FDVV vs. FREL
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Fidelity MSCI Real Estate Index ETF (FREL).
FDVV and FREL 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. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015. Both FDVV and FREL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FDVV vs. FREL - Performance Comparison
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FDVV vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | -1.78% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
Returns By Period
In the year-to-date period, FDVV achieves a -1.78% return, which is significantly lower than FREL's 0.98% return.
FDVV
- 1D
- 2.35%
- 1M
- -5.66%
- YTD
- -1.78%
- 6M
- 0.65%
- 1Y
- 14.82%
- 3Y*
- 16.89%
- 5Y*
- 12.68%
- 10Y*
- —
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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FDVV vs. FREL - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is higher than FREL's 0.08% expense ratio.
Return for Risk
FDVV vs. FREL — Risk / Return Rank
FDVV
FREL
FDVV vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
| FDVV | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.09 | +0.88 |
Sortino ratioReturn per unit of downside risk | 1.41 | 0.24 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.03 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.20 | +1.09 |
Martin ratioReturn relative to average drawdown | 5.68 | 0.77 | +4.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDVV | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.09 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.14 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.23 | +0.51 |
Correlation
The correlation between FDVV and FREL is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FDVV vs. FREL - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 3.00%, less than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 3.00% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
FDVV vs. FREL - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FDVV and FREL.
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Drawdown Indicators
| FDVV | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -42.61% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -12.42% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | -34.40% | +14.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -7.04% | -9.83% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -10.05% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.19% | -0.38% |
Volatility
FDVV vs. FREL - Volatility Comparison
Fidelity High Dividend ETF (FDVV) and Fidelity MSCI Real Estate Index ETF (FREL) have volatilities of 4.48% and 4.55%, 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.
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Volatility by Period
| FDVV | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 4.55% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 9.29% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 16.41% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 18.85% | -4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 20.67% | -3.58% |