Data as of Oct 28, 2026.
FDVV vs GOVT: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDVV returned +13.5% to GOVT's −1.5%; 0% of their weight is in the same names.
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Net assets: $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF, and $42.8bn on Oct 27, 2026 for iShares U.S. Treasury Bond ETF.
Pair scorecard
GOVT costs 0.10 points a year less; their one-year returns differ by 15.0 points; GOVT is 4.1 times larger.
| Measure | FDVV | GOVT |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | −1.5% |
| Drawdown | ||
| Below its high | 8.1%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | Fidelity High Dividend Index | ICE U.S. Treasury Core Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.05% |
| Net assets, as of Sep 30, 2026 | $10.2bn | $41.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 87% | |
| Top ten holdings, share of the fund | 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 returnsFDVV returned more: +247.7% to +7.2%. GOVT swung less: 4.8% to 16.9%. GOVT fell less at its worst: −18.7% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDVV | GOVT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +247.7% | +7.2% | FDVV | Price change plus distributions, reinvested. |
| Annualized | +13.1% | +0.7% | FDVV | Total return as a yearly rate. |
| Price return | +143.5% | −14.8% | FDVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 4.8% | GOVT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.1% | 3.5% | GOVT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.4% | −18.7% | GOVT | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.67 | −0.35 | FDVV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | −0.48 | FDVV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.35 | 0.04 | FDVV | 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, FDVV and GOVT hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
FDVV and GOVT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDVV and GOVT do different jobs. What does each one do in a portfolio?
- What each follows. FDVV follows Fidelity High Dividend Index and GOVT follows ICE U.S. Treasury Core Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FDVV returned +13.5% and GOVT −1.5% with distributions reinvested, a gap of 15.0 points.
Data as of Oct 28, 2026.
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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%.
GOVT
GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDVV or GOVT?
- In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and GOVT −1.5%.
- Which is cheaper, FDVV or GOVT?
- GOVT 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.
Cite this pageCitation, APA and Markdown
ETFIQ, FDVV against GOVT, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-govt
ETFIQ. (Oct 28, 2026). FDVV against GOVT. Retrieved from https://etfiq.com/compare/any/fdvv-vs-govt
[FDVV against GOVT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdvv-vs-govt)
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