Which returned more over the last year, FDVV or SPY?

In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and SPY +13.6%.

Which is cheaper, FDVV or SPY?

SPY is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FDVV and SPY overlap with the S&P 500?

By their latest filed holdings, 87% of FDVV and 100% of SPY by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FDVV vs SPY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FDVV returned +13.5% to SPY's +13.6%; 32% 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 $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust.

FDVV on its own →SPY on its own →

At a glance

+13.5%

FDVV total return, 1 year

+13.6%

SPY total return, 1 year

0.15%

FDVV expense ratio

0.09%

SPY expense ratio

Pair scorecard

SPY costs 0.06 points a year less; their one-year returns differ by 0.1 points; SPY is far larger, $809.2bn against $10.2bn.

FDVV vs SPY: Differences, Returns & Fees
Measure	FDVV	SPY
Return
Measure	FDVV	SPY
Total return, 1 year	+13.5%	+13.6%
Benchmark
Measure	FDVV	SPY
What it tracks	Fidelity High Dividend Index	S&P 500 Index
Cost and size
Measure	FDVV	SPY
Expense ratio	0.15%	0.09%
Net assets, as of Sep 30, 2026	$10.2bn	$809.2bn
Holdings
Measure	FDVV	SPY
Holdings in common	32%
Top ten holdings, share of the fund	33.8%	38.1%

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 returns

FDVV SPY

Return

Total return edge SPY +247.7% +312.3%

Annualized edge SPY +13.1% +15.0%

Price return edge SPY +143.5% +251.9%

Risk

Volatility edge Tie 16.9% 17.0%

Max drawdown edge SPY −37.4% −31.8%

Risk-adjusted

Sharpe edge SPY 0.67 0.76

Sortino edge SPY 0.93 1.10

Calmar edge SPY 0.35 0.47

Reading

SPY returned more: +312.3% to +247.7%. FDVV and SPY swung about the same: 16.9% and 17.0%. SPY fell less at its worst: −31.8% to −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FDVV vs SPY: Differences, Returns & Fees
Measure	FDVV	SPY	Edge	How it is measured
Return
Total return	+247.7%	+312.3%	SPY	Price change plus distributions, reinvested.
Annualized	+13.1%	+15.0%	SPY	Total return as a yearly rate.
Price return	+143.5%	+251.9%	SPY	Price change alone, distributions left out.
Risk
Volatility	16.9%	17.0%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.1%	11.8%	SPY (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−37.4%	−31.8%	SPY	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.67	0.76	SPY	Return above Treasury bills per unit of volatility.
Sortino	0.93	1.10	SPY	Return above Treasury bills per unit of downside deviation.
Calmar	0.35	0.47	SPY	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

32%

By the books each fund has filed, FDVV and SPY hold 32% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

32% in common

Positions both hold · largest shared weight first FDVV SPY

NVIDIA CORP 6.57% 7.92%

APPLE INC 6.18% 7.61%

MICROSOFT CORP 4.88% 5.93%

BROADCOM INC 3.11% 2.45%

ALPHABET INC 1.95% 2.83%

META PLATFORMS INC 0.65% 2.06%

COCA COLA CO 1.96% 0.53%

UNITEDHEALTH GROUP INC 0.50% 0.55%

BANK OF AMERICA CORPORATION 1.96% 0.49%

HOME DEPOT INC 1.59% 0.48%

PHILIP MORRIS INTERNATIONAL INC 1.80% 0.47%

ABBVIE INC 0.45% 0.76%

Only in one fund ↓

Only in FDVV

JPMORGAN CHASE and CO 2.76%

PROCTER and GAMBLE CO 1.69%

WELLS FARGO and CO 1.52%

BANCA MONTE DEI PASCHI DI SIENA SPA 1.50%

PRUDENTIAL FINL INC 1.50%

VAIL RESORTS INC 1.43%

US BANCORP DEL 1.42%

BANCO BPM SPA 1.41%

Only in SPY

AMAZON.COM INC 3.73%

ALPHABET INC CL C 2.26%

TESLA INC 1.73%

MICRON TECHNOLOGY INC 1.58%

ELI LILLY + CO 1.54%

BERKSHIRE HATHAWAY INC CL B 1.52%

ADVANCED MICRO DEVICES 1.37%

JPMORGAN CHASE + CO 1.34%

Check overlap with more funds →

Side by side

FDVV Fidelity High Dividend ETF SPY SPDR S&P 500 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 500

Total return, 1 year +13.5% +13.6%

Its benchmark over the same days not measured +13.7% (VOO)

Gap to its benchmark not measured −0.1 pts vs VOO

Expense ratio 0.15% 0.09%

Already in the S&P 500 87.4% 99.8%

Holdings 95 504

Net assets, FDVV as of Sep 30, 2026 and SPY as of Oct 27, 2026 $10.2bn $814.8bn

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

Client brief · page 1 of 2 Report BR-6A5222B4C4

FDVV and SPY do different jobs. What does each one do in a portfolio?

What each follows. FDVV follows Fidelity High Dividend Index and SPY follows S&P 500 Index.
Holdings in common. 32% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
Number of holdings. FDVV holds 95 positions and SPY holds 504.

Data as of Oct 28, 2026.

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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%.

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. 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 504 positions, with the top ten at 38.1%.

Questions people ask

Which returned more over the last year, FDVV or SPY?: In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and SPY +13.6%.
Which is cheaper, FDVV or SPY?: SPY is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDVV and SPY overlap with the S&P 500?: By their latest filed holdings, 87% of FDVV and 100% of SPY by weight is stocks the S&P 500 already holds.

Other comparisons

FDVV vs IVV FDVV vs VTI FDVV vs VOO FDVV vs SPYM EQWL vs SPY SPY vs VLUE SPY vs SPYD AVLV vs SPY

Where to next

FDVV on its own →SPY on its own →Hold both: look the portfolio through →Rankings →FDVV dividend history →FDVV holdings →SPY dividend history →SPY holdings →Standards and sources →

Sources and dates

FDVV filings on SEC EDGAR ↗

FDVV prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

SPY 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.

Cite this pageCitation, APA and Markdown

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

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