FDVV vs. SELV

Last updated Jul 17, 2026

FDVV (Fidelity High Dividend ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Large Cap Blend Equities funds. FDVV is passively managed, while SELV is actively managed. Over the past 3 years, FDVV returned 19.36%/yr vs 11.58%/yr for SELV. A 0.77 correlation means they provide meaningful diversification when combined. FDVV charges 0.29%/yr vs 0.15%/yr for SELV.

Performance

FDVV vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Dividend ETF (FDVV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDVV achieves a 12.35% return, which is significantly higher than SELV's 5.03% return.

FDVV

• 1D: 0.58%
• 1M: 2.31%
• 6M: 10.79%
• YTD: 12.35%
• 1Y: 21.91%
• 3Y*: 19.36%
• 5Y*: 14.45%
• 10Y*: —

SELV

• 1D: 2.00%
• 1M: 2.54%
• 6M: 3.27%
• YTD: 5.03%
• 1Y: 11.14%
• 3Y*: 11.58%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDVV vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDVV Fidelity High Dividend ETF	12.35%	17.08%	21.81%	18.00%	-2.99%
SELV SEI Enhanced Low Volatility US Large Cap ETF	5.03%	12.86%	14.71%	6.58%	-0.61%

Correlation

The correlation between FDVV and SELV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.77

Over the past year, the correlation between FDVV and SELV has dropped to 0.52 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

FDVV vs. SELV - Sectors Allocation Comparison

Sectors	FDVV	SELV
Technology	30.5%	21.4%
Financial Services	17.0%	4.8%
Consumer Cyclical	13.6%	4.9%
Consumer Defensive	10.7%	12.3%
Real Estate	9.9%	0.1%
Utilities	8.6%	7.6%
Communication Services	3.6%	15.8%
Healthcare	3.0%	17.0%
Industrials	3.0%	7.5%
Basic Materials	-	2.8%
Energy	-	4.3%

Return for Risk

FDVV vs. SELV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDVV

FDVV Risk / Return Rank: 76
FDVV Sharpe Ratio Rank: 85
FDVV Sortino Ratio Rank: 84
FDVV Omega Ratio Rank: 84
FDVV Calmar Ratio Rank: 59
FDVV Martin Ratio Rank: 68

SELV

SELV Risk / Return Rank: 41
SELV Sharpe Ratio Rank: 40
SELV Sortino Ratio Rank: 40
SELV Omega Ratio Rank: 38
SELV Calmar Ratio Rank: 46
SELV Martin Ratio Rank: 40

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. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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.

	FDVV	SELV	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.18	+1.00
Sortino ratio: Return per unit of downside risk	3.03	1.74	+1.29
Omega ratio: Gain probability vs. loss probability	1.40	1.21	+0.19
Calmar ratio: Return relative to maximum drawdown	2.37	1.89	+0.48
Martin ratio: Return relative to average drawdown	9.74	5.03	+4.71

FDVV vs. SELV - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.17, which is higher than the SELV Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FDVV and SELV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDVV vs. SELV - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for FDVV and SELV.

Drawdown Indicators

	FDVV	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-40.25%	-13.73%	-26.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-5.92%	-3.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.90%	-8.94%	-6.96%
Max Drawdown (5Y) Largest decline over 5 years	-20.18%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.77%	-2.37%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.22%	+0.04%

Volatility

FDVV vs. SELV - Volatility Comparison

The current volatility for Fidelity High Dividend ETF (FDVV) is 2.60%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 4.60%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVV	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	4.60%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	7.67%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	9.53%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	11.95%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	11.95%	+4.98%

FDVV vs. SELV - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is higher than SELV's 0.15% expense ratio.

Dividends

FDVV vs. SELV - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.76%, more than SELV's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDVV Fidelity High Dividend ETF	2.76%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.70%	1.74%	1.77%	2.06%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDVV and SELV in my portfolio?

FDVV and SELV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDVV or SELV?

SELV has higher volatility (4.60%) compared to FDVV (2.60%). In terms of maximum drawdown, FDVV dropped -40.25% vs SELV's -13.73%.

Which ETF is better, FDVV or SELV?

On 3-year performance, FDVV leads with 19.36% vs 11.58% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, FDVV has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDVV or SELV?

Over the 3-year period, FDVV has performed better with a 19.36% return vs 11.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDVV or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.29% for FDVV.

Which ETF pays a higher dividend yield, FDVV or SELV?

FDVV has the higher dividend yield at 2.76%, compared with 1.70% for SELV.

What is the main difference between FDVV and SELV?

They also come from different issuers: Fidelity and SEI. Their fees differ too: 0.29% for FDVV and 0.15% for SELV.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.17 vs 1.18), 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.