FDRR vs. VOO
Compare and contrast key facts about Fidelity Dividend ETF for Rising Rates (FDRR) and Vanguard S&P 500 ETF (VOO).
FDRR and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FDRR and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRR or VOO.
Key characteristics
| FDRR | VOO | |
|---|---|---|
| YTD Return | 4.25% | 7.68% |
| 1Y Return | 13.53% | 24.58% |
| 3Y Return (Ann) | 5.88% | 8.61% |
| 5Y Return (Ann) | 10.13% | 13.73% |
| Sharpe Ratio | 1.37 | 2.21 |
| Daily Std Dev | 10.76% | 11.60% |
| Max Drawdown | -36.52% | -33.99% |
| Current Drawdown | -2.30% | -2.60% |
Correlation
The correlation between FDRR and VOO is 0.93, 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
FDRR vs. VOO - Performance Comparison
In the year-to-date period, FDRR achieves a 4.25% return, which is significantly lower than VOO's 7.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDRR vs. VOO - Expense Ratio Comparison
FDRR has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FDRR vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.
Dividends
FDRR vs. VOO - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.66%, more than VOO's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 2.66% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FDRR vs. VOO - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDRR and VOO. For additional features, visit the drawdowns tool.
Volatility
FDRR vs. VOO - Volatility Comparison
The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.36%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.63%. This indicates that FDRR experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.