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FDVV vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDVV vs. ACWI

Last updated Jun 14, 2026

FDVV (Fidelity High Dividend ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, FDVV returned 13.53%/yr vs 10.88%/yr for ACWI. Their correlation of 0.87 suggests significant overlap in exposure. FDVV charges 0.29%/yr vs 0.32%/yr for ACWI.

Performance

FDVV vs. ACWI - Performance Comparison

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

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Returns By Period

In the year-to-date period, FDVV achieves a 9.30% return, which is significantly lower than ACWI's 10.59% return.

FDVV

1D
0.57%
1M
3.73%
YTD
9.30%
6M
9.44%
1Y
23.92%
3Y*
19.75%
5Y*
13.53%
10Y*
—

ACWI

1D
0.41%
1M
1.55%
YTD
10.59%
6M
11.34%
1Y
26.86%
3Y*
19.78%
5Y*
10.88%
10Y*
13.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDVV vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
ACWI
iShares MSCI ACWI ETF		10.59%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-9.19%24.33%

Correlation

The correlation between FDVV and ACWI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.87

The correlation between FDVV and ACWI has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

FDVV vs. ACWI - Sectors Allocation Comparison

Sectors
FDVV
ACWI

Technology

30.5%
32.2%

Financial Services

17.0%
15.6%

Consumer Cyclical

13.6%
8.7%

Consumer Defensive

10.7%
4.7%

Real Estate

9.9%
1.6%

Utilities

8.6%
2.7%

Communication Services

3.6%
8.2%

Healthcare

3.0%
8.1%

Industrials

3.0%
10.2%

Basic Materials

-

3.6%

Energy

-

3.9%

Technology

FDVV
30.5%
ACWI
32.2%

Financial Services

FDVV
17.0%
ACWI
15.6%

Consumer Cyclical

FDVV
13.6%
ACWI
8.7%

Consumer Defensive

FDVV
10.7%
ACWI
4.7%

Real Estate

FDVV
9.9%
ACWI
1.6%

Utilities

FDVV
8.6%
ACWI
2.7%

Communication Services

FDVV
3.6%
ACWI
8.2%

Healthcare

FDVV
3.0%
ACWI
8.1%

Industrials

FDVV
3.0%
ACWI
10.2%

Basic Materials

FDVV

-

ACWI
3.6%

Energy

FDVV

-

ACWI
3.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity High Dividend ETF

iShares MSCI ACWI ETF

Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

FDVV vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDVV
FDVV Risk / Return Rank: 7373
Overall Rank
FDVV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 8282
Sortino Ratio Rank
FDVV Omega Ratio Rank: 8181
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5656
Calmar Ratio Rank
FDVV Martin Ratio Rank: 6464
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 6767
Overall Rank
ACWI Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6666
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6767
Omega Ratio Rank
ACWI Calmar Ratio Rank: 6161
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7171
Martin Ratio Rank
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.

FDVV vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and iShares MSCI ACWI ETF (ACWI). 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.

FDVVACWIDifference
Sharpe ratioReturn per unit of total volatility
2.24
1.90

+0.34

Sortino ratioReturn per unit of downside risk
3.14
2.62

+0.52

Omega ratioGain probability vs. loss probability

1.41

1.35

+0.07

Calmar ratioReturn relative to maximum drawdown

2.44

2.62

-0.18

Martin ratioReturn relative to average drawdown

10.11

11.46

-1.35

FDVV vs. ACWI - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.24, which is comparable to the ACWI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of FDVV and ACWI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FDVV vs. ACWI - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for FDVV and ACWI.

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Drawdown Indicators

FDVVACWIDifference

Max Drawdown

Largest peak-to-trough decline

-40.25%

-56.00%

+15.75%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-9.73%

+0.43%

Max Drawdown (3Y)

Largest decline over 3 years

-15.90%

-16.55%

+0.65%

Max Drawdown (5Y)

Largest decline over 5 years

-20.18%

-26.42%

+6.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.53%

—

Current Drawdown

Current decline from peak

-0.29%

-2.19%

+1.90%

Average Drawdown

Average peak-to-trough decline

-3.80%

-8.60%

+4.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

2.22%

+0.02%

Volatility

FDVV vs. ACWI - Volatility Comparison

The current volatility for Fidelity High Dividend ETF (FDVV) is 3.16%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 5.17%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDVVACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

5.17%

-2.01%

Volatility (6M)

Calculated over the trailing 6-month period

8.16%

11.09%

-2.93%

Volatility (1Y)

Calculated over the trailing 1-year period

10.12%

13.42%

-3.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.76%

16.15%

-1.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.98%

17.14%

-0.16%

FDVV vs. ACWI - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

FDVV vs. ACWI - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.70%, more than ACWI's 1.40% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.40%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
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 ACWI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACWI has higher volatility (5.17%) compared to FDVV (3.16%). In terms of maximum drawdown, FDVV dropped -40.25% vs ACWI's -56.00%.

On 5-year performance, FDVV leads with 13.53% vs 10.88% for ACWI. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDVV has performed better with a 13.53% return vs 10.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDVV is cheaper with a 0.29% expense ratio, compared with 0.32% for ACWI.

FDVV has the higher dividend yield at 2.70%, compared with 1.40% for ACWI.

FDVV is categorized as Large Cap Blend Equities, while ACWI is Global Equities. FDVV tracks Fidelity Core Dividend Index, while ACWI tracks MSCI All Country World Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.29% for FDVV and 0.32% for ACWI.

FDVV currently has the higher Sharpe Ratio (2.24 vs 1.90), 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.

Portfolio Optimizer

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