SPDV vs. FDVV
Compare and contrast key facts about AAM S&P 500 High Dividend Value ETF (SPDV) and Fidelity High Dividend ETF (FDVV).
SPDV and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. 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 SPDV 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: SPDV or FDVV.
Key characteristics
| SPDV | FDVV | |
|---|---|---|
| YTD Return | 18.43% | 24.79% |
| 1Y Return | 34.56% | 37.35% |
| 3Y Return (Ann) | 7.40% | 12.90% |
| 5Y Return (Ann) | 8.51% | 14.56% |
| Sharpe Ratio | 2.53 | 3.58 |
| Sortino Ratio | 3.66 | 4.91 |
| Omega Ratio | 1.45 | 1.67 |
| Calmar Ratio | 2.22 | 6.31 |
| Martin Ratio | 13.25 | 31.14 |
| Ulcer Index | 2.57% | 1.19% |
| Daily Std Dev | 13.46% | 10.37% |
| Max Drawdown | -43.81% | -40.25% |
| Current Drawdown | -1.08% | -0.83% |
Correlation
The correlation between SPDV and FDVV is 0.88, 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
SPDV vs. FDVV - Performance Comparison
In the year-to-date period, SPDV achieves a 18.43% return, which is significantly lower than FDVV's 24.79% 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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SPDV vs. FDVV - Expense Ratio Comparison
Both SPDV and FDVV have an expense ratio of 0.29%.
Risk-Adjusted Performance
SPDV vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAM S&P 500 High Dividend Value ETF (SPDV) 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
SPDV vs. FDVV - Dividend Comparison
SPDV's dividend yield for the trailing twelve months is around 3.40%, more than FDVV's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
SPDV AAM S&P 500 High Dividend Value ETF | 3.40% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.64% | 0.28% | 0.00% |
FDVV Fidelity High Dividend ETF | 2.73% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
SPDV vs. FDVV - Drawdown Comparison
The maximum SPDV drawdown since its inception was -43.81%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for SPDV and FDVV. For additional features, visit the drawdowns tool.
Volatility
SPDV vs. FDVV - Volatility Comparison
AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.70% compared to Fidelity High Dividend ETF (FDVV) at 2.72%. This indicates that SPDV'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.