FDVV vs. FNILX
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Fidelity ZERO Large Cap Index Fund (FNILX).
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. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDVV or FNILX.
Correlation
The correlation between FDVV and FNILX is 0.89, 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. FNILX - Performance Comparison
Key characteristics
FDVV:
0.67
FNILX:
0.54
FDVV:
1.02
FNILX:
0.88
FDVV:
1.15
FNILX:
1.13
FDVV:
0.67
FNILX:
0.56
FDVV:
3.08
FNILX:
2.29
FDVV:
3.48%
FNILX:
4.66%
FDVV:
16.05%
FNILX:
19.67%
FDVV:
-40.25%
FNILX:
-33.75%
FDVV:
-7.99%
FNILX:
-10.09%
Returns By Period
In the year-to-date period, FDVV achieves a -3.68% return, which is significantly higher than FNILX's -5.83% return.
FDVV
-3.68%
-2.89%
-4.69%
10.76%
17.22%
N/A
FNILX
-5.83%
-0.86%
-4.10%
9.99%
15.81%
N/A
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FDVV vs. FNILX - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
FDVV vs. FNILX — Risk-Adjusted Performance Rank
FDVV
FNILX
FDVV vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Fidelity ZERO Large Cap Index Fund (FNILX). 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. FNILX - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 3.18%, more than FNILX's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 3.18% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.16% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% | 0.00% | 0.00% |
Drawdowns
FDVV vs. FNILX - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FDVV and FNILX. For additional features, visit the drawdowns tool.
Volatility
FDVV vs. FNILX - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 12.13%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 14.30%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.