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IVLU vs. FDVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. FDVV

Last updated Jun 14, 2026

IVLU (iShares MSCI International Value Factor ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 5 years, IVLU returned 14.06%/yr vs 13.53%/yr for FDVV. A 0.76 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.29%/yr for FDVV.

Performance

IVLU vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than FDVV's 9.30% return.

IVLU

1D
0.56%
1M
0.66%
YTD
12.96%
6M
14.33%
1Y
35.32%
3Y*
23.53%
5Y*
14.06%
10Y*
11.63%

FDVV

1D
0.57%
1M
2.54%
YTD
9.30%
6M
9.44%
1Y
23.92%
3Y*
19.75%
5Y*
13.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. FDVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
FDVV
Fidelity High Dividend ETF		9.30%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%

Correlation

The correlation between IVLU and FDVV is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.76

The correlation between IVLU and FDVV has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

IVLU vs. FDVV - Sectors Allocation Comparison

Sectors
IVLU
FDVV

Financial Services

26.5%
17.0%

Industrials

18.8%
3.0%

Technology

10.6%
30.5%

Healthcare

9.0%
3.0%

Consumer Cyclical

7.6%
13.6%

Basic Materials

7.4%

-

Consumer Defensive

6.0%
10.7%

Energy

5.5%

-

Communication Services

3.7%
3.6%

Utilities

3.6%
8.6%

Real Estate

1.4%
9.9%

Financial Services

IVLU
26.5%
FDVV
17.0%

Industrials

IVLU
18.8%
FDVV
3.0%

Technology

IVLU
10.6%
FDVV
30.5%

Healthcare

IVLU
9.0%
FDVV
3.0%

Consumer Cyclical

IVLU
7.6%
FDVV
13.6%

Basic Materials

IVLU
7.4%
FDVV

-

Consumer Defensive

IVLU
6.0%
FDVV
10.7%

Energy

IVLU
5.5%
FDVV

-

Communication Services

IVLU
3.7%
FDVV
3.6%

Utilities

IVLU
3.6%
FDVV
8.6%

Real Estate

IVLU
1.4%
FDVV
9.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI International Value Factor ETF

Fidelity High Dividend ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX

Return for Risk

IVLU vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
Martin Ratio Rank
FDVV
FDVV Risk / Return Rank: 7373
Overall Rank
FDVV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 8282
Sortino Ratio Rank
FDVV Omega Ratio Rank: 8181
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5656
Calmar Ratio Rank
FDVV Martin Ratio Rank: 6464
Martin Ratio Rank
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.

IVLU vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) 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.

IVLUFDVVDifference
Sharpe ratioReturn per unit of total volatility
2.17
2.24

-0.07

Sortino ratioReturn per unit of downside risk
2.98
3.14

-0.16

Omega ratioGain probability vs. loss probability

1.39

1.41

-0.02

Calmar ratioReturn relative to maximum drawdown

2.90

2.44

+0.46

Martin ratioReturn relative to average drawdown

11.01

10.11

+0.90

IVLU vs. FDVV - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.17, which is comparable to the FDVV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of IVLU 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.

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Drawdowns

IVLU vs. FDVV - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, roughly equal to the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for IVLU and FDVV.

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Drawdown Indicators

IVLUFDVVDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-40.25%

-1.60%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-9.30%

-2.39%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-15.90%

+0.42%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-20.18%

-5.86%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

—

—

Current Drawdown

Current decline from peak

-0.53%

-0.29%

-0.24%

Average Drawdown

Average peak-to-trough decline

-8.57%

-3.80%

-4.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.24%

+0.85%

Volatility

IVLU vs. FDVV - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.44% compared to Fidelity High Dividend ETF (FDVV) at 3.16%. This indicates that IVLU'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.

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Volatility by Period

IVLUFDVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

3.16%

+2.28%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

8.16%

+4.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

10.12%

+5.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.58%

14.76%

+1.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.66%

16.98%

+0.68%

IVLU vs. FDVV - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

IVLU vs. FDVV - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.28%, more than FDVV's 2.70% yield.

PositionTTM20252024202320222021202020192018201720162015
FDVV
Fidelity High Dividend ETF		2.70%2.89%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.66%1.04%0.00%
IVLU
iShares MSCI International Value Factor ETF		3.28%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%

Frequently Asked Questions

IVLU and FDVV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVLU has higher volatility (5.44%) compared to FDVV (3.16%). In terms of maximum drawdown, IVLU dropped -41.85% vs FDVV's -40.25%.

On 5-year performance, IVLU leads with 14.06% vs 13.53% for FDVV. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IVLU has performed better with a 14.06% return vs 13.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDVV is cheaper with a 0.29% expense ratio, compared with 0.30% for IVLU.

IVLU has the higher dividend yield at 3.28%, compared with 2.70% for FDVV.

IVLU is categorized as Foreign Large Cap Equities, while FDVV is Large Cap Blend Equities. IVLU tracks MSCI World ex USA Enhanced Value Index, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.30% for IVLU and 0.29% for FDVV.

FDVV currently has the higher Sharpe Ratio (2.24 vs 2.17), 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.

Portfolio Optimizer

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