FDVV vs. ABBV
FDVV (Fidelity High Dividend ETF) is Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while ABBV (AbbVie Inc.) is a stock. Over the past 5 years, FDVV returned 13.53%/yr vs 18.94%/yr for ABBV. At a 0.39 correlation, their price movements are largely independent.
Performance
FDVV vs. ABBV - Performance Comparison
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Returns By Period
In the year-to-date period, FDVV achieves a 9.30% return, which is significantly higher than ABBV's 1.30% return.
FDVV
- 1D
- 0.57%
- 1M
- 2.54%
- YTD
- 9.30%
- 6M
- 9.44%
- 1Y
- 23.92%
- 3Y*
- 19.75%
- 5Y*
- 13.53%
- 10Y*
- —
ABBV
- 1D
- 1.32%
- 1M
- 8.24%
- YTD
- 1.30%
- 6M
- 3.65%
- 1Y
- 23.06%
- 3Y*
- 22.39%
- 5Y*
- 18.94%
- 10Y*
- 19.10%
FDVV vs. ABBV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 9.30% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
ABBV AbbVie Inc. | 1.30% | 33.08% | 18.86% | -0.23% | 24.01% | 32.43% | 27.72% | 1.47% | -0.96% | 60.07% |
Correlation
The correlation between FDVV and ABBV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.39 |
The correlation between FDVV and ABBV shifts across timeframes, from 0.21 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDVV vs. ABBV — Risk / Return Rank
FDVV
ABBV
FDVV vs. ABBV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and AbbVie Inc. (ABBV). 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.
| FDVV | ABBV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.18 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.29 | +1.15 |
| Martin ratioReturn relative to average drawdown | 10.11 | 2.88 | +7.23 |
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Drawdowns
FDVV vs. ABBV - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum ABBV drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for FDVV and ABBV.
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Drawdown Indicators
| FDVV | ABBV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -45.09% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -17.32% | +8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -20.74% | +4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | -21.92% | +1.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.09% | — |
Current DrawdownCurrent decline from peak | -0.29% | -4.60% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -10.71% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 7.75% | -5.51% |
Volatility
FDVV vs. ABBV - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 3.16%, while AbbVie Inc. (ABBV) has a volatility of 6.10%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVV | ABBV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 6.10% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 17.85% | -9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 24.31% | -14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 22.89% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 25.73% | -8.75% |
Dividends
FDVV vs. ABBV - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.70%, less than ABBV's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBV AbbVie Inc. | 2.96% | 2.87% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% |
FDVV Fidelity High Dividend ETF | 2.70% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Frequently Asked Questions
FDVV and ABBV have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABBV has higher volatility (6.10%) compared to FDVV (3.16%). In terms of maximum drawdown, FDVV dropped -40.25% vs ABBV's -45.09%.
FDVV currently has the higher Sharpe Ratio (2.24 vs 0.92), 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.
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