Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FDVV vs VPU: how they differ
FDVV and VPU hold 9% of their weight in the same names, and FDVV returned more over the year.
Fidelity High Dividend ETF and Vanguard Utilities Index Fund.
What they hold in common
By the books each fund has filed, FDVV and VPU hold 9% of their money in the same securities at the same weight.
| Holding | FDVV | VPU |
|---|---|---|
| NEXTERA ENERGY INC | 1.39% | 11.84% |
| AMERICAN ELECTRIC POWER CO INC | 1.24% | 4.47% |
| SOUTHERN COMPANY | 1.22% | 6.70% |
| DUKE ENERGY CORP NEW | 1.20% | 6.31% |
| EDISON INTERNATIONAL | 1.12% | 1.78% |
| EXELON CORP | 1.11% | 3.05% |
| EVERSOURCE ENERGY | 1.06% | 1.69% |
| AES CORP | 0.92% | 0.69% |
| Only in FDVV | Only in VPU |
|---|---|
| NVIDIA CORP 6.86% | Constellation Energy Corp 5.86% |
| APPLE INC 5.70% | Sempra 3.85% |
| MICROSOFT CORP 4.50% | Dominion Energy Inc 3.78% |
| BROADCOM INC 3.50% | Vistra Corp 3.59% |
| JPMORGAN CHASE and CO 2.58% | Entergy Corp 3.22% |
| ALPHABET INC 2.21% | Xcel Energy Inc 3.11% |
| COCA COLA CO 1.85% | Public Service Enterprise Group Inc 2.60% |
| PROCTER and GAMBLE CO 1.81% | Consolidated Edison Inc 2.52% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| FDVV Fidelity High Dividend ETF | VPU Vanguard Utilities Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | Vanguard |
| What it is | High Dividend | Utilities |
| Total return, 1 year | +17.2% | +2.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.3 pts | −15.4 pts |
| Expense ratio | 0.15% | 0.09% |
| Already in the S&P 500 | 86.7% | 90.1% |
| Holdings | 96 | 66 |
FDVV in plain words
FDVV is an index equity fund tracking the High Dividend. Over the year to Sep 11, 2026 it returned +17.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 96 positions, with the top ten at 32.5%.
VPU in plain words
VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FDVV or VPU?
- In the year to Sep 12, 2026, with distributions reinvested, FDVV returned +17.2% and VPU returned +2.1%, so FDVV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FDVV or VPU?
- FDVV charges 0.15% a year and VPU charges 0.09%, so VPU is cheaper. Fees come from each fund's prospectus.
- How much do FDVV and VPU overlap with the S&P 500?
- By their latest filed holdings, 87% of FDVV and 90% of VPU by weight is stocks the S&P 500 already holds. Between the two funds, 9% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FDVV against VPU, data as of Sep 12, 2026. https://etfiq.com/compare/any/FDVV-VPU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources