FNF vs. FDVV

Last updated Aug 4, 2026

FNF (Fidelity National Financial, Inc.) is a stock, while FDVV (Fidelity High Dividend ETF) is Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, FNF returned 8.57%/yr vs 14.46%/yr for FDVV. Their 0.54 correlation means they have sometimes moved together and sometimes differently.

Performance

FNF vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity National Financial, Inc. (FNF) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNF achieves a -3.41% return, which is significantly lower than FDVV's 13.00% return.

FNF

• 1D: 0.00%
• 1M: 5.63%
• 6M: -4.38%
• YTD: -3.41%
• 1Y: -1.66%
• 3Y*: 14.88%
• 5Y*: 8.57%
• 10Y*: 11.80%
• ALL TIME*: 9.47%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDVV Fidelity High Dividend ETF	$51.30M	$49.38M	$46.34M
FNF Fidelity National Financial, Inc.	$84.95M	$74.32M	$79.12M

FNF vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNF Fidelity National Financial, Inc.	-3.41%	4.35%	14.02%	42.18%	-21.64%	38.04%	-10.34%	48.75%	-17.22%	65.53%
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%

Correlation

The correlation between FNF and FDVV is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.54

The correlation between FNF and FDVV shifts across timeframes, from 0.41 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FNF vs. FDVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNF

FNF Risk / Return Rank: 39
FNF Sharpe Ratio Rank: 41
FNF Sortino Ratio Rank: 35
FNF Omega Ratio Rank: 34
FNF Calmar Ratio Rank: 42
FNF Martin Ratio Rank: 41

FDVV

FDVV Risk / Return Rank: 82
FDVV Sharpe Ratio Rank: 88
FDVV Sortino Ratio Rank: 88
FDVV Omega Ratio Rank: 88
FDVV Calmar Ratio Rank: 69
FDVV Martin Ratio Rank: 77

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.

FNF vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) and Fidelity High Dividend ETF (FDVV). 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.

	FNF	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	2.18	-2.24
Sortino ratio: Return per unit of downside risk	0.09	3.02	-2.93
Omega ratio: Gain probability vs. loss probability	1.01	1.40	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.07	2.42	-2.49
Martin ratio: Return relative to average drawdown	-0.15	9.96	-10.12

FNF vs. FDVV - Sharpe Ratio Comparison

The current FNF Sharpe Ratio is -0.06, which is lower than the FDVV Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FNF and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNF vs. FDVV - Drawdown Comparison

The maximum FNF drawdown since its inception was -72.49%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FNF and FDVV.

Drawdown Indicators

	FNF	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-72.49%	-40.25%	-32.24%
Max Drawdown (1Y) Largest decline over 1 year	-24.43%	-9.30%	-15.13%
Max Drawdown (3Y) Largest decline over 3 years	-30.06%	-15.90%	-14.16%
Max Drawdown (5Y) Largest decline over 5 years	-36.69%	-20.18%	-16.51%
Max Drawdown (10Y) Largest decline over 10 years	-56.21%	—	—
Current Drawdown Current decline from peak	-15.68%	-0.41%	-15.27%
Average Drawdown Average peak-to-trough decline	-17.14%	-3.76%	-13.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.75%	2.25%	+8.50%

Volatility

FNF vs. FDVV - Volatility Comparison

Fidelity National Financial, Inc. (FNF) has a higher volatility of 9.90% compared to Fidelity High Dividend ETF (FDVV) at 2.98%. This indicates that FNF's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNF	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.90%	2.98%	+6.92%
Volatility (6M) Calculated over the trailing 6-month period	20.38%	8.38%	+12.00%
Volatility (1Y) Calculated over the trailing 1-year period	26.12%	10.34%	+15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.17%	14.69%	+11.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.25%	16.91%	+11.34%

Dividends

FNF vs. FDVV - Dividend Comparison

FNF's dividend yield for the trailing twelve months is around 3.96%, more than FDVV's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FNF Fidelity National Financial, Inc.	3.96%	3.60%	3.46%	3.59%	4.57%	2.99%	3.45%	2.78%	3.82%	37.01%	2.59%	2.31%

Frequently Asked Questions

Can I hold both FNF and FDVV in my portfolio?

FNF and FDVV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNF or FDVV?

FNF has higher volatility (9.90%) compared to FDVV (2.98%). In terms of maximum drawdown, FNF dropped -72.49% vs FDVV's -40.25%.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.18 vs -0.06), 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.