SPVU vs. FDVV
Compare and contrast key facts about Invesco S&P 500 Enhanced Value ETF (SPVU) and Fidelity High Dividend ETF (FDVV).
SPVU and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Enhanced Value Index. It was launched on Oct 9, 2015. 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 SPVU 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.
Performance
SPVU vs. FDVV - Performance Comparison
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SPVU vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500 Enhanced Value ETF | 5.51% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 28.86% | -9.51% | 18.77% |
FDVV Fidelity High Dividend ETF | -1.50% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Returns By Period
In the year-to-date period, SPVU achieves a 5.51% return, which is significantly higher than FDVV's -1.50% return.
SPVU
- 1D
- 0.76%
- 1M
- -3.49%
- YTD
- 5.51%
- 6M
- 10.86%
- 1Y
- 18.92%
- 3Y*
- 17.49%
- 5Y*
- 11.27%
- 10Y*
- 12.17%
FDVV
- 1D
- 0.29%
- 1M
- -4.85%
- YTD
- -1.50%
- 6M
- 0.38%
- 1Y
- 15.18%
- 3Y*
- 17.01%
- 5Y*
- 12.74%
- 10Y*
- —
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SPVU vs. FDVV - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than FDVV's 0.29% expense ratio.
Return for Risk
SPVU vs. FDVV — Risk / Return Rank
SPVU
FDVV
SPVU vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Enhanced Value ETF (SPVU) 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.
| SPVU | FDVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.00 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.44 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.23 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.33 | 5.34 | +0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPVU | FDVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.00 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.87 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.74 | -0.20 |
Correlation
The correlation between SPVU and FDVV is 0.82, 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.
Dividends
SPVU vs. FDVV - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.28%, less than FDVV's 2.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500 Enhanced Value ETF | 2.28% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
FDVV Fidelity High Dividend ETF | 2.99% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Drawdowns
SPVU vs. FDVV - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for SPVU and FDVV.
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Drawdown Indicators
| SPVU | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -40.25% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.34% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -20.18% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | — | — |
Current DrawdownCurrent decline from peak | -3.49% | -6.78% | +3.29% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -3.85% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.84% | +0.12% |
Volatility
SPVU vs. FDVV - Volatility Comparison
Invesco S&P 500 Enhanced Value ETF (SPVU) and Fidelity High Dividend ETF (FDVV) have volatilities of 4.26% and 4.47%, 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.
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Volatility by Period
| SPVU | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 4.47% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 7.68% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 15.32% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 14.74% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 17.08% | +4.00% |