FDVV vs. DJD
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Invesco Dow Jones Industrial Average Dividend ETF (DJD).
FDVV and DJD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DJD is a passively managed fund by Invesco that tracks the performance of the Dow Jones Industrial Average Yield Weight. It was launched on Dec 16, 2015. Both FDVV and DJD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDVV or DJD.
Performance
FDVV vs. DJD - Performance Comparison
Returns By Period
In the year-to-date period, FDVV achieves a 24.98% return, which is significantly higher than DJD's 16.29% return.
FDVV
24.98%
0.51%
12.59%
33.37%
14.51%
N/A
DJD
16.29%
-0.93%
10.33%
26.76%
9.94%
N/A
Key characteristics
| FDVV | DJD | |
|---|---|---|
| Sharpe Ratio | 3.23 | 2.43 |
| Sortino Ratio | 4.42 | 3.64 |
| Omega Ratio | 1.60 | 1.45 |
| Calmar Ratio | 6.52 | 4.75 |
| Martin Ratio | 27.40 | 15.08 |
| Ulcer Index | 1.20% | 1.77% |
| Daily Std Dev | 10.19% | 10.97% |
| Max Drawdown | -40.25% | -34.66% |
| Current Drawdown | -0.67% | -1.95% |
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FDVV vs. DJD - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is higher than DJD's 0.07% expense ratio.
Correlation
The correlation between FDVV and DJD is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FDVV vs. DJD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Invesco Dow Jones Industrial Average Dividend ETF (DJD). 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.
Dividends
FDVV vs. DJD - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.73%, less than DJD's 3.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.73% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% |
DJD Invesco Dow Jones Industrial Average Dividend ETF | 3.03% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 3.26% | 3.65% | 0.16% |
Drawdowns
FDVV vs. DJD - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, which is greater than DJD's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for FDVV and DJD. For additional features, visit the drawdowns tool.
Volatility
FDVV vs. DJD - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 2.54%, while Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a volatility of 3.25%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than DJD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.