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FDRR vs. FDVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDRR and FDVV is 0.88, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

FDRR vs. FDVV - Performance Comparison

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

120.00%130.00%140.00%150.00%160.00%170.00%180.00%NovemberDecember2025FebruaryMarchApril
144.90%
157.38%
FDRR
FDVV

Key characteristics

Sharpe Ratio

FDRR:

0.60

FDVV:

0.71

Sortino Ratio

FDRR:

0.96

FDVV:

1.07

Omega Ratio

FDRR:

1.14

FDVV:

1.16

Calmar Ratio

FDRR:

0.60

FDVV:

0.72

Martin Ratio

FDRR:

2.65

FDVV:

3.30

Ulcer Index

FDRR:

4.09%

FDVV:

3.45%

Daily Std Dev

FDRR:

18.09%

FDVV:

16.05%

Max Drawdown

FDRR:

-36.52%

FDVV:

-40.25%

Current Drawdown

FDRR:

-10.07%

FDVV:

-8.36%

Returns By Period

In the year-to-date period, FDRR achieves a -5.52% return, which is significantly lower than FDVV's -4.07% return.


FDRR

YTD

-5.52%

1M

-5.81%

6M

-6.33%

1Y

9.75%

5Y*

14.19%

10Y*

N/A

FDVV

YTD

-4.07%

1M

-5.04%

6M

-5.61%

1Y

10.32%

5Y*

17.90%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FDRR vs. FDVV - Expense Ratio Comparison

Both FDRR and FDVV have an expense ratio of 0.29%.


Expense ratio chart for FDRR: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDRR: 0.29%
Expense ratio chart for FDVV: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDVV: 0.29%

Risk-Adjusted Performance

FDRR vs. FDVV — Risk-Adjusted Performance Rank

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

FDRR
The Risk-Adjusted Performance Rank of FDRR is 6868
Overall Rank
The Sharpe Ratio Rank of FDRR is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of FDRR is 6565
Sortino Ratio Rank
The Omega Ratio Rank of FDRR is 6868
Omega Ratio Rank
The Calmar Ratio Rank of FDRR is 7070
Calmar Ratio Rank
The Martin Ratio Rank of FDRR is 7070
Martin Ratio Rank

FDVV
The Risk-Adjusted Performance Rank of FDVV is 7373
Overall Rank
The Sharpe Ratio Rank of FDVV is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of FDVV is 7070
Sortino Ratio Rank
The Omega Ratio Rank of FDVV is 7373
Omega Ratio Rank
The Calmar Ratio Rank of FDVV is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FDVV is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDRR vs. FDVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.


The chart of Sharpe ratio for FDRR, currently valued at 0.60, compared to the broader market-1.000.001.002.003.004.00
FDRR: 0.60
FDVV: 0.71
The chart of Sortino ratio for FDRR, currently valued at 0.96, compared to the broader market-2.000.002.004.006.008.00
FDRR: 0.96
FDVV: 1.07
The chart of Omega ratio for FDRR, currently valued at 1.14, compared to the broader market0.501.001.502.00
FDRR: 1.14
FDVV: 1.16
The chart of Calmar ratio for FDRR, currently valued at 0.60, compared to the broader market0.002.004.006.008.0010.0012.00
FDRR: 0.60
FDVV: 0.72
The chart of Martin ratio for FDRR, currently valued at 2.65, compared to the broader market0.0020.0040.0060.00
FDRR: 2.65
FDVV: 3.30

The current FDRR Sharpe Ratio is 0.60, which is comparable to the FDVV Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FDRR and FDVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.60
0.71
FDRR
FDVV

Dividends

FDRR vs. FDVV - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.79%, less than FDVV's 3.19% yield.


TTM202420232022202120202019201820172016
FDRR
Fidelity Dividend ETF for Rising Rates
2.79%2.61%2.93%2.75%2.09%2.85%2.89%3.20%2.89%0.61%
FDVV
Fidelity High Dividend ETF
3.19%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.63%1.04%

Drawdowns

FDRR vs. FDVV - Drawdown Comparison

The maximum FDRR drawdown since its inception was -36.52%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FDRR and FDVV. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.07%
-8.36%
FDRR
FDVV

Volatility

FDRR vs. FDVV - Volatility Comparison

Fidelity Dividend ETF for Rising Rates (FDRR) has a higher volatility of 13.57% compared to Fidelity High Dividend ETF (FDVV) at 12.11%. This indicates that FDRR'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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.57%
12.11%
FDRR
FDVV