FDIV vs. FDVV
Compare and contrast key facts about First Trust Strategic Income ETF (FDIV) and Fidelity High Dividend ETF (FDVV).
FDIV and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIV is an actively managed fund by First Trust. It was launched on Aug 13, 2014. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIV or FDVV.
Correlation
The correlation between FDIV and FDVV is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDIV vs. FDVV - Performance Comparison
Key characteristics
FDIV:
0.48
FDVV:
2.23
FDIV:
0.76
FDVV:
3.02
FDIV:
1.09
FDVV:
1.41
FDIV:
0.65
FDVV:
4.15
FDIV:
1.57
FDVV:
13.13
FDIV:
3.72%
FDVV:
1.78%
FDIV:
12.22%
FDVV:
10.51%
FDIV:
-9.01%
FDVV:
-40.25%
FDIV:
-6.76%
FDVV:
-1.05%
Returns By Period
In the year-to-date period, FDIV achieves a -0.11% return, which is significantly lower than FDVV's 3.58% return.
FDIV
-0.11%
-1.13%
-4.35%
4.68%
N/A
N/A
FDVV
3.58%
1.13%
5.34%
21.46%
13.16%
N/A
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FDIV vs. FDVV - Expense Ratio Comparison
FDIV has a 0.87% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
FDIV vs. FDVV — Risk-Adjusted Performance Rank
FDIV
FDVV
FDIV vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Strategic Income ETF (FDIV) 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.
Dividends
FDIV vs. FDVV - Dividend Comparison
FDIV's dividend yield for the trailing twelve months is around 2.90%, more than FDVV's 2.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIV First Trust Strategic Income ETF | 2.90% | 2.90% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 2.84% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
FDIV vs. FDVV - Drawdown Comparison
The maximum FDIV drawdown since its inception was -9.01%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FDIV and FDVV. For additional features, visit the drawdowns tool.
Volatility
FDIV vs. FDVV - Volatility Comparison
First Trust Strategic Income ETF (FDIV) has a higher volatility of 3.63% compared to Fidelity High Dividend ETF (FDVV) at 2.85%. This indicates that FDIV'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.