FDVV vs SCHD
FDVV vs SCHD
Fidelity High Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | FDVV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $9.7B | $103.7B | |
| Dividend Yield | 2.87% | 3.31% | |
| Holdings | 102 | 104 | |
| YTD Return | +14.00% | +24.08% | |
| 1Y Return | +22.82% | +31.88% | |
| 3Y Return (annualized) | +19.85% | +14.92% | |
| 5Y Return (annualized) | +14.80% | +9.85% | |
| Volatility (annualized) | 16.1% | 13.6% | |
| Max Drawdown | -41.1% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Oct 20, 2011 |
FDVV vs SCHD Performance
Fidelity High Dividend ETF (FDVV) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FDVV returned +22.82% while SCHD returned +31.88%. Year to date, FDVV is up 14.00% versus a gain of 24.08% for SCHD.
Over three years, FDVV compounded at +19.85% per year against +14.92% for SCHD; over five years the annualized figures are +14.80% and +9.85% respectively. Across the full 10-year window we track, FDVV has the edge at +11.94% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDVV has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -41.1% for FDVV and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDVV charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, FDVV currently yields 2.87% against 3.31% for SCHD.
Holdings Overlap
FDVV and SCHD share 23 holdings out of 174 unique holdings combined, representing a 16.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDVV | Weight in SCHD | Difference |
|---|---|---|---|
| KO | 1.88% | 4.08% | 2.20% |
| PG | 1.77% | 4.15% | 2.38% |
| HD | 1.75% | 4.16% | 2.41% |
| PEP | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| BX | Pro | Pro | Pro |
See all 10 holdings FDVV shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FDVV or SCHD?
FDVV has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FDVV or SCHD?
Over the past year FDVV returned +22.82% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.94% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FDVV or SCHD?
FDVV has been the more volatile fund at 16.1% annualized versus 13.6% for SCHD. Worst drawdown: FDVV -41.1% vs SCHD -33.4%.
Should I hold both FDVV and SCHD?
FDVV and SCHD have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDVV and SCHD?
FDVV and SCHD share 23 common holdings with a 16.2% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, FDVV or SCHD?
FDVV yields 2.87% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.