LRGF vs. FDVV

Last updated Jun 3, 2026

LRGF (iShares MSCI USA Multifactor ETF) and FDVV (Fidelity High Dividend ETF) are both Large Cap Blend Equities funds - LRGF tracks the MSCI USA Diversified Multi-Factor while FDVV tracks the Fidelity Core Dividend Index. Both are passively managed. Over the past 5 years, LRGF returned 14.20%/yr vs 13.73%/yr for FDVV. Their correlation of 0.87 suggests significant overlap in exposure. LRGF charges 0.20%/yr vs 0.29%/yr for FDVV.

Performance

LRGF vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) 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, LRGF achieves a 11.29% return, which is significantly higher than FDVV's 9.62% return.

LRGF

• 1D: 0.18%
• 1M: 6.67%
• YTD: 11.29%
• 6M: 11.73%
• 1Y: 26.79%
• 3Y*: 23.10%
• 5Y*: 14.20%
• 10Y*: 14.11%

FDVV

• 1D: 0.05%
• 1M: 4.30%
• YTD: 9.62%
• 6M: 10.33%
• 1Y: 25.89%
• 3Y*: 20.53%
• 5Y*: 13.73%
• 10Y*: —

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

LRGF vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LRGF iShares MSCI USA Multifactor ETF	11.29%	16.48%	26.59%	25.85%	-14.77%	25.01%	11.11%	26.11%	-9.66%	21.13%
FDVV Fidelity High Dividend ETF	9.62%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Correlation

The correlation between LRGF and FDVV is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016	0.87

The correlation between LRGF and FDVV has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

LRGF vs. FDVV - Sectors Allocation Comparison

Sectors	LRGF	FDVV
Technology	35.6%	29.1%
Financial Services	12.5%	17.0%
Consumer Cyclical	11.2%	13.6%
Healthcare	9.1%	3.1%
Communication Services	8.2%	3.7%
Industrials	8.1%	3.4%
Consumer Defensive	6.0%	11.0%
Energy	3.7%	-
Utilities	2.3%	8.7%
Basic Materials	2.0%	-
Real Estate	1.3%	10.1%

Return for Risk

LRGF vs. FDVV — Risk / Return Rank

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

LRGF

LRGF Risk / Return Rank: 65
LRGF Sharpe Ratio Rank: 67
LRGF Sortino Ratio Rank: 65
LRGF Omega Ratio Rank: 65
LRGF Calmar Ratio Rank: 61
LRGF Martin Ratio Rank: 68

FDVV

FDVV Risk / Return Rank: 72
FDVV Sharpe Ratio Rank: 79
FDVV Sortino Ratio Rank: 80
FDVV Omega Ratio Rank: 80
FDVV Calmar Ratio Rank: 57
FDVV Martin Ratio Rank: 65

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.

LRGF vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

	LRGF	FDVV	Difference
Sharpe ratio Return per unit of total volatility	2.24	2.60	-0.37
Sortino ratio Return per unit of downside risk	3.06	3.63	-0.57
Omega ratio Gain probability vs. loss probability	1.40	1.48	-0.09
Calmar ratio Return relative to maximum drawdown	3.08	2.85	+0.22
Martin ratio Return relative to average drawdown	12.80	11.90	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRGF vs. FDVV - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 2.24, which is comparable to the FDVV Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of LRGF 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.

Sharpe Ratios by Period

	LRGF	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.60	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.94	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.80	-0.10

Drawdowns

LRGF vs. FDVV - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for LRGF and FDVV.

Drawdown Indicators

	LRGF	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-40.25%	+4.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-9.30%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-15.90%	-3.54%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-20.18%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.54%	-3.81%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.23%	-0.09%

Volatility

LRGF vs. FDVV - Volatility Comparison

The current volatility for iShares MSCI USA Multifactor ETF (LRGF) is 2.79%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.20%. This indicates that LRGF 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

	LRGF	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.20%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	7.92%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	9.99%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	14.74%	+2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	17.00%	+1.31%

LRGF vs. FDVV - Expense Ratio Comparison

LRGF has a 0.20% expense ratio, which is lower than FDVV's 0.29% expense ratio.

Dividends

LRGF vs. FDVV - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.05%, less than FDVV's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVV Fidelity High Dividend ETF	2.69%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%
LRGF iShares MSCI USA Multifactor ETF	1.05%	1.16%	1.23%	1.49%	1.78%	1.05%	1.35%	1.76%	3.27%	1.68%	1.56%	0.83%

Frequently Asked Questions

Can I hold both LRGF and FDVV in my portfolio?

LRGF and FDVV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LRGF or FDVV?

FDVV has higher volatility (3.20%) compared to LRGF (2.79%). In terms of maximum drawdown, LRGF dropped -36.03% vs FDVV's -40.25%.

Which ETF is better, LRGF or FDVV?

On 5-year performance, LRGF leads with 14.20% vs 13.73% for FDVV. On fees, LRGF is cheaper at 0.20% per year. On volatility, LRGF has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRGF or FDVV?

Over the 5-year period, LRGF has performed better with a 14.20% return vs 13.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRGF or FDVV?

LRGF is cheaper with a 0.20% expense ratio, compared with 0.29% for FDVV.

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

FDVV has the higher dividend yield at 2.69%, compared with 1.05% for LRGF.

What is the main difference between LRGF and FDVV?

LRGF tracks MSCI USA Diversified Multi-Factor, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.20% for LRGF and 0.29% for FDVV.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.60 vs 2.24), 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.