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FFLG vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FFLG vs. HDV

Last updated Aug 4, 2026
Documentation

FFLG (Fidelity Fundamental Large Cap Growth ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FFLG is a Large Cap Growth Equities fund actively managed by Fidelity, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. FFLG is actively managed, while HDV is passively managed. Over the past 5 years, FFLG returned 9.43%/yr vs 12.13%/yr for HDV. Their 0.25 correlation means their historical movements had little consistent relationship. FFLG charges 0.38%/yr vs 0.08%/yr for HDV.

Performance

FFLG vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Growth ETF (FFLG) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FFLG achieves a 9.18% return, which is significantly lower than HDV's 19.66% return.

FFLG

1D
2.41%
1M
-1.57%
6M
8.17%
YTD
9.18%
1Y
20.68%
3Y*
23.88%
5Y*
9.43%
10Y*
—
ALL TIME*
9.48%

HDV

1D
-0.31%
1M
2.46%
6M
10.00%
YTD
19.66%
1Y
25.24%
3Y*
15.80%
5Y*
12.13%
10Y*
9.57%
ALL TIME*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

FFLG

Fidelity Fundamental Large Cap Growth ETF
$3.52M$6.28M$4.13M

HDV

iShares Core High Dividend ETF
$168.30M$156.51M$108.57M

FFLG vs. HDV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FFLG
Fidelity Fundamental Large Cap Growth ETF		9.18%19.61%32.29%49.71%-37.86%2.32%
HDV
iShares Core High Dividend ETF		19.66%11.90%14.16%1.72%7.05%19.07%

Correlation

The correlation between FFLG and HDV is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

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

-0.24

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

0.02

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

0.26

Correlation (All Time)
Calculated using the full available price history since Feb 4, 2021

0.25

The correlation between FFLG and HDV shifts across timeframes, from -0.24 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

FFLG vs. HDV - Sectors Allocation Comparison

Sectors
FFLG
HDV

Technology

49.2%
0.9%

Communication Services

16.1%
5.2%

Healthcare

7.4%
23.9%

Industrials

7.2%
2.8%

Consumer Cyclical

6.9%
9.3%

Financial Services

3.6%
4.7%

Utilities

1.7%
8.2%

Basic Materials

1.2%
0.8%

Real Estate

0.9%

-

Consumer Defensive

0.6%
24.3%

Energy

0.3%
19.8%

Technology

FFLG
49.2%
HDV
0.9%

Communication Services

FFLG
16.1%
HDV
5.2%

Healthcare

FFLG
7.4%
HDV
23.9%

Industrials

FFLG
7.2%
HDV
2.8%

Consumer Cyclical

FFLG
6.9%
HDV
9.3%

Financial Services

FFLG
3.6%
HDV
4.7%

Utilities

FFLG
1.7%
HDV
8.2%

Basic Materials

FFLG
1.2%
HDV
0.8%

Real Estate

FFLG
0.9%
HDV

-

Consumer Defensive

FFLG
0.6%
HDV
24.3%

Energy

FFLG
0.3%
HDV
19.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Fundamental Large Cap Growth ETF

iShares Core High Dividend ETF

Often compared with FFLG:
FFLG vs. FELGFFLG vs. SCHGFFLG vs. FBGRXFFLG vs. FSPGXFFLG vs. FFLVFFLG vs. FFSMFFLG vs. FNILX
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

FFLG vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FFLG
FFLG Risk / Return Rank: 3939
Overall Rank
FFLG Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
FFLG Sortino Ratio Rank: 3737
Sortino Ratio Rank
FFLG Omega Ratio Rank: 3636
Omega Ratio Rank
FFLG Calmar Ratio Rank: 4040
Calmar Ratio Rank
FFLG Martin Ratio Rank: 4242
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 9191
Overall Rank
HDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9393
Sortino Ratio Rank
HDV Omega Ratio Rank: 8989
Omega Ratio Rank
HDV Calmar Ratio Rank: 9494
Calmar Ratio Rank
HDV Martin Ratio Rank: 8888
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.

FFLG vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Growth ETF (FFLG) 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.

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.

FFLGHDVDifference
Sharpe ratioReturn per unit of total volatility
0.97
2.34

-1.37

Sortino ratioReturn per unit of downside risk
1.43
3.53

-2.10

Omega ratioGain probability vs. loss probability

1.18

1.41

-0.24

Calmar ratioReturn relative to maximum drawdown

1.46

4.90

-3.44

Martin ratioReturn relative to average drawdown

4.69

13.39

-8.69

FFLG vs. HDV - Sharpe Ratio Comparison

The current FFLG Sharpe Ratio is 0.97, which is lower than the HDV Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FFLG and HDV, 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

FFLG vs. HDV - Drawdown Comparison

The maximum FFLG drawdown since its inception was -44.52%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FFLG and HDV.

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Drawdown Indicators

FFLGHDVDifference

Max Drawdown

Largest peak-to-trough decline

-44.52%

-37.04%

-7.48%

Max Drawdown (1Y)

Largest decline over 1 year

-14.23%

-5.18%

-9.05%

Max Drawdown (3Y)

Largest decline over 3 years

-26.72%

-10.49%

-16.23%

Max Drawdown (5Y)

Largest decline over 5 years

-44.52%

-15.42%

-29.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-7.12%

-1.72%

-5.40%

Average Drawdown

Average peak-to-trough decline

-14.01%

-3.06%

-10.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.41%

1.89%

+2.52%

Volatility

FFLG vs. HDV - Volatility Comparison

Fidelity Fundamental Large Cap Growth ETF (FFLG) has a higher volatility of 7.78% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that FFLG'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

FFLGHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.78%

4.52%

+3.26%

Volatility (6M)

Calculated over the trailing 6-month period

17.63%

8.66%

+8.97%

Volatility (1Y)

Calculated over the trailing 1-year period

21.35%

10.83%

+10.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.80%

12.95%

+12.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.52%

15.79%

+9.73%

FFLG vs. HDV - Expense Ratio Comparison

FFLG has a 0.38% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

FFLG vs. HDV - Dividend Comparison

FFLG's dividend yield for the trailing twelve months is around 0.13%, less than HDV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
FFLG
Fidelity Fundamental Large Cap Growth ETF		0.13%0.14%0.09%0.00%1.50%0.55%0.00%0.00%0.00%0.00%0.00%0.00%
HDV
iShares Core High Dividend ETF		3.08%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%

Frequently Asked Questions

FFLG and HDV have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FFLG has higher volatility (7.78%) compared to HDV (4.52%). In terms of maximum drawdown, FFLG dropped -44.52% vs HDV's -37.04%.

On 5-year performance, HDV leads with 12.13% vs 9.43% for FFLG. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HDV has performed better with a 12.13% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.38% for FFLG.

HDV has the higher dividend yield at 3.08%, compared with 0.13% for FFLG.

FFLG is categorized as Large Cap Growth Equities, while HDV is Dividend. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FFLG and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.34 vs 0.97), 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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