What defines a large-value ETF and how do FDVV and HDV fit?

Large-value ETFs target companies perceived as trading below intrinsic worth while maintaining stable dividends. Both FDVV and HDV fall into this category. FDVV costs 0.15% and yields 2.74%, offering exposure via active management. HDV costs 0.08% and yields 2.99%, providing a passive index approach. Value investing seeks established businesses with robust cash flows.

How do expense ratios compare between FDVV and HDV?

FDVV carries a 0.15% expense ratio, while HDV costs 0.08%. The difference is 0.07 percentage points annually. Over longer periods, lower fees can enhance net returns for investors holding either fund. Expense ratios are fixed costs that reduce compound growth, making them a critical factor when comparing large-value ETFs in similar categories.

Do FDVV and HDV track specific indices or benchmarks?

Index tracked data is not available for either FDVV or HDV. This prevents investors from reviewing standard benchmark methodology or sector allocation targets. While both are large-value ETFs, the absence of published indices limits transparency regarding how holdings are selected, potentially affecting confidence in the consistency and reproducibility of their respective investment strategies over time.

How do dividend yields compare between FDVV and HDV?

FDVV offers a dividend yield of 2.74%, whereas HDV provides 2.99%. HDV currently delivers a higher yield by 0.25 percentage points. Dividend yields reflect the annual payout relative to the fund's price. Investors prioritising immediate income may note HDV's advantage, though yields vary with market prices and corporate payout policies over time.

What is the holdings overlap between FDVV and HDV?

The two funds share only one top-10 holding: Coca-Cola (KO). FDVV's top positions include NVDA, AAPL, MSFT, DELL, and AVGO. HDV holds XOM, CVX, ABBV, VZ, and PG. Despite both being large-value ETFs, their portfolios significantly diverge, reflecting different strategies. This low overlap demonstrates distinct approaches to achieving income objectives within the value asset class.

Which fund aligns better with tech-focused income strategies?

FDVV offers substantial tech exposure through NVDA, AAPL, MSFT, DELL, and AVGO. This positions it toward growth-oriented technology within a value mandate. HDV focuses primarily on energy, consumer staples, and telecommunications, avoiding major technology holdings. Investors seeking higher dividend yield combined with technology exposure might find FDVV's portfolio composition more suitable for their specific thematic objectives.

How do sector exposures differ between FDVV and HDV?

Both funds have sector weights listed as not available. However, top holdings reveal a clear divergence. FDVV has significant technology concentration, including NVDA and MSFT. HDV holds energy firms like XOM and consumer staples such as PG. These differences indicate distinct risk profiles, with FDVV's tech weighting offering potential growth but higher volatility compared to HDV's defensive sector bias.

How do asset sizes compare for FDVV and HDV?

HDV manages $15.6 billion in net assets, while FDVV manages $10.3 billion. Larger fund sizes often indicate higher market adoption and potentially better liquidity, meaning shares are bought and sold more easily. HDV's $15.6 billion asset base exceeds FDVV's $10.3 billion, suggesting greater trading depth for investors concerned about bid-ask spreads or transaction efficiency.

Which ETF is more established in the market?

HDV was launched on March 29, 2011, while FDVV was launched on September 12, 2016. HDV has a longer operational history, providing approximately five additional years of data and management experience. A longer track record may offer more transparency into how each fund performs across different market cycles, particularly during periods of volatility.

What costs should investors consider when comparing FDVV and HDV?

Key costs include expense ratios: FDVV is 0.15% and HDV is 0.08%. The 0.07 percentage point difference reduces net returns over long-term holding periods. Investors should also consider bid-ask spreads, which depend on trading volume and asset size. HDV's larger asset base may suggest tighter trading costs, though liquidity should be checked before executing transactions.

Does the fund structure affect how dividends are distributed?

Both FDVV and HDV pay distributions based on underlying company dividends. Index tracked information is not available, but their active and passive strategies influence selection, which in turn affects timing and amount of dividends. HDV yields 2.99% and FDVV yields 2.74%. Investors should review each fund's distribution history directly, as yields can fluctuate with market conditions and company policies.

