FSOL vs. FDVV

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - FSOL is a Cryptocurrency fund actively managed by Fidelity, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. FSOL is actively managed, while FDVV is passively managed. At a 0.36 correlation, their price movements are largely independent. FSOL charges 0.25%/yr vs 0.29%/yr for FDVV.

Performance

FSOL vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Solana Fund (FSOL) 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, FSOL achieves a -41.01% return, which is significantly lower than FDVV's 8.39% return.

FSOL

• 1D: -4.73%
• 1M: -14.55%
• YTD: -41.01%
• 6M: -48.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDVV

• 1D: -1.12%
• 1M: 4.44%
• YTD: 8.39%
• 6M: 8.67%
• 1Y: 23.45%
• 3Y*: 20.08%
• 5Y*: 13.36%
• 10Y*: —

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

FSOL vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025
FSOL Fidelity Solana Fund	-41.01%	-11.84%
FDVV Fidelity High Dividend ETF	8.39%	3.19%

Correlation

The correlation between FSOL and FDVV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.36

Return for Risk

FSOL vs. FDVV — Risk / Return Rank

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

FDVV

FDVV Risk / Return Rank: 64
FDVV Sharpe Ratio Rank: 70
FDVV Sortino Ratio Rank: 71
FDVV Omega Ratio Rank: 71
FDVV Calmar Ratio Rank: 50
FDVV Martin Ratio Rank: 58

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.

FSOL vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FSOL	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.79	-1.78

Drawdowns

FSOL vs. FDVV - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FSOL and FDVV.

Drawdown Indicators

	FSOL	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-40.25%	-10.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-50.54%	-1.12%	-49.42%
Average Drawdown Average peak-to-trough decline	-29.21%	-3.81%	-25.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.23%	—

Volatility

Volatility by Period

	FSOL	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	10.06%	+61.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	14.75%	+56.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	17.00%	+54.65%

FSOL vs. FDVV - Expense Ratio Comparison

FSOL has a 0.25% expense ratio, which is lower than FDVV's 0.29% expense ratio.

Dividends

FSOL vs. FDVV - Dividend Comparison

FSOL's dividend yield for the trailing twelve months is around 2.03%, less than FDVV's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDVV Fidelity High Dividend ETF	2.72%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%
FSOL Fidelity Solana Fund	2.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSOL and FDVV in my portfolio?

FSOL and FDVV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSOL or FDVV?

On fees, FSOL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSOL or FDVV?

FSOL is cheaper with a 0.25% expense ratio, compared with 0.29% for FDVV.

Which ETF pays a higher dividend yield, FSOL or FDVV?

FDVV has the higher dividend yield at 2.72%, compared with 2.03% for FSOL.

What is the main difference between FSOL and FDVV?

FSOL is categorized as Cryptocurrency, while FDVV is Large Cap Blend Equities. Their fees differ too: 0.25% for FSOL and 0.29% for FDVV.