XDIV vs. FDVV

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. XDIV is actively managed, while FDVV is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. XDIV charges 0.09%/yr vs 0.29%/yr for FDVV.

Performance

XDIV vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) 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, XDIV achieves a 10.63% return, which is significantly higher than FDVV's 8.39% return.

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDVV

• 1D: -1.12%
• 1M: 4.44%
• YTD: 8.39%
• 6M: 8.67%
• 1Y: 23.45%
• 3Y*: 20.08%
• 5Y*: 13.36%
• 10Y*: —

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

XDIV vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
FDVV Fidelity High Dividend ETF	8.39%	7.72%

Correlation

The correlation between XDIV and FDVV is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.79

XDIV vs. FDVV - Sectors Allocation Comparison

Sectors	XDIV	FDVV
Technology	36.2%	29.1%
Financial Services	11.9%	17.0%
Communication Services	10.9%	3.7%
Consumer Cyclical	10.1%	13.6%
Healthcare	8.4%	3.1%
Industrials	8.1%	3.4%
Consumer Defensive	4.9%	11.0%
Energy	3.5%	-
Utilities	2.3%	8.7%
Real Estate	1.9%	10.1%
Basic Materials	1.8%	-

Return for Risk

XDIV vs. FDVV — Risk / Return Rank

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

FDVV

FDVV Risk / Return Rank: 64
FDVV Sharpe Ratio Rank: 70
FDVV Sortino Ratio Rank: 71
FDVV Omega Ratio Rank: 71
FDVV Calmar Ratio Rank: 50
FDVV Martin Ratio Rank: 58

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.

XDIV vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XDIV	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.79	+1.19

Drawdowns

XDIV vs. FDVV - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for XDIV and FDVV.

Drawdown Indicators

	XDIV	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-40.25%	+31.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-0.67%	-1.12%	+0.45%
Average Drawdown Average peak-to-trough decline	-1.20%	-3.81%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.23%	—

Volatility

Volatility by Period

	XDIV	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	10.06%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	14.75%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	17.00%	-4.69%

XDIV vs. FDVV - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than FDVV's 0.29% expense ratio.

Dividends

XDIV vs. FDVV - Dividend Comparison

XDIV has not paid dividends to shareholders, while FDVV's dividend yield for the trailing twelve months is around 2.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDVV Fidelity High Dividend ETF	2.72%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and FDVV in my portfolio?

XDIV and FDVV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDIV or FDVV?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or FDVV?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.29% for FDVV.

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

FDVV has the higher dividend yield at 2.72%, compared with 0.00% for XDIV.

What is the main difference between XDIV and FDVV?

XDIV is categorized as S&P 500, while FDVV is Large Cap Blend Equities. They also come from different issuers: Roundhill and Fidelity. Their fees differ too: 0.09% for XDIV and 0.29% for FDVV.