FDVV vs VYM
Fidelity High Dividend ETF vs Vanguard High Dividend Yield ETF
Which is better, FDVV or VYM?
Nearly the same fund. VYM costs less.
VYM has a lower expense ratio. FDVV led over 3Y, 5Y and the full window, VYM over 1Y. The two have moved almost in lockstep, correlation 0.95. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 35.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FDVV | VYM |
|---|---|---|
| Expense Ratio | 0.15% | 0.04%Best |
| AUM | $10.2B | $81.6B |
| Dividend Yield | 2.73% | 2.22% |
| Holdings | 100 | 613 |
| YTD Return | +12.04% | +13.08%Best |
| 1Y Return | +16.70% | +17.46%Best |
| 3Y Return (annualized) | +19.74%Best | +17.73% |
| 5Y Return (annualized) | +14.33%Best | +12.22% |
| Volatility (annualized) | 16.0% | 14.3%Best |
| Max Drawdown | -41.1% | -35.7%Best |
| $10,000 over 5 years | $19,534Best | $17,797 |
| Top 10 Weight | 35.7% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 12, 2016 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2016 to Sep 14, 2026 (10 years).
FDVV vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10 years both funds cover.
FDVV vs VYM Performance
Fidelity High Dividend ETF (FDVV) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FDVV returned +16.70% while VYM returned +17.46%. Year to date, FDVV is up 12.04% versus a gain of 13.08% for VYM.
Over three years, FDVV compounded at +19.74% per year against +17.73% for VYM; over five years the annualized figures are +14.33% and +12.22% respectively. Across the full 10-year window we track, FDVV has the edge at +11.61% annualized vs +10.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDVV has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 14.3% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, FDVV currently yields 2.73% against 2.22% for VYM.
Holdings Overlap
58.4% of FDVV's money is in holdings VYM also owns. 45.6% of VYM's money is in holdings FDVV also owns.
The two portfolios partly overlap.
60 positions in common, counted across the 92 positions we hold weights for in FDVV and 557 in VYM, against full books of 100 and 613.
What only one of them owns
Our book lists 468 positions for VYM that do not appear in our book for FDVV (51.4% of the fund), and 24 for FDVV that do not appear in VYM (35.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDVV | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.99% | 7.35% | 4.36% |
| JPMJpmorgan Chase | 2.83% | 3.82% | 0.99% |
| BACBank Of America Corp. | 1.99% | 1.66% | 0.33% |
| DELLDell Technologies Inc | 3.04% | 0.50% | 2.54% |
| KOCoca Cola Co. | 2.01% | 1.38% | 0.63% |
| PGProcter & Gamble Company | 1.72% | 1.37% | 0.35% |
| JNJJohnson & Johnson - Common | 0.55% | 2.51% | 1.96% |
| PMPhilip Morris International Inc. | 1.79% | 1.21% | 0.58% |
| GSGoldman Sachs Group Inc/The | 1.83% | 1.13% | 0.70% |
| HDHome Depot Inc/The | 1.60% | 1.34% | 0.26% |
58.4% of FDVV is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FDVV or VYM?
FDVV has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FDVV or VYM?
Over the past year FDVV returned +16.70% vs +17.46% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), FDVV annualized +11.61% vs +10.25% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FDVV or VYM?
FDVV has been the more volatile fund at 16.0% annualized versus 14.3% for VYM. Worst drawdown: FDVV -41.1% vs VYM -35.7%.
Should I hold both FDVV and VYM?
FDVV and VYM have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FDVV and VYM?
58.4% of FDVV's money is in holdings VYM also owns. 45.6% of VYM's is in holdings FDVV also owns. They hold 60 positions in common, counted across the 92 positions we hold weights for in FDVV and 557 in VYM.
Which pays a higher dividend, FDVV or VYM?
FDVV yields 2.73% while VYM yields 2.22%, so FDVV currently pays the higher dividend yield.
Is VYM better than FDVV?
VYM has a lower expense ratio. FDVV led over 3Y, 5Y and the full window, VYM over 1Y. The two have moved almost in lockstep, correlation 0.95. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 35.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.