FDVV vs. FDRR
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Fidelity Dividend ETF for Rising Rates (FDRR).
FDVV and FDRR 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. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016. Both FDVV and FDRR 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 FDRR.
Key characteristics
| FDVV | FDRR | |
|---|---|---|
| YTD Return | 5.78% | 3.01% |
| 1Y Return | 21.22% | 14.86% |
| 3Y Return (Ann) | 9.77% | 5.16% |
| 5Y Return (Ann) | 11.77% | 9.72% |
| Sharpe Ratio | 1.85 | 1.29 |
| Daily Std Dev | 11.02% | 10.78% |
| Max Drawdown | -40.25% | -36.52% |
| Current Drawdown | -2.12% | -3.46% |
Correlation
The correlation between FDVV and FDRR is 0.94, 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.
Performance
FDVV vs. FDRR - Performance Comparison
In the year-to-date period, FDVV achieves a 5.78% return, which is significantly higher than FDRR's 3.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDVV vs. FDRR - Expense Ratio Comparison
Both FDVV and FDRR have an expense ratio of 0.29%.
Risk-Adjusted Performance
FDVV vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Fidelity Dividend ETF for Rising Rates (FDRR). 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. FDRR - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 3.29%, more than FDRR's 2.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 3.29% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.69% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Drawdowns
FDVV vs. FDRR - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, which is greater than FDRR's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FDVV and FDRR. For additional features, visit the drawdowns tool.
Volatility
FDVV vs. FDRR - Volatility Comparison
Fidelity High Dividend ETF (FDVV) and Fidelity Dividend ETF for Rising Rates (FDRR) have volatilities of 3.54% and 3.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.