FFLV vs. HDV
FFLV (Fidelity Fundamental Large Cap Value ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - FFLV is a Large Cap Value Equities fund actively managed by Fidelity, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. FFLV is actively managed, while HDV is passively managed. Over the past year, FFLV returned 29.12% vs 22.15% for HDV. A 0.68 correlation means they provide meaningful diversification when combined. FFLV charges 0.38%/yr vs 0.08%/yr for HDV.
Performance
FFLV vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, FFLV achieves a 12.45% return, which is significantly lower than HDV's 13.48% return.
FFLV
- 1D
- 1.11%
- 1M
- 2.55%
- YTD
- 12.45%
- 6M
- 14.00%
- 1Y
- 29.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.70%
- 1M
- 0.51%
- YTD
- 13.48%
- 6M
- 13.49%
- 1Y
- 22.15%
- 3Y*
- 15.28%
- 5Y*
- 10.47%
- 10Y*
- 9.29%
FFLV vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 12.45% | 16.04% | 8.04% |
HDV iShares Core High Dividend ETF | 13.48% | 11.90% | 10.59% |
Correlation
The correlation between FFLV and HDV is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2024 | 0.68 |
The correlation between FFLV and HDV has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
FFLV vs. HDV — Risk / Return Rank
FFLV
HDV
FFLV vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) 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.
| FFLV | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 4.30 | -0.26 |
| Martin ratioReturn relative to average drawdown | 15.73 | 11.97 | +3.77 |
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
| FFLV | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 2.29 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.73 | +0.43 |
Drawdowns
FFLV vs. HDV - Drawdown Comparison
The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FFLV and HDV.
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Drawdown Indicators
| FFLV | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -37.04% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -5.18% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
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 | 0.00% | -1.86% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -3.09% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.86% | 0.00% |
Volatility
FFLV vs. HDV - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 2.89%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.23%. This indicates that FFLV experiences smaller price fluctuations and is considered to be less risky 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
| FFLV | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.23% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 7.54% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 9.75% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 12.82% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 15.73% | -1.51% |
FFLV vs. HDV - Expense Ratio Comparison
FFLV has a 0.38% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
FFLV vs. HDV - Dividend Comparison
FFLV's dividend yield for the trailing twelve months is around 1.45%, less than HDV's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 1.45% | 1.60% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.89% | 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
FFLV and HDV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (3.23%) compared to FFLV (2.89%). In terms of maximum drawdown, FFLV dropped -16.71% vs HDV's -37.04%.
On 1-year performance, FFLV leads with 29.12% vs 22.15% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, FFLV has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFLV has performed better with a 29.12% return vs 22.15%. 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 FFLV.
HDV has the higher dividend yield at 2.89%, compared with 1.45% for FFLV.
FFLV is categorized as Large Cap Value Equities, while HDV is Dividend. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FFLV and 0.08% for HDV.
FFLV currently has the higher Sharpe Ratio (2.57 vs 2.29), 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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