FDV vs VOO
Federated Hermes US Strategic Dividend 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 | FDV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $850M | $979.0B | |
| Dividend Yield | 2.94% | 1.09% | |
| Holdings | 52 | 509 | |
| YTD Return | +17.66% | +13.80% | |
| 1Y Return | +22.40% | +23.71% | |
| 3Y Return (annualized) | +14.64% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 12.2% | 14.1% | |
| Max Drawdown | -16.7% | -34.3% | |
| Fund Family | Federated Hermes Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 15, 2022 | Sep 7, 2010 |
FDV vs VOO Performance
Federated Hermes US Strategic Dividend ETF (FDV) is a ETF from Federated Hermes Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FDV returned +22.40% while VOO returned +23.71%. Year to date, FDV is up 17.66% versus a gain of 13.80% for VOO.
Over three years, FDV compounded at +14.64% per year against +21.50% for VOO. Across the full 4-year window we track, VOO has the edge at +13.58% annualized vs +11.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FDV charges 0.50% per year while VOO 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 VOO.
Holdings Overlap
FDV and VOO share 45 holdings out of 510 unique holdings combined, representing a 9.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDV or VOO?
FDV has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, FDV or VOO?
Over the past year FDV returned +22.40% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), FDV annualized +11.38% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, FDV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.2% for FDV. Worst drawdown: FDV -16.7% vs VOO -34.3%.
Should I hold both FDV and VOO?
FDV and VOO have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDV and VOO?
FDV and VOO share 45 common holdings with a 9.3% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, FDV or VOO?
FDV yields 2.94% while VOO yields 1.09%, so FDV currently pays the higher dividend yield.
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