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FDVV vs. VYM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDVV vs. VYM

Last updated Aug 4, 2026
Documentation

FDVV (Fidelity High Dividend ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 5 years, FDVV returned 14.46%/yr vs 12.36%/yr for VYM. Their correlation of 0.92 means they have usually moved in the same direction. FDVV charges 0.29%/yr vs 0.04%/yr for VYM.

Performance

FDVV vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Dividend ETF (FDVV) and Vanguard High Dividend Yield ETF (VYM). 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 13.00% return, which is significantly lower than VYM's 14.80% return.

FDVV

1D
0.72%
1M
2.82%
6M
10.07%
YTD
13.00%
1Y
22.41%
3Y*
19.47%
5Y*
14.46%
10Y*
—
ALL TIME*
13.78%

VYM

1D
0.51%
1M
2.08%
6M
9.09%
YTD
14.80%
1Y
25.54%
3Y*
17.71%
5Y*
12.36%
10Y*
11.68%
ALL TIME*
9.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FDVV

Fidelity High Dividend ETF
$51.30M$49.38M$46.34M

VYM

Vanguard High Dividend Yield ETF
$204.09M$201.36M$203.61M

FDVV vs. VYM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDVV
Fidelity High Dividend ETF		13.00%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%
VYM
Vanguard High Dividend Yield ETF		14.80%15.42%17.60%6.57%-0.43%26.20%1.15%24.06%-5.92%16.42%

Correlation

The correlation between FDVV and VYM is 0.83, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.83

Correlation (3Y)
Balances recent behavior with more history.

0.88

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.92

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

0.92

The correlation between FDVV and VYM has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

FDVV vs. VYM - Sectors Allocation Comparison

Sectors
FDVV
VYM

Technology

28.1%
17.8%

Financial Services

18.5%
21.0%

Consumer Cyclical

13.4%
6.8%

Consumer Defensive

11.0%
8.1%

Real Estate

10.0%
0.0%

Utilities

9.1%
5.7%

Communication Services

3.4%
3.0%

Healthcare

3.3%
13.2%

Industrials

3.2%
12.6%

Basic Materials

-

3.3%

Energy

-

8.6%

Technology

FDVV
28.1%
VYM
17.8%

Financial Services

FDVV
18.5%
VYM
21.0%

Consumer Cyclical

FDVV
13.4%
VYM
6.8%

Consumer Defensive

FDVV
11.0%
VYM
8.1%

Real Estate

FDVV
10.0%
VYM
0.0%

Utilities

FDVV
9.1%
VYM
5.7%

Communication Services

FDVV
3.4%
VYM
3.0%

Healthcare

FDVV
3.3%
VYM
13.2%

Industrials

FDVV
3.2%
VYM
12.6%

Basic Materials

FDVV

-

VYM
3.3%

Energy

FDVV

-

VYM
8.6%

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

Vanguard High Dividend Yield ETF

Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIXFDVV vs. CGDV
Often compared with VYM:
VYM vs. SCHDVYM vs. VIGVYM vs. VYMIVYM vs. VOOVYM vs. VTIVYM vs. DGROVYM vs. VTV

Return for Risk

FDVV vs. VYM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FDVV
FDVV Risk / Return Rank: 8282
Overall Rank
FDVV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 8888
Sortino Ratio Rank
FDVV Omega Ratio Rank: 8888
Omega Ratio Rank
FDVV Calmar Ratio Rank: 6969
Calmar Ratio Rank
FDVV Martin Ratio Rank: 7777
Martin Ratio Rank
VYM
VYM Risk / Return Rank: 9292
Overall Rank
VYM Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
VYM Sortino Ratio Rank: 9393
Sortino Ratio Rank
VYM Omega Ratio Rank: 9292
Omega Ratio Rank
VYM Calmar Ratio Rank: 9090
Calmar Ratio Rank
VYM Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDVV vs. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Vanguard High Dividend Yield ETF (VYM). 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.

FDVVVYMDifference
Sharpe ratioReturn per unit of total volatility
2.18
2.52

-0.34

Sortino ratioReturn per unit of downside risk
3.02
3.60

-0.58

Omega ratioGain probability vs. loss probability

1.40

1.46

-0.07

Calmar ratioReturn relative to maximum drawdown

2.42

3.83

-1.41

Martin ratioReturn relative to average drawdown

9.96

14.40

-4.44

FDVV vs. VYM - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.18, which is comparable to the VYM Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FDVV and VYM, 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. VYM - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FDVV and VYM.

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Drawdown Indicators

FDVVVYMDifference

Max Drawdown

Largest peak-to-trough decline

-40.25%

-56.98%

+16.73%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-6.69%

-2.61%

Max Drawdown (3Y)

Largest decline over 3 years

-15.90%

-14.46%

-1.44%

Max Drawdown (5Y)

Largest decline over 5 years

-20.18%

-15.84%

-4.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.21%

—

Current Drawdown

Current decline from peak

-0.41%

-0.64%

+0.23%

Average Drawdown

Average peak-to-trough decline

-3.76%

-7.14%

+3.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

1.78%

+0.47%

Volatility

FDVV vs. VYM - Volatility Comparison

Fidelity High Dividend ETF (FDVV) has a higher volatility of 2.98% compared to Vanguard High Dividend Yield ETF (VYM) at 2.40%. This indicates that FDVV's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDVVVYMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

2.40%

+0.58%

Volatility (6M)

Calculated over the trailing 6-month period

8.38%

7.43%

+0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

10.34%

10.19%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.69%

13.87%

+0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.91%

16.30%

+0.61%

FDVV vs. VYM - Expense Ratio Comparison

FDVV has a 0.29% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

FDVV vs. VYM - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.74%, more than VYM's 2.23% 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%
VYM
Vanguard High Dividend Yield ETF		2.23%2.44%2.74%3.12%3.01%2.76%3.18%3.03%3.40%2.80%2.91%3.22%

Frequently Asked Questions

FDVV and VYM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDVV has higher volatility (2.98%) compared to VYM (2.40%). In terms of maximum drawdown, FDVV dropped -40.25% vs VYM's -56.98%.

On 5-year performance, FDVV leads with 14.46% vs 12.36% for VYM. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 2.40%. 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 14.46% return vs 12.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VYM is cheaper with a 0.04% expense ratio, compared with 0.29% for FDVV.

FDVV has the higher dividend yield at 2.74%, compared with 2.23% for VYM.

FDVV is categorized as Large Cap Blend Equities, while VYM is Dividend. FDVV tracks Fidelity Core Dividend Index, while VYM tracks FTSE High Dividend Yield Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.29% for FDVV and 0.04% for VYM.

VYM currently has the higher Sharpe Ratio (2.52 vs 2.18), 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.

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