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Data as of Oct 28, 2026.

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FDVV vs MDY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FDVV returned +13.5% to MDY's +12.8%; 1% 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 $25.9bn on Oct 27, 2026 for SPDR S&P MidCap 400 ETF Trust.

FDVV on its own →MDY on its own →
At a glance
+13.5%
FDVV total return, 1 year
+12.8%
MDY total return, 1 year
0.15%
FDVV expense ratio
0.23%
MDY expense ratio

Pair scorecard

FDVV costs 0.08 points a year less; their one-year returns differ by 0.7 points; MDY is 2.5 times larger.

FDVV vs MDY: Differences, Returns & Fees
MeasureFDVVMDY
Return
Total return, 1 year+13.5%+12.8%
Drawdown
Below its high6.5%, high on Aug 14, 2026
Benchmark
What it tracksFidelity High Dividend IndexS&P MidCap 400 Index
Cost and size
Expense ratio0.15%0.23%
Net assets, as of Sep 30, 2026$10.2bn$25.2bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund33.8%7.5%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

What they share

1%

By the books each fund has filed, FDVV and MDY hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first FDVV MDY
OMEGA HEALTHCARE INVESTORS INC 0.90% 0.41%
ANNALY CAPITAL MANAGEMENT INC 1.21% 0.40%
GAMING AND LEISURE PROPERTIES INC 0.75% 0.33%
VAIL RESORTS INC 1.43% 0.16%
WHIRLPOOL CORP 0.55% 0.05%
NEW YORK TIMES CO 0.03% 0.29%
NEXSTAR MEDIA GROUP INC 0.03% 0.14%
Only in one fund ↓
Only in FDVV
NVIDIA CORP 6.57%
APPLE INC 6.18%
MICROSOFT CORP 4.88%
BROADCOM INC 3.11%
JPMORGAN CHASE and CO 2.76%
DELL TECHNOLOGIES INC 2.66%
BANK OF AMERICA CORPORATION 1.96%
COCA COLA CO 1.96%
Only in MDY
Okta Inc. Class A 1.09%
U.S. Dollar 0.96%
TechnipFMC plc 0.81%
United Therapeutics Corporation 0.73%
Entegris Inc. 0.66%
ATI Inc 0.66%
US Foods Holding Corp. 0.64%
Reliance Inc. 0.64%
Check overlap with more funds →

Side by side

FDVV Fidelity High Dividend ETF MDY SPDR S&P MidCap 400 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer Fidelity State Street
What it is Tracks an index of High Dividend Tracks the S&P MidCap 400
Total return, 1 year +13.5% +12.8%
Its benchmark over the same days not measured +13.2% (IJH)
Gap to its benchmark not measured −0.4 pts vs IJH
Expense ratio 0.15% 0.23%
Already in the S&P 500 87.4% 0.0%
Holdings 95 401
Net assets, FDVV as of Sep 30, 2026 and MDY as of Oct 27, 2026 $10.2bn $25.9bn

FDVV and MDY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
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%.

MDY

MDY tracks the S&P MidCap 400. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested, against +13.2% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.23% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.5%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FDVV or MDY?
In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and MDY +12.8%.
Which is cheaper, FDVV or MDY?
FDVV is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDVV and MDY overlap with the S&P 500?
By their latest filed holdings, 87% of FDVV and 0% of MDY by weight is stocks the S&P 500 already holds.
Other comparisons
FDVV vs VXFFDVV vs MOATFDVV vs VOFDVV vs IJHMDY vs SPHDMDY vs VLUEMDY vs SPYDMDY vs PVAL
Where to next
FDVV on its own →MDY on its own →Hold both: look the portfolio through →Rankings →FDVV dividend history →FDVV holdings →MDY dividend history →MDY holdings →Standards and sources →
Sources and dates
FDVV filings on SEC EDGAR ↗
FDVV prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
MDY filings on SEC EDGAR ↗
State Street website ↗

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, FDVV against MDY, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-mdy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.