FDV vs IVV
Federated Hermes US Strategic Dividend ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $850M | $865.2B | |
| Dividend Yield | 2.94% | 1.09% | |
| Holdings | 52 | 508 | |
| YTD Return | +17.91% | +13.80% | |
| 1Y Return | +22.66% | +23.01% | |
| 3Y Return (annualized) | +15.09% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 12.2% | 15.1% | |
| Max Drawdown | -16.7% | -56.5% | |
| Fund Family | Federated Hermes Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 15, 2022 | May 15, 2000 |
FDV vs IVV Performance
Federated Hermes US Strategic Dividend ETF (FDV) is a ETF from Federated Hermes Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDV returned +22.66% while IVV returned +23.01%. Year to date, FDV is up 17.91% versus a gain of 13.80% for IVV.
Over three years, FDV compounded at +15.09% per year against +21.77% for IVV. Across the full 4-year window we track, FDV has the edge at +11.42% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.2% for FDV. 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 -16.7% for FDV and -56.5% for IVV. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FDV charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, FDV currently yields 2.94% against 1.09% for IVV.
Holdings Overlap
FDV and IVV share 45 holdings out of 510 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDV or IVV?
FDV has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, FDV or IVV?
Over the past year FDV returned +22.66% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FDV annualized +11.42% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FDV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.2% for FDV. Worst drawdown: FDV -16.7% vs IVV -56.5%.
Should I hold both FDV and IVV?
FDV and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDV and IVV?
FDV and IVV share 45 common holdings with a 9.6% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, FDV or IVV?
FDV yields 2.94% while IVV yields 1.09%, so FDV currently pays the higher dividend yield.
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