FELV vs. HDV
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and iShares Core High Dividend ETF (HDV).
FELV and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011.
Performance
FELV vs. HDV - Performance Comparison
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FELV vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.19% | 15.80% | 15.89% | 7.19% |
HDV iShares Core High Dividend ETF | 12.30% | 11.90% | 14.16% | 5.10% |
Returns By Period
In the year-to-date period, FELV achieves a 1.19% return, which is significantly lower than HDV's 12.30% return.
FELV
- 1D
- 2.26%
- 1M
- -4.75%
- YTD
- 1.19%
- 6M
- 5.03%
- 1Y
- 15.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.24%
- 1M
- -2.54%
- YTD
- 12.30%
- 6M
- 12.67%
- 1Y
- 15.69%
- 3Y*
- 13.97%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
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FELV vs. HDV - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is higher than HDV's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FELV vs. HDV — Risk / Return Rank
FELV
HDV
FELV vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and iShares Core High Dividend ETF (HDV). 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.
| FELV | HDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.24 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.70 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.65 | -0.22 |
Martin ratioReturn relative to average drawdown | 6.73 | 6.01 | +0.73 |
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
| FELV | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.24 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.73 | +0.55 |
Correlation
The correlation between FELV and HDV is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FELV vs. HDV - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.71%, less than HDV's 2.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.71% | 1.67% | 2.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.92% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Drawdowns
FELV vs. HDV - Drawdown Comparison
The maximum FELV drawdown since its inception was -16.08%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FELV and HDV.
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Drawdown Indicators
| FELV | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -37.04% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -10.04% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -4.75% | -2.58% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -3.09% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.88% | -0.40% |
Volatility
FELV vs. HDV - Volatility Comparison
Fidelity Enhanced Large Cap Value ETF (FELV) has a higher volatility of 4.43% compared to iShares Core High Dividend ETF (HDV) at 2.94%. This indicates that FELV's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FELV | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 2.94% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 7.06% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 12.79% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 12.78% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 15.70% | -2.12% |