Data as of Oct 28, 2026.
EQWL vs FDVV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EQWL returned +15.1% to FDVV's +13.5%; 22% of their weight is in the same names.
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Net assets: $2.8bn on Oct 27, 2026 for Invesco S&P 100 Equal Weight ETF, and $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF.
Pair scorecard
FDVV costs 0.10 points a year less; their one-year returns differ by 1.6 points.
| Measure | EQWL | FDVV |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.1% | +13.5% |
| Benchmark | ||
| What it tracks | S&P 100 Equal Weight Index | Fidelity High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.15% |
| Net assets, EQWL as of Oct 27, 2026 and FDVV as of Sep 30, 2026 | $2.8bn | $10.2bn |
| Holdings | ||
| Holdings in common | 22% | |
| Top ten holdings, share of the fund | 11.9% | 33.8% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Sep 23, 2016 to Oct 23, 2026 · 526 weekly returnsEQWL returned more: +287.5% to +247.7%. EQWL and FDVV swung about the same: 16.6% and 16.9%. EQWL fell less at its worst: −32.9% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EQWL | FDVV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +287.5% | +247.7% | EQWL | Price change plus distributions, reinvested. |
| Annualized | +14.3% | +13.1% | EQWL (slight) | Total return as a yearly rate. |
| Price return | +217.5% | +143.5% | EQWL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.6% | 16.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.7% | 12.1% | EQWL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.9% | −37.4% | EQWL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.74 | 0.67 | EQWL (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 0.93 | EQWL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.44 | 0.35 | EQWL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 526 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EQWL and FDVV hold 22% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
22% in common
Only in one fund ↓
Side by side
EQWL and FDVV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EQWL and FDVV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EQWL follows S&P 100 Equal Weight Index and FDVV follows Fidelity High Dividend Index.
- Holdings in common. 22% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
- Cost. EQWL charges 0.25% of assets a year and FDVV 0.15%, a gap of 0.10 points.
Data as of Oct 28, 2026.
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EQWL
EQWL tracks an index. Over the year to Oct 28, 2026 it returned +15.1% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 11.9%.
FDVV
FDVV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%.
Questions people ask
- Which returned more over the last year, EQWL or FDVV?
- In the year to Oct 28, 2026, with distributions reinvested, EQWL returned +15.1% and FDVV +13.5%.
- Which is cheaper, EQWL or FDVV?
- FDVV is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EQWL against FDVV, data as of Oct 28, 2026. https://etfiq.com/compare/any/eqwl-vs-fdvv
ETFIQ. (Oct 28, 2026). EQWL against FDVV. Retrieved from https://etfiq.com/compare/any/eqwl-vs-fdvv
[EQWL against FDVV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eqwl-vs-fdvv)
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