10.54	+9.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BALI vs. FDVV - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 2.67, which is comparable to the FDVV Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of BALI 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

	BALI	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.35	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.79	+0.93

Drawdowns

BALI vs. FDVV - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for BALI and FDVV.

Drawdown Indicators

	BALI	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-40.25%	+23.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-9.30%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-0.41%	-1.12%	+0.71%
Average Drawdown Average peak-to-trough decline	-1.63%	-3.81%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	2.23%	-0.89%

Volatility

BALI vs. FDVV - Volatility Comparison

The current volatility for Blackrock Advantage Large Cap Income ETF (BALI) is 1.95%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.14%. This indicates that BALI experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BALI	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	3.14%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	7.99%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	10.06%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	14.75%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	17.00%	-4.07%

BALI vs. FDVV - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

BALI vs. FDVV - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.66%, more than FDVV's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BALI Blackrock Advantage Large Cap Income ETF	7.66%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.72%	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 BALI and FDVV in my portfolio?

BALI and FDVV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BALI or FDVV?

FDVV has higher volatility (3.14%) compared to BALI (1.95%). In terms of maximum drawdown, BALI dropped -16.65% vs FDVV's -40.25%.

Which ETF is better, BALI or FDVV?

On 1-year performance, BALI leads with 26.38% vs 23.45% for FDVV. On fees, FDVV is cheaper at 0.29% per year. On volatility, BALI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BALI or FDVV?

Over the 1-year period, BALI has performed better with a 26.38% return vs 23.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BALI or FDVV?

FDVV is cheaper with a 0.29% expense ratio, compared with 0.35% for BALI.

Which ETF pays a higher dividend yield, BALI or FDVV?

BALI has the higher dividend yield at 7.66%, compared with 2.72% for FDVV.

What is the main difference between BALI and FDVV?

BALI is categorized as Derivative Income, while FDVV is Large Cap Blend Equities. They also come from different issuers: BlackRock and Fidelity. Their fees differ too: 0.35% for BALI and 0.29% for FDVV.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.67 vs 2.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.