FDVV vs VOO
FDVV vs VOO
Fidelity High Dividend ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDVV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $9.7B | $979.0B | |
| Dividend Yield | 2.87% | 1.09% | |
| Holdings | 102 | 509 | |
| YTD Return | +12.31% | +11.51% | |
| 1Y Return | +20.99% | +21.46% | |
| 3Y Return (annualized) | +19.48% | +20.86% | |
| 5Y Return (annualized) | +14.24% | +13.01% | |
| Volatility (annualized) | 16.1% | 14.1% | |
| Max Drawdown | -41.1% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Sep 7, 2010 |
FDVV vs VOO Performance
Fidelity High Dividend ETF (FDVV) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FDVV returned +20.99% while VOO returned +21.46%. Year to date, FDVV is up 12.31% versus a gain of 11.51% for VOO.
Over three years, FDVV compounded at +19.48% per year against +20.86% for VOO; over five years the annualized figures are +14.24% and +13.01% respectively. Across the full 10-year window we track, VOO has the edge at +13.44% annualized vs +11.78%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.92. 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 VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FDVV currently yields 2.87% against 1.09% for VOO.
Holdings Overlap
FDVV and VOO share 77 holdings out of 525 unique holdings combined, representing a 37.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDVV | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 6.76% | 7.51% | 0.75% |
| AAPL | 5.98% | 6.59% | 0.61% |
| MSFT | 4.05% | 4.30% | 0.25% |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| DELL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
See all 10 holdings FDVV shares with VOO 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 VOO?
FDVV has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FDVV or VOO?
Over the past year FDVV returned +20.99% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.78% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, FDVV or VOO?
FDVV has been the more volatile fund at 16.1% annualized versus 14.1% for VOO. Worst drawdown: FDVV -41.1% vs VOO -34.3%.
Should I hold both FDVV and VOO?
FDVV and VOO have a monthly-return correlation of 0.92, 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 VOO?
FDVV and VOO share 77 common holdings with a 37.6% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, FDVV or VOO?
FDVV yields 2.87% while VOO yields 1.09%, so FDVV 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.