Correlation
The correlation between FDV and FDVV is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FDV vs. FDVV
Compare and contrast key facts about Federated Hermes U.S. Strategic Dividend ETF (FDV) and Fidelity High Dividend ETF (FDVV).
FDV and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDV is an actively managed fund by Federated. It was launched on Nov 15, 2022. 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: FDV or FDVV.
Performance
FDV vs. FDVV - Performance Comparison
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Key characteristics
FDV:
0.82
FDVV:
0.65
FDV:
0.94
FDVV:
0.88
FDV:
1.13
FDVV:
1.13
FDV:
0.74
FDVV:
0.57
FDV:
2.54
FDVV:
2.40
FDV:
3.63%
FDVV:
3.78%
FDV:
14.71%
FDVV:
16.19%
FDV:
-16.70%
FDVV:
-40.25%
FDV:
-5.88%
FDVV:
-4.54%
Returns By Period
In the year-to-date period, FDV achieves a 1.96% return, which is significantly higher than FDVV's -0.07% return.
FDV
1.96%
1.39%
-3.41%
11.60%
N/A
N/A
N/A
FDVV
-0.07%
4.17%
-3.74%
9.78%
12.18%
17.97%
N/A
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FDV vs. FDVV - Expense Ratio Comparison
FDV has a 0.50% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
FDV vs. FDVV — Risk-Adjusted Performance Rank
FDV
FDVV
FDV vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) 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.
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Dividends
FDV vs. FDVV - Dividend Comparison
FDV's dividend yield for the trailing twelve months is around 3.13%, more than FDVV's 3.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDV Federated Hermes U.S. Strategic Dividend ETF | 3.13% | 3.12% | 3.54% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 3.07% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
FDV vs. FDVV - Drawdown Comparison
The maximum FDV drawdown since its inception was -16.70%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FDV and FDVV.
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Volatility
FDV vs. FDVV - Volatility Comparison
Federated Hermes U.S. Strategic Dividend ETF (FDV) has a higher volatility of 4.20% compared to Fidelity High Dividend ETF (FDVV) at 3.55%. This indicates that FDV'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.
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