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FDVV vs. ITOT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDVV vs. ITOT

Last updated Jun 25, 2026

FDVV (Fidelity High Dividend ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - FDVV tracks the Fidelity Core Dividend Index while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past 5 years, FDVV returned 13.59%/yr vs 11.83%/yr for ITOT. Their correlation of 0.88 suggests significant overlap in exposure. FDVV charges 0.29%/yr vs 0.03%/yr for ITOT.

Performance

FDVV vs. ITOT - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with FDVV having a 8.46% return and ITOT slightly higher at 8.86%.

FDVV

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

ITOT

1D
-0.07%
1M
-0.87%
YTD
8.86%
6M
7.40%
1Y
22.71%
3Y*
20.64%
5Y*
11.83%
10Y*
15.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDVV vs. ITOT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDVV
Fidelity High Dividend ETF		8.46%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%
ITOT
iShares Core S&P Total U.S. Stock Market ETF		8.86%17.00%23.80%26.12%-19.47%25.68%20.71%30.67%-5.33%21.37%

Correlation

The correlation between FDVV and ITOT is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.80

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

0.86

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

0.89

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.88

The correlation between FDVV and ITOT has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

FDVV vs. ITOT - Sectors Allocation Comparison

Sectors
FDVV
ITOT

Technology

30.5%
37.2%

Financial Services

17.0%
11.4%

Consumer Cyclical

13.6%
9.8%

Consumer Defensive

10.7%
4.3%

Real Estate

9.9%
2.3%

Utilities

8.6%
2.1%

Communication Services

3.6%
9.8%

Healthcare

3.0%
8.8%

Industrials

3.0%
9.1%

Basic Materials

-

2.0%

Energy

-

3.3%

Technology

FDVV
30.5%
ITOT
37.2%

Financial Services

FDVV
17.0%
ITOT
11.4%

Consumer Cyclical

FDVV
13.6%
ITOT
9.8%

Consumer Defensive

FDVV
10.7%
ITOT
4.3%

Real Estate

FDVV
9.9%
ITOT
2.3%

Utilities

FDVV
8.6%
ITOT
2.1%

Communication Services

FDVV
3.6%
ITOT
9.8%

Healthcare

FDVV
3.0%
ITOT
8.8%

Industrials

FDVV
3.0%
ITOT
9.1%

Basic Materials

FDVV

-

ITOT
2.0%

Energy

FDVV

-

ITOT
3.3%

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 S&P Total U.S. Stock Market ETF

Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX
Often compared with ITOT:
ITOT vs. VTIITOT vs. VOOITOT vs. SCHBITOT vs. SPYITOT vs. FSKAXITOT vs. IVVITOT vs. IXUS

Return for Risk

FDVV vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDVV
FDVV Risk / Return Rank: 6666
Overall Rank
FDVV Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 7373
Sortino Ratio Rank
FDVV Omega Ratio Rank: 7474
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5151
Calmar Ratio Rank
FDVV Martin Ratio Rank: 5959
Martin Ratio Rank
ITOT
ITOT Risk / Return Rank: 6060
Overall Rank
ITOT Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
ITOT Sortino Ratio Rank: 5757
Sortino Ratio Rank
ITOT Omega Ratio Rank: 5858
Omega Ratio Rank
ITOT Calmar Ratio Rank: 5858
Calmar Ratio Rank
ITOT Martin Ratio Rank: 6969
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. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

FDVVITOTDifference
Sharpe ratioReturn per unit of total volatility
2.11
1.79

+0.32

Sortino ratioReturn per unit of downside risk
2.95
2.45

+0.51

Omega ratioGain probability vs. loss probability

1.39

1.32

+0.07

Calmar ratioReturn relative to maximum drawdown

2.30

2.56

-0.27

Martin ratioReturn relative to average drawdown

9.49

11.32

-1.83

FDVV vs. ITOT - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.11, which is comparable to the ITOT Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of FDVV and ITOT, 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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Drawdowns

FDVV vs. ITOT - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for FDVV and ITOT.

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Drawdown Indicators

FDVVITOTDifference

Max Drawdown

Largest peak-to-trough decline

-40.25%

-55.20%

+14.95%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-8.90%

-0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-15.90%

-19.44%

+3.54%

Max Drawdown (5Y)

Largest decline over 5 years

-20.18%

-25.36%

+5.18%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.00%

—

Current Drawdown

Current decline from peak

-1.25%

-2.86%

+1.61%

Average Drawdown

Average peak-to-trough decline

-3.79%

-6.96%

+3.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

2.01%

+0.24%

Volatility

FDVV vs. ITOT - Volatility Comparison

The current volatility for Fidelity High Dividend ETF (FDVV) is 2.97%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.93%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDVVITOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

4.93%

-1.96%

Volatility (6M)

Calculated over the trailing 6-month period

8.25%

10.02%

-1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

10.14%

12.82%

-2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.73%

17.46%

-2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.97%

18.28%

-1.31%

FDVV vs. ITOT - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

FDVV vs. ITOT - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.86%, more than ITOT's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
ITOT
iShares Core S&P Total U.S. Stock Market ETF		1.02%1.11%1.23%1.47%1.66%1.18%1.41%1.88%2.14%1.69%1.83%2.01%

Frequently Asked Questions

FDVV and ITOT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ITOT has higher volatility (4.93%) compared to FDVV (2.97%). In terms of maximum drawdown, FDVV dropped -40.25% vs ITOT's -55.20%.

On 5-year performance, FDVV leads with 13.59% vs 11.83% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, FDVV has been the lower-risk option at 2.97%. 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 13.59% return vs 11.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ITOT is cheaper with a 0.03% expense ratio, compared with 0.29% for FDVV.

FDVV has the higher dividend yield at 2.86%, compared with 1.02% for ITOT.

FDVV tracks Fidelity Core Dividend Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.29% for FDVV and 0.03% for ITOT.

FDVV currently has the higher Sharpe Ratio (2.11 vs 1.79), 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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