FPFD vs. FDVV

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Preferred Securities & Income ETF (FPFD) and Fidelity High Dividend ETF (FDVV).

FPFD and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.

Performance

FPFD vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Preferred Securities & Income ETF (FPFD) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

FPFD vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FPFD Fidelity Preferred Securities & Income ETF	-0.36%	6.46%	8.50%	10.91%	-17.11%	1.89%
FDVV Fidelity High Dividend ETF	-1.78%	17.08%	21.81%	18.00%	-4.21%	9.44%

Returns By Period

In the year-to-date period, FPFD achieves a -0.36% return, which is significantly higher than FDVV's -1.78% return.

FPFD

• 1D: 0.39%
• 1M: -2.02%
• YTD: -0.36%
• 6M: -0.21%
• 1Y: 5.18%
• 3Y*: 7.37%
• 5Y*: —
• 10Y*: —

FDVV

• 1D: 2.35%
• 1M: -5.66%
• YTD: -1.78%
• 6M: 0.65%
• 1Y: 14.82%
• 3Y*: 16.89%
• 5Y*: 12.68%
• 10Y*: —

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

FPFD vs. FDVV - Expense Ratio Comparison

FPFD has a 0.59% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FPFD

Fidelity Preferred Securities & Income ETF

FDVV

Fidelity High Dividend ETF

Return for Risk

FPFD vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPFD

FPFD Risk / Return Rank: 72
FPFD Sharpe Ratio Rank: 79
FPFD Sortino Ratio Rank: 79
FPFD Omega Ratio Rank: 78
FPFD Calmar Ratio Rank: 64
FPFD Martin Ratio Rank: 60

FDVV

FDVV Risk / Return Rank: 60
FDVV Sharpe Ratio Rank: 58
FDVV Sortino Ratio Rank: 58
FDVV Omega Ratio Rank: 65
FDVV Calmar Ratio Rank: 57
FDVV Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FPFD vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Preferred Securities & Income ETF (FPFD) 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.

	FPFD	FDVV	Difference
Sharpe ratio Return per unit of total volatility	1.47	0.97	+0.50
Sortino ratio Return per unit of downside risk	1.99	1.41	+0.58
Omega ratio Gain probability vs. loss probability	1.29	1.23	+0.07
Calmar ratio Return relative to maximum drawdown	1.59	1.29	+0.30
Martin ratio Return relative to average drawdown	5.82	5.68	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FPFD vs. FDVV - Sharpe Ratio Comparison

The current FPFD Sharpe Ratio is 1.47, which is higher than the FDVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FPFD and FDVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FPFD	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	0.97	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.74	-0.44

Correlation

The correlation between FPFD and FDVV is 0.45, 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

FPFD vs. FDVV - Dividend Comparison

FPFD's dividend yield for the trailing twelve months is around 5.09%, more than FDVV's 3.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FPFD Fidelity Preferred Securities & Income ETF	5.09%	5.04%	4.89%	5.09%	5.22%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	3.00%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Drawdowns

FPFD vs. FDVV - Drawdown Comparison

The maximum FPFD drawdown since its inception was -20.83%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FPFD and FDVV.

Drawdown Indicators

	FPFD	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-20.83%	-40.25%	+19.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-12.34%	+9.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-2.29%	-7.04%	+4.75%
Average Drawdown Average peak-to-trough decline	-7.04%	-3.85%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	2.81%	-1.94%

Volatility

FPFD vs. FDVV - Volatility Comparison

The current volatility for Fidelity Preferred Securities & Income ETF (FPFD) is 1.35%, while Fidelity High Dividend ETF (FDVV) has a volatility of 4.48%. This indicates that FPFD experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPFD	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	4.48%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	7.68%	-5.60%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	15.34%	-11.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	14.74%	-9.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.38%	17.09%	-11.71%