FDVV vs VYM
FDVV vs VYM
Fidelity High Dividend ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FDVV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $9.7B | $79.0B | |
| Dividend Yield | 2.87% | 2.86% | |
| Holdings | 102 | 568 | |
| YTD Return | +11.50% | +13.24% | |
| 1Y Return | +20.46% | +23.76% | |
| 3Y Return (annualized) | +18.37% | +16.97% | |
| 5Y Return (annualized) | +14.24% | +12.26% | |
| Volatility (annualized) | 16.2% | 14.6% | |
| Max Drawdown | -41.1% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Nov 10, 2006 |
FDVV vs VYM Performance
Fidelity High Dividend ETF (FDVV) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FDVV returned +20.46% while VYM returned +23.76%. Year to date, FDVV is up 11.50% versus a gain of 13.24% for VYM.
Over three years, FDVV compounded at +18.37% per year against +16.97% for VYM; over five years the annualized figures are +14.24% and +12.26% respectively. Across the full 10-year window we track, FDVV has the edge at +11.71% annualized vs +6.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDVV has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.95. 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 VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, FDVV currently yields 2.87% against 2.86% for VYM.
Holdings Overlap
FDVV and VYM share 59 holdings out of 596 unique holdings combined, representing a 31.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDVV | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 3.11% | 6.47% | 3.36% |
| JPM | 2.65% | 3.36% | 0.71% |
| PG | 1.77% | 1.72% | 0.05% |
| HD | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| DELL | Pro | Pro | Pro |
| PM | Pro | Pro | Pro |
| GS | Pro | Pro | Pro |
See all 10 holdings FDVV shares with VYM 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 VYM?
FDVV has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, FDVV or VYM?
Over the past year FDVV returned +20.46% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.71% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, FDVV or VYM?
FDVV has been the more volatile fund at 16.2% annualized versus 14.6% for VYM. Worst drawdown: FDVV -41.1% vs VYM -58.8%.
Should I hold both FDVV and VYM?
FDVV and VYM have a monthly-return correlation of 0.95, 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 VYM?
FDVV and VYM share 59 common holdings with a 31.1% weight overlap. Combined, they hold 596 unique securities.
Which pays a higher dividend, FDVV or VYM?
FDVV yields 2.87% while VYM yields 2.86%, so FDVV currently pays the higher dividend yield.
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