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FDVV vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDVV vs. HDV

Last updated Jun 9, 2026

FDVV (Fidelity High Dividend ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 5 years, FDVV returned 13.25%/yr vs 10.58%/yr for HDV. A 0.80 correlation means they provide meaningful diversification when combined. FDVV charges 0.29%/yr vs 0.08%/yr for HDV.

Performance

FDVV vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Dividend ETF (FDVV) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDVV achieves a 7.59% return, which is significantly lower than HDV's 13.23% return.

FDVV

1D
-0.21%
1M
1.68%
YTD
7.59%
6M
7.85%
1Y
22.32%
3Y*
19.56%
5Y*
13.25%
10Y*
—

HDV

1D
-0.44%
1M
2.01%
YTD
13.23%
6M
14.65%
1Y
21.13%
3Y*
14.75%
5Y*
10.58%
10Y*
9.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDVV vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDVV
Fidelity High Dividend ETF		7.59%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%
HDV
iShares Core High Dividend ETF		13.23%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between FDVV and HDV is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2016

0.80

Over the past year, the correlation between FDVV and HDV has dropped to 0.50 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

FDVV vs. HDV - Sectors Allocation Comparison

Sectors
FDVV
HDV

Technology

29.1%
8.2%

Financial Services

17.0%
11.1%

Consumer Cyclical

13.6%
6.1%

Consumer Defensive

11.0%
24.1%

Real Estate

10.1%

-

Utilities

8.7%
9.2%

Communication Services

3.7%
0.1%

Industrials

3.4%
1.4%

Healthcare

3.1%
16.5%

Basic Materials

-

1.2%

Energy

-

22.3%

Technology

FDVV
29.1%
HDV
8.2%

Financial Services

FDVV
17.0%
HDV
11.1%

Consumer Cyclical

FDVV
13.6%
HDV
6.1%

Consumer Defensive

FDVV
11.0%
HDV
24.1%

Real Estate

FDVV
10.1%
HDV

-

Utilities

FDVV
8.7%
HDV
9.2%

Communication Services

FDVV
3.7%
HDV
0.1%

Industrials

FDVV
3.4%
HDV
1.4%

Healthcare

FDVV
3.1%
HDV
16.5%

Basic Materials

FDVV

-

HDV
1.2%

Energy

FDVV

-

HDV
22.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity High Dividend ETF

iShares Core High Dividend ETF

Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

FDVV vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDVV
FDVV Risk / Return Rank: 6969
Overall Rank
FDVV Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 7878
Sortino Ratio Rank
FDVV Omega Ratio Rank: 7777
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5454
Calmar Ratio Rank
FDVV Martin Ratio Rank: 6161
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7575
Overall Rank
HDV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 8181
Sortino Ratio Rank
HDV Omega Ratio Rank: 7070
Omega Ratio Rank
HDV Calmar Ratio Rank: 8484
Calmar Ratio Rank
HDV Martin Ratio Rank: 6868
Martin Ratio Rank
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. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and iShares Core High Dividend ETF (HDV). 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.

FDVVHDVDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.19

+0.04

Sortino ratioReturn per unit of downside risk
3.12
3.23

-0.12

Omega ratioGain probability vs. loss probability

1.41

1.38

+0.03

Calmar ratioReturn relative to maximum drawdown

2.41

4.10

-1.69

Martin ratioReturn relative to average drawdown

10.00

11.37

-1.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDVV vs. HDV - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.23, which is comparable to the HDV Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FDVV and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FDVVHDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

2.19

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

0.83

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.72

+0.06

Drawdowns

FDVV vs. HDV - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FDVV and HDV.

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Drawdown Indicators

FDVVHDVDifference

Max Drawdown

Largest peak-to-trough decline

-40.25%

-37.04%

-3.21%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-5.18%

-4.12%

Max Drawdown (3Y)

Largest decline over 3 years

-15.90%

-10.49%

-5.41%

Max Drawdown (5Y)

Largest decline over 5 years

-20.18%

-15.42%

-4.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-1.85%

-2.08%

+0.23%

Average Drawdown

Average peak-to-trough decline

-3.80%

-3.09%

-0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

1.86%

+0.38%

Volatility

FDVV vs. HDV - Volatility Comparison

Fidelity High Dividend ETF (FDVV) and iShares Core High Dividend ETF (HDV) have volatilities of 2.96% and 3.08%, 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

FDVVHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

3.08%

-0.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.08%

7.51%

+0.57%

Volatility (1Y)

Calculated over the trailing 1-year period

10.07%

9.71%

+0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.75%

12.82%

+1.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.99%

15.73%

+1.26%

FDVV vs. HDV - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

FDVV vs. HDV - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.74%, less than HDV's 2.89% yield.

PositionTTM20252024202320222021202020192018201720162015
FDVV
Fidelity High Dividend ETF		2.74%2.89%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.66%1.04%0.00%
HDV
iShares Core High Dividend ETF		2.89%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%

Frequently Asked Questions

FDVV and HDV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HDV has higher volatility (3.08%) compared to FDVV (2.96%). In terms of maximum drawdown, FDVV dropped -40.25% vs HDV's -37.04%.

On 5-year performance, FDVV leads with 13.25% vs 10.58% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, FDVV has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDVV has performed better with a 13.25% return vs 10.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.29% for FDVV.

HDV has the higher dividend yield at 2.89%, compared with 2.74% for FDVV.

FDVV is categorized as Large Cap Blend Equities, while HDV is Dividend. FDVV tracks Fidelity Core Dividend Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.29% for FDVV and 0.08% for HDV.

FDVV currently has the higher Sharpe Ratio (2.23 vs 2.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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