FDRV vs. VOO

Last updated Jun 4, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while VOO is a S&P 500 fund tracking the S&P 500 Index. FDRV is actively managed, while VOO is passively managed. Over the past 3 years, FDRV returned 7.13%/yr vs 22.44%/yr for VOO. A 0.76 correlation means they provide meaningful diversification when combined. FDRV charges 0.39%/yr vs 0.03%/yr for VOO.

Performance

FDRV vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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, FDRV achieves a 30.92% return, which is significantly higher than VOO's 10.91% return.

FDRV

• 1D: -0.86%
• 1M: 11.72%
• YTD: 30.92%
• 6M: 29.26%
• 1Y: 53.50%
• 3Y*: 7.13%
• 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)

FDRV vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	30.92%	24.32%	-21.73%	12.27%	-44.23%	7.00%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	8.66%

Correlation

The correlation between FDRV 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 (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.76

The correlation between FDRV and VOO has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

FDRV vs. VOO - Sectors Allocation Comparison

Sectors	FDRV	VOO
Consumer Cyclical	42.8%	10.2%
Technology	40.7%	35.7%
Industrials	12.3%	8.3%
Basic Materials	4.3%	1.8%
Communication Services	-	11.3%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.6%
Healthcare	-	8.5%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

FDRV vs. VOO — Risk / Return Rank

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

FDRV

FDRV Risk / Return Rank: 62
FDRV Sharpe Ratio Rank: 65
FDRV Sortino Ratio Rank: 60
FDRV Omega Ratio Rank: 58
FDRV Calmar Ratio Rank: 69
FDRV Martin Ratio Rank: 60

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.

FDRV vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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.

	FDRV	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.39	-0.24
Sortino ratio: Return per unit of downside risk	2.83	3.25	-0.42
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	3.44	3.16	+0.28
Martin ratio: Return relative to average drawdown	10.66	14.73	-4.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDRV vs. VOO - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 2.15, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FDRV 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

	FDRV	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.39	-0.24
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	-0.11	0.89	-0.99

Drawdowns

FDRV vs. VOO - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDRV and VOO.

Drawdown Indicators

	FDRV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-33.99%	-29.90%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-8.90%	-6.72%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-18.69%	-29.76%
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	-27.57%	-0.70%	-26.87%
Average Drawdown Average peak-to-trough decline	-42.35%	-3.69%	-38.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	1.91%	+3.12%

Volatility

FDRV vs. VOO - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 9.01% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that FDRV'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

	FDRV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	2.84%	+6.17%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	8.90%	+9.59%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	11.80%	+13.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.03%	16.81%	+15.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.03%	18.01%	+14.02%

FDRV vs. VOO - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

FDRV vs. VOO - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.02%, which matches VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.02%	1.14%	0.43%	0.24%	0.33%	0.04%	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 FDRV and VOO in my portfolio?

FDRV 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, FDRV or VOO?

FDRV has higher volatility (9.01%) compared to VOO (2.84%). In terms of maximum drawdown, FDRV dropped -63.89% vs VOO's -33.99%.

Which ETF is better, FDRV or VOO?

On 3-year performance, VOO leads with 22.44% vs 7.13% for FDRV. 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, FDRV or VOO?

Over the 3-year period, VOO has performed better with a 22.44% return vs 7.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.39% for FDRV.

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

FDRV and VOO have nearly identical dividend yields, around 1.02%.

What is the main difference between FDRV and VOO?

FDRV is categorized as Transportation Equities, while VOO is S&P 500. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.39% for FDRV and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 2.15), 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.