FDVV vs. BDGS

Last updated Jul 17, 2026

FDVV (Fidelity High Dividend ETF) and BDGS (Bridges Capital Tactical ETF) are both Large Cap Blend Equities funds. FDVV is passively managed, while BDGS is actively managed. Over the past 3 years, FDVV returned 19.36%/yr vs 13.91%/yr for BDGS. A 0.63 correlation means they provide meaningful diversification when combined. FDVV charges 0.29%/yr vs 0.87%/yr for BDGS.

Performance

FDVV vs. BDGS - Performance Comparison

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

Returns By Period

In the year-to-date period, FDVV achieves a 12.35% return, which is significantly higher than BDGS's 6.04% return.

FDVV

• 1D: 0.58%
• 1M: 2.31%
• 6M: 10.79%
• YTD: 12.35%
• 1Y: 21.91%
• 3Y*: 19.36%
• 5Y*: 14.45%
• 10Y*: —

BDGS

• 1D: -0.28%
• 1M: 0.60%
• 6M: 5.67%
• YTD: 6.04%
• 1Y: 11.76%
• 3Y*: 13.91%
• 5Y*: —
• 10Y*: —

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

FDVV vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDVV Fidelity High Dividend ETF	12.35%	17.08%	21.81%	13.97%
BDGS Bridges Capital Tactical ETF	6.04%	10.61%	19.07%	8.23%

Correlation

The correlation between FDVV and BDGS is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.63

The correlation between FDVV and BDGS has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

FDVV vs. BDGS - Sectors Allocation Comparison

Sectors	FDVV	BDGS
Technology	30.5%	37.4%
Financial Services	17.0%	9.3%
Consumer Cyclical	13.6%	10.9%
Consumer Defensive	10.7%	4.1%
Real Estate	9.9%	1.5%
Utilities	8.6%	1.9%
Communication Services	3.6%	16.6%
Healthcare	3.0%	7.5%
Industrials	3.0%	6.6%
Basic Materials	-	1.5%
Energy	-	2.6%

Return for Risk

FDVV vs. BDGS — Risk / Return Rank

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

FDVV

FDVV Risk / Return Rank: 76
FDVV Sharpe Ratio Rank: 85
FDVV Sortino Ratio Rank: 84
FDVV Omega Ratio Rank: 84
FDVV Calmar Ratio Rank: 59
FDVV Martin Ratio Rank: 68

BDGS

BDGS Risk / Return Rank: 76
BDGS Sharpe Ratio Rank: 72
BDGS Sortino Ratio Rank: 78
BDGS Omega Ratio Rank: 79
BDGS Calmar Ratio Rank: 72
BDGS Martin Ratio Rank: 79

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. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Bridges Capital Tactical ETF (BDGS). 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	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.85	+0.32
Sortino ratio: Return per unit of downside risk	3.03	2.78	+0.25
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	2.37	2.93	-0.56
Martin ratio: Return relative to average drawdown	9.74	11.94	-2.20

FDVV vs. BDGS - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.17, which is comparable to the BDGS Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FDVV and BDGS, 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

FDVV vs. BDGS - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for FDVV and BDGS.

Drawdown Indicators

	FDVV	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-40.25%	-9.12%	-31.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-4.03%	-5.27%
Max Drawdown (3Y) Largest decline over 3 years	-15.90%	-9.12%	-6.78%
Max Drawdown (5Y) Largest decline over 5 years	-20.18%	—	—
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-3.77%	-0.67%	-3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	0.99%	+1.27%

Volatility

FDVV vs. BDGS - Volatility Comparison

Fidelity High Dividend ETF (FDVV) has a higher volatility of 2.60% compared to Bridges Capital Tactical ETF (BDGS) at 2.03%. This indicates that FDVV's price experiences larger fluctuations and is considered to be riskier than BDGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVV	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	2.03%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	5.31%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	6.38%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	8.17%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	8.17%	+8.76%

FDVV vs. BDGS - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is lower than BDGS's 0.87% expense ratio.

Dividends

FDVV vs. BDGS - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.76%, more than BDGS's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BDGS Bridges Capital Tactical ETF	0.52%	0.55%	1.81%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.76%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Frequently Asked Questions

Can I hold both FDVV and BDGS in my portfolio?

FDVV and BDGS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDVV or BDGS?

FDVV has higher volatility (2.60%) compared to BDGS (2.03%). In terms of maximum drawdown, FDVV dropped -40.25% vs BDGS's -9.12%.

Which ETF is better, FDVV or BDGS?

On 3-year performance, FDVV leads with 19.36% vs 13.91% for BDGS. On fees, FDVV is cheaper at 0.29% per year. On volatility, BDGS has been the lower-risk option at 2.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDVV or BDGS?

Over the 3-year period, FDVV has performed better with a 19.36% return vs 13.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDVV or BDGS?

FDVV is cheaper with a 0.29% expense ratio, compared with 0.87% for BDGS.

Which ETF pays a higher dividend yield, FDVV or BDGS?

FDVV has the higher dividend yield at 2.76%, compared with 0.52% for BDGS.

What is the main difference between FDVV and BDGS?

They also come from different issuers: Fidelity and Bridges. Their fees differ too: 0.29% for FDVV and 0.87% for BDGS.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.17 vs 1.85), 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.