FDVV vs IVV
Fidelity High 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 508 holdings.
Side-by-Side Comparison
| Metric | FDVV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $10.2B | $907.0B | |
| Dividend Yield | 2.77% | 1.10% | |
| Holdings | 112 | 508 | |
| YTD Return | +12.63% | +12.39% | |
| 1Y Return | +18.30% | +20.24% | |
| 3Y Return (annualized) | +20.35% | +21.78% | |
| 5Y Return (annualized) | +14.15% | +12.84% | |
| Volatility (annualized) | 16.1% | 15.1% | |
| Max Drawdown | -41.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | May 15, 2000 |
FDVV vs IVV Performance
Fidelity High Dividend ETF (FDVV) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDVV returned +18.30% while IVV returned +20.24%. Year to date, FDVV is up 12.63% versus a gain of 12.39% for IVV.
Over three years, FDVV compounded at +20.35% per year against +21.78% for IVV; over five years the annualized figures are +14.15% and +12.84% respectively. Across the full 10-year window we track, FDVV has the edge at +11.74% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDVV has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% for IVV. 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 -41.1% for FDVV 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDVV charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FDVV currently yields 2.77% against 1.10% for IVV.
Holdings Overlap
FDVV and IVV share 77 holdings out of 525 unique holdings combined, representing a 37.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDVV or IVV?
FDVV has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FDVV or IVV?
Over the past year FDVV returned +18.30% vs +20.24% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.74% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FDVV or IVV?
FDVV has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: FDVV -41.1% vs IVV -56.5%.
Should I hold both FDVV and IVV?
FDVV and IVV have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDVV and IVV?
FDVV and IVV share 77 common holdings with a 37.9% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, FDVV or IVV?
FDVV yields 2.77% while IVV yields 1.10%, so FDVV currently pays the higher dividend yield.
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