FDEV vs VOO
Fidelity International Multifactor 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 509 holdings.
Side-by-Side Comparison
| Metric | FDEV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $283M | $997.4B | |
| Dividend Yield | 2.94% | 1.08% | |
| Holdings | 212 | 509 | |
| YTD Return | +8.78% | +14.27% | |
| 1Y Return | +15.91% | +21.79% | |
| 3Y Return (annualized) | +16.60% | +22.19% | |
| 5Y Return (annualized) | +7.36% | +13.28% | |
| Volatility (annualized) | 13.9% | 14.2% | |
| Max Drawdown | -30.1% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2019 | Sep 7, 2010 |
FDEV vs VOO Performance
Fidelity International Multifactor ETF (FDEV) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FDEV returned +15.91% while VOO returned +21.79%. Year to date, FDEV is up 8.78% versus a gain of 14.27% for VOO.
Over three years, FDEV compounded at +16.60% per year against +22.19% for VOO; over five years the annualized figures are +7.36% and +13.28% respectively. Across the full 8-year window we track, VOO has the edge at +13.59% annualized vs +8.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.9% for FDEV. 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 -30.1% for FDEV 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDEV charges 0.18% per year while VOO charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, FDEV currently yields 2.94% against 1.08% for VOO.
Holdings Overlap
FDEV and VOO share 0 holdings out of 705 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDEV or VOO?
FDEV has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FDEV or VOO?
Over the past year FDEV returned +15.91% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), FDEV annualized +8.41% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, FDEV or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 13.9% for FDEV. Worst drawdown: FDEV -30.1% vs VOO -34.3%.
Should I hold both FDEV and VOO?
FDEV and VOO have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDEV and VOO?
FDEV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 705 unique securities.
Which pays a higher dividend, FDEV or VOO?
FDEV yields 2.94% while VOO yields 1.08%, so FDEV currently pays the higher dividend yield.
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