FDFF vs. VOO

Last updated Jun 4, 2026

FDFF (Fidelity Disruptive Finance ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - FDFF is a Financials Equities fund actively managed by Fidelity, while VOO is a S&P 500 fund tracking the S&P 500 Index. FDFF is actively managed, while VOO is passively managed. Over the past year, FDFF returned -13.28% vs 28.04% for VOO. A 0.74 correlation means they provide meaningful diversification when combined. FDFF charges 0.50%/yr vs 0.03%/yr for VOO.

Performance

FDFF vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Finance ETF (FDFF) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDFF achieves a -9.77% return, which is significantly lower than VOO's 10.91% return.

FDFF

• 1D: -2.74%
• 1M: -4.96%
• YTD: -9.77%
• 6M: -7.73%
• 1Y: -13.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

FDFF vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDFF Fidelity Disruptive Finance ETF	-9.77%	-2.75%	27.86%	15.99%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	10.87%

Correlation

The correlation between FDFF and VOO is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.74

The correlation between FDFF and VOO has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

FDFF vs. VOO - Sectors Allocation Comparison

Sectors	FDFF	VOO
Financial Services	74.7%	11.6%
Technology	19.1%	35.7%
Industrials	3.4%	8.3%
Real Estate	0.8%	1.9%
Consumer Cyclical	0.8%	10.2%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Utilities	-	2.4%

Return for Risk

FDFF vs. VOO — Risk / Return Rank

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

FDFF

FDFF Risk / Return Rank: 3
FDFF Sharpe Ratio Rank: 3
FDFF Sortino Ratio Rank: 3
FDFF Omega Ratio Rank: 3
FDFF Calmar Ratio Rank: 4
FDFF Martin Ratio Rank: 3

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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.

FDFF vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Vanguard S&P 500 ETF (VOO). 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.

	FDFF	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	2.39	-3.12
Sortino ratio: Return per unit of downside risk	-0.92	3.25	-4.17
Omega ratio: Gain probability vs. loss probability	0.89	1.43	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.60	3.16	-3.76
Martin ratio: Return relative to average drawdown	-1.23	14.73	-15.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDFF vs. VOO - Sharpe Ratio Comparison

The current FDFF Sharpe Ratio is -0.73, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FDFF and VOO, 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

	FDFF	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	2.39	-3.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.89	-0.40

Drawdowns

FDFF vs. VOO - Drawdown Comparison

The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDFF and VOO.

Drawdown Indicators

	FDFF	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-23.06%	-33.99%	+10.93%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-8.90%	-13.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-18.05%	-0.70%	-17.35%
Average Drawdown Average peak-to-trough decline	-6.32%	-3.69%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.82%	1.91%	+8.91%

Volatility

FDFF vs. VOO - Volatility Comparison

Fidelity Disruptive Finance ETF (FDFF) has a higher volatility of 4.48% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that FDFF's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDFF	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.84%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	8.90%	+5.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	11.80%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	16.81%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	18.01%	+1.01%

FDFF vs. VOO - Expense Ratio Comparison

FDFF has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

FDFF vs. VOO - Dividend Comparison

FDFF's dividend yield for the trailing twelve months is around 1.01%, less than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFF Fidelity Disruptive Finance ETF	1.01%	0.86%	0.70%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FDFF and VOO in my portfolio?

FDFF and VOO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDFF or VOO?

FDFF has higher volatility (4.48%) compared to VOO (2.84%). In terms of maximum drawdown, FDFF dropped -23.06% vs VOO's -33.99%.

Which ETF is better, FDFF or VOO?

On 1-year performance, VOO leads with 28.04% vs -13.28% for FDFF. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDFF or VOO?

Over the 1-year period, VOO has performed better with a 28.04% return vs -13.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDFF or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.50% for FDFF.

Which ETF pays a higher dividend yield, FDFF or VOO?

VOO has the higher dividend yield at 1.03%, compared with 1.01% for FDFF.

What is the main difference between FDFF and VOO?

FDFF is categorized as Financials Equities, while VOO is S&P 500. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.50% for FDFF and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs -0.73), 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.