Data as of Oct 28, 2026.
FDVV vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDVV returned +13.5% to SPHQ's +14.1%; 9% 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 $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 0.6 points.
Points (pts) are percentage points.
| Measure | FDVV | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | +14.1% |
| Drawdown | ||
| Below its high | 6.4%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | Fidelity High Dividend Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, FDVV as of Sep 30, 2026 and SPHQ as of Oct 27, 2026 | $10.2bn | $18.7bn |
| Holdings | ||
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 33.8% | 43.3% |
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 returnsSPHQ returned more: +285.8% to +247.7%. FDVV and SPHQ swung about the same: 16.9% and 16.6%. SPHQ fell less at its worst: −28.8% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDVV | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +247.7% | +285.8% | SPHQ | Price change plus distributions, reinvested. |
| Annualized | +13.1% | +14.3% | SPHQ (slight) | Total return as a yearly rate. |
| Price return | +143.5% | +230.0% | SPHQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 16.6% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.1% | 11.6% | SPHQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.4% | −28.8% | SPHQ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.67 | 0.74 | SPHQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 1.06 | SPHQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.35 | 0.50 | SPHQ | 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 SPHQ hold 9% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
9% in common
Only in one fund ↓
Side by side
FDVV and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDVV and SPHQ do different jobs. What does each one do in a portfolio?
- What each follows. FDVV follows Fidelity High Dividend Index and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 FDVV returned +13.5% and SPHQ +14.1% with distributions reinvested, a gap of 0.6 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%.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
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 SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-sphq
ETFIQ. (Oct 28, 2026). FDVV against SPHQ. Retrieved from https://etfiq.com/compare/any/fdvv-vs-sphq
[FDVV against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdvv-vs-sphq)
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