FDRV vs VOO
Fidelity Electric Vehicles and Future Transportation 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 | FDRV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $28M | $979.0B | |
| Dividend Yield | 1.20% | 1.09% | |
| Holdings | 55 | 509 | |
| YTD Return | +8.10% | +13.72% | |
| 1Y Return | +16.10% | +21.63% | |
| 3Y Return (annualized) | -0.88% | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 29.9% | 14.1% | |
| Max Drawdown | -63.9% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | Sep 7, 2010 |
FDRV vs VOO Performance
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FDRV returned +16.10% while VOO returned +21.63%. Year to date, FDRV is up 8.10% versus a gain of 13.72% for VOO.
Over three years, FDRV compounded at -0.88% per year against +21.55% for VOO. Across the full 5-year window we track, VOO has the edge at +13.56% annualized vs -6.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDRV has been the more volatile fund, with annualized monthly volatility of 29.9% 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 -63.9% for FDRV 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDRV charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, FDRV currently yields 1.20% against 1.09% for VOO.
Holdings Overlap
FDRV and VOO share 8 holdings out of 547 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDRV or VOO?
FDRV has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FDRV or VOO?
Over the past year FDRV returned +16.10% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FDRV annualized -6.63% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, FDRV or VOO?
FDRV has been the more volatile fund at 29.9% annualized versus 14.1% for VOO. Worst drawdown: FDRV -63.9% vs VOO -34.3%.
Should I hold both FDRV and VOO?
FDRV and VOO have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDRV and VOO?
FDRV and VOO share 8 common holdings with a 2.6% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, FDRV or VOO?
FDRV yields 1.20% while VOO yields 1.09%, so FDRV currently pays the higher dividend yield.
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