Data as of Oct 28, 2026.
FDVV vs SPHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDVV returned +13.5% to SPHD's +11.0%; 13% 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 $3.3bn on Oct 27, 2026 for Invesco S&P 500 High Dividend Low Volatility ETF.
Pair scorecard
FDVV costs 0.15 points a year less; their one-year returns differ by 2.5 points.
| Measure | FDVV | SPHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | +11.0% |
| Drawdown | ||
| Below its high | 4.2%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | Fidelity High Dividend Index | S&P 500 Low Volatility High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.30% |
| Net assets, FDVV as of Sep 30, 2026 and SPHD as of Oct 27, 2026 | $10.2bn | $3.3bn |
| Holdings | ||
| Holdings in common | 13% | |
| Top ten holdings, share of the fund | 33.8% | 28.2% |
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 +101.1%. FDVV swung slightly less: 16.9% to 17.7%. FDVV fell slightly less at its worst: −37.4% to −38.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDVV | SPHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +247.7% | +101.1% | FDVV | Price change plus distributions, reinvested. |
| Annualized | +13.1% | +7.1% | FDVV | Total return as a yearly rate. |
| Price return | +143.5% | +32.0% | FDVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 17.7% | FDVV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.1% | 12.7% | FDVV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.4% | −38.2% | FDVV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.67 | 0.34 | FDVV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 0.47 | FDVV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.35 | 0.19 | 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 SPHD hold 13% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
13% in common
Only in one fund ↓
Side by side
FDVV and SPHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDVV and SPHD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FDVV follows Fidelity High Dividend Index and SPHD follows S&P 500 Low Volatility High Dividend Index.
- Holdings in common. 13% 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 SPHD +11.0% with distributions reinvested, a gap of 2.5 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%.
SPHD
SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDVV or SPHD?
- In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and SPHD +11.0%.
- Which is cheaper, FDVV or SPHD?
- FDVV is cheaper, by 0.15 percentage points a year. That is about $15 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, FDVV against SPHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-sphd
ETFIQ. (Oct 28, 2026). FDVV against SPHD. Retrieved from https://etfiq.com/compare/any/fdvv-vs-sphd
[FDVV against SPHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdvv-vs-sphd)
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