FDHY vs VTI
Fidelity Enhanced High Yield ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | FDHY | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $536M | $663.5B | |
| Dividend Yield | 7.10% | 1.07% | |
| Holdings | 302 | 3,543 | |
| YTD Return | +3.60% | +14.96% | |
| 1Y Return | +6.81% | +22.39% | |
| 3Y Return (annualized) | +8.76% | +21.51% | |
| 5Y Return (annualized) | +3.94% | +12.36% | |
| Volatility (annualized) | 8.0% | 15.4% | |
| Max Drawdown | -20.3% | -56.6% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 12, 2018 | May 24, 2001 |
FDHY vs VTI Performance
Fidelity Enhanced High Yield ETF (FDHY) is a ETF from Fidelity Investments (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FDHY returned +6.81% while VTI returned +22.39%. Year to date, FDHY is up 3.60% versus a gain of 14.96% for VTI.
Over three years, FDHY compounded at +8.76% per year against +21.51% for VTI; over five years the annualized figures are +3.94% and +12.36% respectively. Across the full 8-year window we track, VTI has the edge at +8.16% annualized vs +4.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 8.0% for FDHY. 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 -20.3% for FDHY and -56.6% for VTI. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDHY charges 0.35% per year while VTI charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, FDHY currently yields 7.10% against 1.07% for VTI.
Holdings Overlap
FDHY and VTI share 0 holdings out of 2787 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, FDHY or VTI?
FDHY has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, FDHY or VTI?
Over the past year FDHY returned +6.81% vs +22.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (8 years), FDHY annualized +4.19% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, FDHY or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 8.0% for FDHY. Worst drawdown: FDHY -20.3% vs VTI -56.6%.
Should I hold both FDHY and VTI?
FDHY and VTI have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDHY and VTI?
FDHY and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2787 unique securities.
Which pays a higher dividend, FDHY or VTI?
FDHY yields 7.10% while VTI yields 1.07%, so FDHY currently pays the higher dividend yield.
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