FDVV vs. FDV

Last updated Jun 25, 2026

FDVV (Fidelity High Dividend ETF) and FDV (Federated Hermes U.S. Strategic Dividend ETF) are both exchange-traded funds - FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while FDV is a Large Cap Value Equities fund actively managed by Federated. FDVV is passively managed, while FDV is actively managed. At a 0.21 correlation, their price movements are largely independent. FDVV charges 0.29%/yr vs 0.50%/yr for FDV.

Performance

FDVV vs. FDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Dividend ETF (FDVV) and Federated Hermes U.S. Strategic Dividend ETF (FDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDVV

• 1D: 0.07%
• 1M: 0.49%
• YTD: 8.46%
• 6M: 7.70%
• 1Y: 21.26%
• 3Y*: 19.93%
• 5Y*: 13.59%
• 10Y*: —

FDV

• 1D: 0.00%
• 1M: -0.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDVV vs. FDV - Yearly Performance Comparison

	2026 (YTD)
FDVV Fidelity High Dividend ETF	1.38%
FDV Federated Hermes U.S. Strategic Dividend ETF	0.36%

Correlation

The correlation between FDVV and FDV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 22, 2026	0.21

FDVV vs. FDV - Sectors Allocation Comparison

Sectors	FDVV	FDV
Technology	30.5%	10.7%
Financial Services	17.0%	15.7%
Consumer Cyclical	13.6%	7.7%
Consumer Defensive	10.7%	12.3%
Real Estate	9.9%	9.7%
Utilities	8.6%	15.1%
Communication Services	3.6%	2.0%
Healthcare	3.0%	12.8%
Industrials	3.0%	3.1%
Basic Materials	-	1.7%
Energy	-	9.3%

Return for Risk

FDVV vs. FDV — Risk / Return Rank

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

FDVV

FDVV Risk / Return Rank: 66
FDVV Sharpe Ratio Rank: 74
FDVV Sortino Ratio Rank: 73
FDVV Omega Ratio Rank: 74
FDVV Calmar Ratio Rank: 51
FDVV Martin Ratio Rank: 59

FDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Federated Hermes U.S. Strategic Dividend ETF (FDV). 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	FDV	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	2.95	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	9.49	—	—

Drawdowns

FDVV vs. FDV - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, which is greater than FDV's maximum drawdown of -3.33%. Use the drawdown chart below to compare losses from any high point for FDVV and FDV.

Drawdown Indicators

	FDVV	FDV	Difference
Max Drawdown Largest peak-to-trough decline	-40.25%	-3.33%	-36.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.18%	—	—
Current Drawdown Current decline from peak	-1.25%	-1.78%	+0.53%
Average Drawdown Average peak-to-trough decline	-3.79%	-1.16%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	FDVV	FDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	12.15%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	12.15%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	12.15%	+4.82%

FDVV vs. FDV - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is lower than FDV's 0.50% expense ratio.

Dividends

FDVV vs. FDV - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.86%, more than FDV's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDV Federated Hermes U.S. Strategic Dividend ETF	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.86%	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 FDV in my portfolio?

FDVV and FDV 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.

Which ETF is better, FDVV or FDV?

On fees, FDVV is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDVV or FDV?

FDVV is cheaper with a 0.29% expense ratio, compared with 0.50% for FDV.

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

FDVV has the higher dividend yield at 2.86%, compared with 0.27% for FDV.

What is the main difference between FDVV and FDV?

FDVV is categorized as Large Cap Blend Equities, while FDV is Large Cap Value Equities. They also come from different issuers: Fidelity and Federated. Their fees differ too: 0.29% for FDVV and 0.50% for FDV.