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

In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and VPU −3.3%.

Which is cheaper, FDVV or VPU?

VPU 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 VPU overlap with the S&P 500?

By their latest filed holdings, 87% of FDVV and 90% of VPU by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FDVV vs VPU: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FDVV returned +13.5% to VPU's −3.3%; 7% of their weight is in the same names.

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Net assets on Sep 30, 2026: $10.2bn for Fidelity High Dividend ETF and $7.7bn for Vanguard Utilities ETF.

FDVV on its own →VPU on its own →

At a glance

+13.5%

FDVV total return, 1 year

−3.3%

VPU total return, 1 year

0.15%

FDVV expense ratio

0.09%

VPU expense ratio

Pair scorecard

VPU costs 0.06 points a year less; their one-year returns differ by 16.8 points; FDVV is 1.3 times larger.

FDVV vs VPU: Differences, Returns & Fees
Measure	FDVV	VPU
Return
Measure	FDVV	VPU
Total return, 1 year	+13.5%	−3.3%
Drawdown
Measure	FDVV	VPU
Below its high		8.9%, high on Feb 27, 2026
Benchmark
Measure	FDVV	VPU
What it tracks	Fidelity High Dividend Index	MSCI US Investable Market Index (IMI)/Utilities 25/50
Cost and size
Measure	FDVV	VPU
Expense ratio	0.15%	0.09%
Net assets, as of Sep 30, 2026	$10.2bn	$7.7bn
Holdings
Measure	FDVV	VPU
Holdings in common	7%
Top ten holdings, share of the fund	33.8%	52.3%

Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026. Method

What they share

By the books each fund has filed, FDVV and VPU hold 7% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first FDVV VPU

NEXTERA ENERGY INC 1.17% 11.39%

SOUTHERN COMPANY 1.13% 6.74%

EDISON INTERNATIONAL 1.12% 1.49%

AMERICAN ELECTRIC POWER CO INC 1.10% 4.66%

EXELON CORP 1.05% 2.98%

EVERSOURCE ENERGY 1.02% 1.74%

AES CORP 0.89% 0.77%

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 VPU

Duke Energy Corp 6.41%

Constellation Energy Corp 5.72%

Dominion Energy Inc 3.84%

Sempra 3.68%

Vistra Corp 3.37%

Entergy Corp 3.34%

Xcel Energy Inc 3.17%

Consolidated Edison Inc 2.72%

Check overlap with more funds →

Side by side

FDVV Fidelity High Dividend ETF VPU Vanguard Utilities ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity Vanguard

What it is Tracks an index of High Dividend Tracks an index of Utilities

Total return, 1 year +13.5% −3.3%

Its benchmark over the same days not measured −3.3% (FUTY)

Gap to its benchmark not measured 0.0 pts vs FUTY

Expense ratio 0.15% 0.09%

Already in the S&P 500 87.4% 89.7%

Holdings 95 70

Net assets, as of Sep 30, 2026 $10.2bn $7.7bn

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

Alert

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%.

VPU

VPU tracks an index of Utilities. Over the year to Oct 28, 2026 it returned −3.3% with distributions reinvested, against −3.3% for its benchmark, the MSCI US Investable Market Index (IMI)/Utilities 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 70 positions, with the top ten at 52.3%. It sat 8.9% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FDVV or VPU?: In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and VPU −3.3%.
Which is cheaper, FDVV or VPU?: VPU 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 VPU overlap with the S&P 500?: By their latest filed holdings, 87% of FDVV and 90% of VPU by weight is stocks the S&P 500 already holds.

Other comparisons

FDVV vs XLU FDVV vs VOX FDVV vs VDE FDVV vs KRE SPHD vs VPU VLUE vs VPU SPYD vs VPU PVAL vs VPU

Where to next

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

Sources and dates

FDVV filings on SEC EDGAR ↗

FDVV prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

VPU filings on SEC EDGAR ↗

VPU prospectus with the expense ratio (SEC) ↗

Vanguard page for VPU ↗

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 VPU, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-vpu

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