FDV vs. KWIN

Last updated Jul 17, 2026

FDV (Federated Hermes U.S. Strategic Dividend ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. FDV is actively managed, while KWIN is passively managed. At a 0.36 correlation, their price movements are largely independent. FDV charges 0.50%/yr vs 0.51%/yr for KWIN.

Performance

FDV vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes U.S. Strategic Dividend ETF (FDV) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDV

• 1D: 2.46%
• 1M: 3.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.21%
• 1M: 0.19%
• 6M: 1.23%
• YTD: 1.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDV vs. KWIN - Yearly Performance Comparison

	2026 (YTD)
FDV Federated Hermes U.S. Strategic Dividend ETF	4.86%
KWIN KraneShares Wahed Alternative Income Index ETF	0.33%

Correlation

The correlation between FDV and KWIN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 22, 2026	0.36

Return for Risk

FDV vs. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

FDV vs. KWIN - Drawdown Comparison

The maximum FDV drawdown since its inception was -3.33%, which is greater than KWIN's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for FDV and KWIN.

Drawdown Indicators

	FDV	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-3.33%	-1.58%	-1.75%
Current Drawdown Current decline from peak	0.00%	-1.37%	+1.37%
Average Drawdown Average peak-to-trough decline	-1.04%	-0.27%	-0.77%

Volatility

Volatility by Period

	FDV	KWIN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	4.14%	+10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	4.14%	+10.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.29%	4.14%	+10.15%

FDV vs. KWIN - Expense Ratio Comparison

FDV has a 0.50% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

FDV vs. KWIN - Dividend Comparison

FDV's dividend yield for the trailing twelve months is around 0.56%, while KWIN has not paid dividends to shareholders.

Position	TTM
FDV Federated Hermes U.S. Strategic Dividend ETF	0.56%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%

Frequently Asked Questions

Can I hold both FDV and KWIN in my portfolio?

FDV and KWIN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDV or KWIN?

On fees, FDV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDV or KWIN?

FDV is cheaper with a 0.50% expense ratio, compared with 0.51% for KWIN.

Which ETF pays a higher dividend yield, FDV or KWIN?

FDV has the higher dividend yield at 0.56%, compared with 0.00% for KWIN.

What is the main difference between FDV and KWIN?

They also come from different issuers: Federated and KraneShares. Their fees differ too: 0.50% for FDV and 0.51% for KWIN.