FDTX vs. HDV

Last updated Jun 23, 2026

FDTX (Fidelity Disruptive Technology ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FDTX is a Technology Equities fund actively managed by Fidelity, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. FDTX is actively managed, while HDV is passively managed. Over the past 3 years, FDTX returned 32.13%/yr vs 14.97%/yr for HDV. At a 0.04 correlation, their price movements are largely independent. FDTX charges 0.50%/yr vs 0.08%/yr for HDV.

Performance

FDTX vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTX achieves a 42.73% return, which is significantly higher than HDV's 12.57% return.

FDTX

• 1D: 0.37%
• 1M: 14.31%
• YTD: 42.73%
• 6M: 41.95%
• 1Y: 58.02%
• 3Y*: 32.13%
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.15%
• 1M: -2.65%
• YTD: 12.57%
• 6M: 12.67%
• 1Y: 19.54%
• 3Y*: 14.97%
• 5Y*: 10.90%
• 10Y*: 9.31%

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

FDTX vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDTX Fidelity Disruptive Technology ETF	42.73%	15.25%	23.99%	13.00%
HDV iShares Core High Dividend ETF	12.57%	11.90%	14.16%	4.46%

Correlation

The correlation between FDTX and HDV is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023	0.04

The correlation between FDTX and HDV shifts across timeframes, from -0.15 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

FDTX vs. HDV - Sectors Allocation Comparison

Sectors	FDTX	HDV
Technology	86.4%	0.2%
Communication Services	7.5%	5.7%
Consumer Cyclical	5.6%	9.2%
Industrials	0.5%	3.5%
Basic Materials	-	0.8%
Consumer Defensive	-	24.5%
Energy	-	20.2%
Financial Services	-	4.7%
Healthcare	-	22.6%
Real Estate	-	-
Utilities	-	8.1%

Return for Risk

FDTX vs. HDV — Risk / Return Rank

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

FDTX

FDTX Risk / Return Rank: 61
FDTX Sharpe Ratio Rank: 69
FDTX Sortino Ratio Rank: 59
FDTX Omega Ratio Rank: 61
FDTX Calmar Ratio Rank: 63
FDTX Martin Ratio Rank: 55

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 62
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 77
HDV Martin Ratio Rank: 60

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.

FDTX vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) and iShares Core High Dividend ETF (HDV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FDTX	HDV	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.99	+0.16
Sortino ratio: Return per unit of downside risk	2.71	2.92	-0.21
Omega ratio: Gain probability vs. loss probability	1.36	1.34	+0.02
Calmar ratio: Return relative to maximum drawdown	3.01	3.79	-0.78
Martin ratio: Return relative to average drawdown	9.32	10.39	-1.08

FDTX vs. HDV - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 2.15, which is comparable to the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of FDTX and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDTX vs. HDV - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FDTX and HDV.

Drawdown Indicators

	FDTX	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-37.04%	+9.81%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-5.18%	-14.20%
Max Drawdown (3Y) Largest decline over 3 years	-27.23%	-10.49%	-16.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-0.31%	-2.65%	+2.34%
Average Drawdown Average peak-to-trough decline	-5.50%	-3.08%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	1.89%	+4.36%

Volatility

FDTX vs. HDV - Volatility Comparison

Fidelity Disruptive Technology ETF (FDTX) has a higher volatility of 14.21% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that FDTX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTX	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.21%	3.37%	+10.84%
Volatility (6M) Calculated over the trailing 6-month period	22.65%	7.52%	+15.13%
Volatility (1Y) Calculated over the trailing 1-year period	27.11%	9.87%	+17.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.27%	12.80%	+13.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.27%	15.74%	+10.53%

FDTX vs. HDV - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

FDTX vs. HDV - Dividend Comparison

FDTX has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDTX Fidelity Disruptive Technology ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.94%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both FDTX and HDV in my portfolio?

FDTX and HDV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTX or HDV?

FDTX has higher volatility (14.21%) compared to HDV (3.37%). In terms of maximum drawdown, FDTX dropped -27.23% vs HDV's -37.04%.

Which ETF is better, FDTX or HDV?

On 3-year performance, FDTX leads with 32.13% vs 14.97% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDTX or HDV?

Over the 3-year period, FDTX has performed better with a 32.13% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDTX or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.50% for FDTX.

Which ETF pays a higher dividend yield, FDTX or HDV?

HDV has the higher dividend yield at 2.94%, compared with 0.00% for FDTX.

What is the main difference between FDTX and HDV?

FDTX is categorized as Technology Equities, while HDV is Dividend. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.50% for FDTX and 0.08% for HDV.

Which has better risk-adjusted returns?

FDTX currently has the higher Sharpe Ratio (2.15 vs 1.99), 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.