SCHD vs. FDVV

Last updated Apr 12, 2026

SCHD (Schwab U.S. Dividend Equity ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds — SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 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, SCHD returned 8.08%/yr vs 13.18%/yr for FDVV. Their correlation of 0.87 suggests significant overlap in exposure. SCHD charges 0.06%/yr vs 0.29%/yr for FDVV.

Performance

SCHD vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) 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, SCHD achieves a 12.35% return, which is significantly higher than FDVV's 1.76% return.

SCHD

• 1D: -1.23%
• 1M: -0.01%
• YTD: 12.35%
• 6M: 17.31%
• 1Y: 25.46%
• 3Y*: 11.71%
• 5Y*: 8.08%
• 10Y*: 12.27%

FDVV

• 1D: -0.26%
• 1M: 2.23%
• YTD: 1.76%
• 6M: 6.28%
• 1Y: 27.55%
• 3Y*: 17.84%
• 5Y*: 13.18%
• 10Y*: —

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

SCHD vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHD Schwab U.S. Dividend Equity ETF	12.35%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%
FDVV Fidelity High Dividend ETF	1.76%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Correlation

The correlation between SCHD and FDVV is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016	0.87

The correlation between SCHD and FDVV shifts across timeframes, from 0.71 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SCHD vs. FDVV — Risk / Return Rank

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

SCHD

SCHD Risk / Return Rank: 72
SCHD Sharpe Ratio Rank: 65
SCHD Sortino Ratio Rank: 73
SCHD Omega Ratio Rank: 59
SCHD Calmar Ratio Rank: 91
SCHD Martin Ratio Rank: 70

FDVV

FDVV Risk / Return Rank: 74
FDVV Sharpe Ratio Rank: 81
FDVV Sortino Ratio Rank: 81
FDVV Omega Ratio Rank: 80
FDVV Calmar Ratio Rank: 60
FDVV Martin Ratio Rank: 69

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.

SCHD vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) 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.

	SCHD	FDVV	Difference
Sharpe ratio Return per unit of total volatility	2.31	2.80	-0.49
Sortino ratio Return per unit of downside risk	3.54	3.92	-0.38
Omega ratio Gain probability vs. loss probability	1.41	1.53	-0.12
Calmar ratio Return relative to maximum drawdown	6.61	3.80	+2.81
Martin ratio Return relative to average drawdown	16.08	15.83	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHD vs. FDVV - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.31, which is comparable to the FDVV Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of SCHD 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

	SCHD	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.80	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.90	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.76	+0.08

Drawdowns

SCHD vs. FDVV - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for SCHD and FDVV.

Drawdown Indicators

	SCHD	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-40.25%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-9.30%	+4.69%
Max Drawdown (5Y) Largest decline over 5 years	-16.85%	-20.18%	+3.33%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	—	—
Current Drawdown Current decline from peak	-3.27%	-3.70%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.34%	-3.85%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.23%	-0.33%

Volatility

SCHD vs. FDVV - Volatility Comparison

The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 2.68%, while Fidelity High Dividend ETF (FDVV) has a volatility of 4.99%. This indicates that SCHD 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

	SCHD	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	4.99%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	7.99%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	11.32%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	14.77%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	17.08%	-0.38%

SCHD vs. FDVV - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than FDVV's 0.29% expense ratio.

Dividends

SCHD vs. FDVV - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.45%, more than FDVV's 2.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
FDVV Fidelity High Dividend ETF	2.90%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%