SCHD vs. FDVV
Compare and contrast key facts about Schwab US Dividend Equity ETF (SCHD) and Fidelity High Dividend ETF (FDVV).
SCHD and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. 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 SCHD 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: SCHD or FDVV.
Key characteristics
| SCHD | FDVV | |
|---|---|---|
| YTD Return | 3.21% | 6.80% |
| 1Y Return | 15.78% | 23.50% |
| 3Y Return (Ann) | 4.47% | 10.26% |
| 5Y Return (Ann) | 11.41% | 11.97% |
| Sharpe Ratio | 1.29 | 2.03 |
| Daily Std Dev | 11.38% | 11.03% |
| Max Drawdown | -33.37% | -40.25% |
| Current Drawdown | -3.30% | -1.17% |
Correlation
The correlation between SCHD 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
SCHD vs. FDVV - Performance Comparison
In the year-to-date period, SCHD achieves a 3.21% return, which is significantly lower than FDVV's 6.80% 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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SCHD vs. FDVV - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
SCHD vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US 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.
Dividends
SCHD vs. FDVV - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.43%, more than FDVV's 3.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab US Dividend Equity ETF | 3.43% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
FDVV Fidelity High Dividend ETF | 3.26% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
SCHD vs. FDVV - Volatility Comparison
Schwab US Dividend Equity ETF (SCHD) and Fidelity High Dividend ETF (FDVV) have volatilities of 3.61% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.