FSST vs. FDVV
Compare and contrast key facts about Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity High Dividend ETF (FDVV).
FSST and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSST is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. 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. Both FSST and FDVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSST or FDVV.
Key characteristics
| FSST | FDVV | |
|---|---|---|
| YTD Return | 10.59% | 9.26% |
| 1Y Return | 28.53% | 25.18% |
| Sharpe Ratio | 2.32 | 2.26 |
| Daily Std Dev | 12.30% | 10.83% |
| Max Drawdown | -26.30% | -40.25% |
| Current Drawdown | -1.43% | 0.00% |
Correlation
The correlation between FSST and FDVV is 0.90, 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
FSST vs. FDVV - Performance Comparison
In the year-to-date period, FSST achieves a 10.59% return, which is significantly higher than FDVV's 9.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSST vs. FDVV - Expense Ratio Comparison
FSST has a 0.59% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
FSST vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) 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.
Dividends
FSST vs. FDVV - Dividend Comparison
FSST's dividend yield for the trailing twelve months is around 0.60%, less than FDVV's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FSST Fidelity Sustainability U.S. Equity ETF | 0.60% | 0.68% | 1.00% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 3.19% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
FSST vs. FDVV - Drawdown Comparison
The maximum FSST drawdown since its inception was -26.30%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FSST and FDVV. For additional features, visit the drawdowns tool.
Volatility
FSST vs. FDVV - Volatility Comparison
Fidelity Sustainability U.S. Equity ETF (FSST) has a higher volatility of 3.99% compared to Fidelity High Dividend ETF (FDVV) at 3.34%. This indicates that FSST'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.