FDVV vs. VOO
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Vanguard S&P 500 ETF (VOO).
FDVV and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FDVV and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDVV or VOO.
Performance
FDVV vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FDVV having a 24.98% return and VOO slightly higher at 25.52%.
FDVV
24.98%
0.51%
12.59%
33.37%
14.51%
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| FDVV | VOO | |
|---|---|---|
| Sharpe Ratio | 3.23 | 2.62 |
| Sortino Ratio | 4.42 | 3.50 |
| Omega Ratio | 1.60 | 1.49 |
| Calmar Ratio | 6.52 | 3.78 |
| Martin Ratio | 27.40 | 17.12 |
| Ulcer Index | 1.20% | 1.86% |
| Daily Std Dev | 10.19% | 12.19% |
| Max Drawdown | -40.25% | -33.99% |
| Current Drawdown | -0.67% | -1.36% |
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FDVV vs. VOO - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between FDVV and VOO is 0.89, 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.
Risk-Adjusted Performance
FDVV vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
FDVV vs. VOO - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.73%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.73% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FDVV vs. VOO - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDVV and VOO. For additional features, visit the drawdowns tool.
Volatility
FDVV vs. VOO - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 2.54%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.