FDVV vs HDV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Fidelity Covington Trust High Dividend ETF and Core High Dividend iShares. This page examines expense ratios, net assets, dividend yields, top holdings and inception dates. FDVV costs 0.15% and yields 2.74%; HDV costs 0.08% and yields 2.99%. Explore how each fund positions within large value equities. Educational content, not financial advice.

Compare Fidelity Covington Trust High Dividend ETF and Core High Dividend iShares. This page examines expense ratios, net assets, dividend yields, top holdings and inception dates. FDVV costs 0.15% an...

Fund Snapshot

Key Fund Metrics

FDVV

Metric

HDV

0.15%

Expense Ratio

0.08%

2.74%

Dividend Yield

2.99%

$10.34B

Net Assets

$15.56B

109

Holdings

81

Sep 12, 2016

Inception Date

Mar 29, 2011

–

Index Tracked

–

Large Value

Fund Category

Large Value

HDV costs about $7.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	FDVV	HDV
KOThe Coca-Cola Company	2.00%	4.32%

Discover More Comparisons

FDVV vs VYM

Compare FDVV and VYM on fees, dividends, holdings, and tracking. Note FDVV 0.15% cost and 2.74% yield versus VYM 0.04% cost and 2.31% yield.

FDVV vs SCHD

Compare FDVV and SCHD ETFs on fees, holdings, dividends, and tracking. FDVV 0.15%, SCHD 0.06%. Yields 2.74% and 3.11%. Index tracking not available.

FDVV vs VIG

Compare FDVV and VIG ETFs on expense ratios, dividend yields and holdings. Review fund structures and market tracking data for informed analysis.

Investment Analysis

FDVV

Pros

Fund A offers a competitive 0.15% expense ratio for active large-value exposure.
With $10.3 billion in assets, Fund A benefits from substantial scale and liquidity.
Investors gain exposure to high-quality technology holdings like Nvidia and Microsoft.

Considerations

Fund A's 2.74% dividend yield trails the sector average for income-focused funds.
Lack of published sector weights limits transparency for thematic asset allocation strategies.
Top holdings are heavily weighted toward tech, reducing diversification benefits for value investors.

HDV

Pros

Fund B boasts a low 0.08% expense ratio, enhancing net returns for cost-sensitive investors.
Its $15.6 billion asset base indicates strong market adoption and deep trading liquidity.
The fund delivers a 2.99% yield, aligning well with core equity income objectives.

Considerations

A significant 9.04% weight in ExxonMobil exposes the portfolio to oil price volatility.
Energy and consumer staples dominate holdings, resulting in limited exposure to growing sectors.
Absence of specific index methodology details makes benchmark tracking evaluation difficult.

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About FDVV and HDV

FDVV (FDVV)

The Fidelity Covington Trust High Dividend ETF (FDVV) is a large value fund designed to provide exposure to equities with higher-than-average dividend yields. With net assets of USD 10.34 billion and a modest expense ratio of 0.15%, it offers investors a relatively cost-efficient way to access a diversified portfolio of 109 holdings. Since its inception in September 2016, the fund has focused on companies that are often viewed as stable income generators. The current dividend yield stands at 2.74%, making it a potential component for those seeking regular income alongside capital appreciation. However, it is important to remember that values can rise and fall, and returns are not guaranteed. This fund suits investors interested in large-cap value strategies, though all investments carry risk and should be considered alongside personal financial goals.

HDV (HDV)

iShares Core High Dividend ETF (HDV) is an exchange-traded fund that targets higher-yielding, primarily US large‑cap companies selected for dividend sustainability and financial strength. It offers investors a focused route to regular income through dividend distributions while still exposing them to equity market movements and potential capital growth. Compared with broad-market ETFs, HDV typically holds fewer holdings and may show sector or style concentration, which can amplify both returns and risks. Dividend levels depend on company payouts and can fall or stop entirely; past distributions do not guarantee future income. Fees, index rules and market conditions all influence outcomes. This information is general and educational, not personalised financial advice. Investors should consider their objectives, risk tolerance and seek professional advice where appropriate before investing.

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FDVV vs HDV

Fund Snapshot