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FSDIX vs. FDVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FSDIXFDVV
YTD Return15.16%24.86%
1Y Return19.17%34.68%
3Y Return (Ann)1.36%12.91%
5Y Return (Ann)5.34%14.40%
Sharpe Ratio2.493.61
Sortino Ratio3.434.94
Omega Ratio1.471.68
Calmar Ratio1.567.41
Martin Ratio14.2431.36
Ulcer Index1.51%1.19%
Daily Std Dev8.60%10.37%
Max Drawdown-58.56%-40.25%
Current Drawdown-0.94%-0.77%

Correlation

-0.50.00.51.00.9

The correlation between FSDIX and FDVV is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

FSDIX vs. FDVV - Performance Comparison

In the year-to-date period, FSDIX achieves a 15.16% return, which is significantly lower than FDVV's 24.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.74%
11.93%
FSDIX
FDVV

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FSDIX vs. FDVV - Expense Ratio Comparison

FSDIX has a 0.68% expense ratio, which is higher than FDVV's 0.29% expense ratio.


FSDIX
Fidelity Strategic Dividend & Income Fund
Expense ratio chart for FSDIX: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for FDVV: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Risk-Adjusted Performance

FSDIX vs. FDVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Dividend & Income Fund (FSDIX) 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.


FSDIX
Sharpe ratio
The chart of Sharpe ratio for FSDIX, currently valued at 2.49, compared to the broader market0.002.004.002.49
Sortino ratio
The chart of Sortino ratio for FSDIX, currently valued at 3.43, compared to the broader market0.005.0010.003.43
Omega ratio
The chart of Omega ratio for FSDIX, currently valued at 1.47, compared to the broader market1.002.003.004.001.47
Calmar ratio
The chart of Calmar ratio for FSDIX, currently valued at 1.56, compared to the broader market0.005.0010.0015.0020.0025.001.56
Martin ratio
The chart of Martin ratio for FSDIX, currently valued at 14.24, compared to the broader market0.0020.0040.0060.0080.00100.0014.24
FDVV
Sharpe ratio
The chart of Sharpe ratio for FDVV, currently valued at 3.61, compared to the broader market0.002.004.003.61
Sortino ratio
The chart of Sortino ratio for FDVV, currently valued at 4.94, compared to the broader market0.005.0010.004.94
Omega ratio
The chart of Omega ratio for FDVV, currently valued at 1.68, compared to the broader market1.002.003.004.001.68
Calmar ratio
The chart of Calmar ratio for FDVV, currently valued at 7.41, compared to the broader market0.005.0010.0015.0020.0025.007.41
Martin ratio
The chart of Martin ratio for FDVV, currently valued at 31.36, compared to the broader market0.0020.0040.0060.0080.00100.0031.36

FSDIX vs. FDVV - Sharpe Ratio Comparison

The current FSDIX Sharpe Ratio is 2.49, which is lower than the FDVV Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of FSDIX 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.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.49
3.61
FSDIX
FDVV

Dividends

FSDIX vs. FDVV - Dividend Comparison

FSDIX's dividend yield for the trailing twelve months is around 2.57%, less than FDVV's 2.73% yield.


TTM20232022202120202019201820172016201520142013
FSDIX
Fidelity Strategic Dividend & Income Fund
2.57%2.81%2.65%2.23%2.65%2.17%3.36%2.71%2.78%4.39%9.15%3.90%
FDVV
Fidelity High Dividend ETF
2.73%3.77%3.44%2.70%3.19%3.93%4.05%3.63%1.04%0.00%0.00%0.00%

Drawdowns

FSDIX vs. FDVV - Drawdown Comparison

The maximum FSDIX drawdown since its inception was -58.56%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FSDIX and FDVV. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.94%
-0.77%
FSDIX
FDVV

Volatility

FSDIX vs. FDVV - Volatility Comparison

The current volatility for Fidelity Strategic Dividend & Income Fund (FSDIX) is 2.38%, while Fidelity High Dividend ETF (FDVV) has a volatility of 2.63%. This indicates that FSDIX 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.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.38%
2.63%
FSDIX
FDVV