FDVV vs. GIOTX
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and GMO International Developed Equity Allocation Fund (GIOTX).
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. GIOTX is managed by GMO. It was launched on Jun 4, 2006.
Performance
FDVV vs. GIOTX - Performance Comparison
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Returns By Period
In the year-to-date period, FDVV achieves a -1.14% return, which is significantly lower than GIOTX's 7.21% return.
FDVV
- 1D
- 0.36%
- 1M
- -3.19%
- YTD
- -1.14%
- 6M
- 0.78%
- 1Y
- 27.70%
- 3Y*
- 16.87%
- 5Y*
- 12.82%
- 10Y*
- —
GIOTX
- 1D
- -0.69%
- 1M
- -0.24%
- YTD
- 7.21%
- 6M
- 15.92%
- 1Y
- 52.38%
- 3Y*
- 24.11%
- 5Y*
- 13.07%
- 10Y*
- 11.20%
FDVV vs. GIOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | -1.14% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
GIOTX GMO International Developed Equity Allocation Fund | 7.21% | 43.70% | 10.66% | 21.03% | -12.41% | 11.14% | 7.43% | 24.45% | -19.66% | 26.38% |
Correlation
The correlation between FDVV and GIOTX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
FDVV vs. GIOTX - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is higher than GIOTX's 0.00% expense ratio.
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Return for Risk
FDVV vs. GIOTX — Risk / Return Rank
FDVV
GIOTX
FDVV vs. GIOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and GMO International Developed Equity Allocation Fund (GIOTX). 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 | GIOTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 2.35 | -1.35 |
Sortino ratioReturn per unit of downside risk | 1.45 | 3.03 | -1.58 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.45 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 3.74 | -2.48 |
Martin ratioReturn relative to average drawdown | 5.44 | 13.98 | -8.54 |
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 | GIOTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 2.35 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.86 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.31 | +0.43 |
Drawdowns
FDVV vs. GIOTX - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum GIOTX drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for FDVV and GIOTX.
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Drawdown Indicators
| FDVV | GIOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -56.51% | +16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -10.66% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | -29.68% | +9.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.29% | — |
Current DrawdownCurrent decline from peak | -6.44% | -6.30% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -14.35% | +10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.85% | +0.02% |
Volatility
FDVV vs. GIOTX - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 4.47%, while GMO International Developed Equity Allocation Fund (GIOTX) has a volatility of 7.14%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than GIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVV | GIOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 7.14% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 11.84% | -4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 16.98% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 15.24% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 16.28% | +0.80% |
Dividends
FDVV vs. GIOTX - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.98%, less than GIOTX's 7.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.98% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
GIOTX GMO International Developed Equity Allocation Fund | 7.50% | 8.04% | 5.07% | 6.54% | 4.45% | 6.67% | 4.48% | 3.74% | 3.90% | 3.15% | 4.04% | 3.39% |