FDVV vs MGV: Differences, Returns & Fees
FDVV and MGV hold 29% of their weight in the same names, and MGV returned +21.5% over the year. Net assets on Sep 30, 2026: $10.2bn for Fidelity High Dividend ETF and $13.5bn for Vanguard Morningstar Mega Cap Value ETF.
MGV costs 0.10 points a year less; their one-year returns differ by 7.4 points; MGV is 1.3 times larger.
| FDVV | MGV | |
|---|---|---|
| Expense ratio | 0.15% | 0.05% |
| Net assets, as of Sep 30, 2026 | $10.2bn | $13.5bn |
| Total return, 1 year | +14.1% | +21.5% |
| What it tracks | Fidelity High Dividend Index | CRSP U.S. Mega Cap Value Index |
| Holdings in common | 29% | |
| Top ten holdings, share of the fund | 33.8% | 28.5% |
| Below its high | 3.6%, high on Aug 13, 2026 | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026.
What they hold in common
By the books each fund has filed, FDVV and MGV hold 29% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
29% in common
On the same fields
FDVV and MGV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About FDVV
FDVV tracks an index of High Dividend. Over the year to Oct 9, 2026 it returned +14.1% 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%. It sat 3.6% below its high of Aug 13, 2026 on Oct 9, 2026.
About MGV
MGV tracks an index. Over the year to Oct 9, 2026 it returned +21.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 28.5%.
Questions people ask
- Which returned more over the last year, FDVV or MGV?
- In the year to Oct 9, 2026, with distributions reinvested, FDVV returned +14.1% and MGV +21.5%.
- Which is cheaper, FDVV or MGV?
- MGV 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 MGV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdvv-vs-mgv
ETFIQ. (Oct 9, 2026). FDVV against MGV. Retrieved from https://etfiq.com/compare/any/fdvv-vs-mgv
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