FDVV vs. THLV
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and THOR Equal Weight Low Volatility ETF (THLV).
FDVV and THLV 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. THLV is a passively managed fund by THOR that tracks the performance of the THOR Equal Weight Low Volatility Index. It was launched on Sep 12, 2022. Both FDVV and THLV 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. THLV - Performance Comparison
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FDVV vs. THLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | -1.78% | 17.08% | 21.81% | 18.00% | 1.71% |
THLV THOR Equal Weight Low Volatility ETF | 6.82% | 10.50% | 9.52% | 5.88% | 2.55% |
Returns By Period
In the year-to-date period, FDVV achieves a -1.78% return, which is significantly lower than THLV's 6.82% return.
FDVV
- 1D
- 2.35%
- 1M
- -5.66%
- YTD
- -1.78%
- 6M
- 0.65%
- 1Y
- 14.82%
- 3Y*
- 16.89%
- 5Y*
- 12.68%
- 10Y*
- —
THLV
- 1D
- 1.01%
- 1M
- -4.37%
- YTD
- 6.82%
- 6M
- 8.18%
- 1Y
- 20.10%
- 3Y*
- 11.20%
- 5Y*
- —
- 10Y*
- —
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FDVV vs. THLV - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is lower than THLV's 0.64% expense ratio.
Return for Risk
FDVV vs. THLV — Risk / Return Rank
FDVV
THLV
FDVV vs. THLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and THOR Equal Weight Low Volatility ETF (THLV). 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 | THLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.79 | -0.82 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.50 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.15 | -1.85 |
Martin ratioReturn relative to average drawdown | 5.68 | 11.39 | -5.71 |
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 | THLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.79 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.86 | -0.12 |
Correlation
The correlation between FDVV and THLV is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FDVV vs. THLV - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 3.00%, more than THLV's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
THLV THOR Equal Weight Low Volatility ETF | 1.66% | 1.77% | 1.25% | 2.72% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDVV vs. THLV - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for FDVV and THLV.
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Drawdown Indicators
| FDVV | THLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.25% | -13.15% | -27.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -6.66% | -5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | — | — |
Current DrawdownCurrent decline from peak | -7.04% | -4.37% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -3.75% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.84% | +0.97% |
Volatility
FDVV vs. THLV - Volatility Comparison
Fidelity High Dividend ETF (FDVV) has a higher volatility of 4.48% compared to THOR Equal Weight Low Volatility ETF (THLV) at 3.55%. This indicates that FDVV's price experiences larger fluctuations and is considered to be riskier than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVV | THLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.55% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 7.61% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 11.31% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 11.80% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 11.80% | +5.29% |