FDVV vs SPYD: Grades, Fees and Holdings Compared

Fidelity High Dividend ETF

FDVVANYSE Arca

State Street SPDR Portfolio S&P 500 High Dividend ETF

SPYDANYSE Arca

Overlap

25.8%by weight

Expense ratio

SPYD −0.08pt a year

FDVV0.15%SPYD0.07%

Avg volume · 30D

SPYD 1.4×the volume

FDVV712KSPYD1M

10Y return · a year

FDVV +4.7pt

FDVV+13.6%SPYD+8.9%

FDVV vs SPYD Performance

Oct 29, 2021 – Oct 30, 2026

+87.9%FDVV+52.1%SPYD

Expense ratio: FDVV 0.15%; SPYD 0.07%, better
Fund size: FDVV $10.2B; SPYD $7.61B
1Y total return: FDVV +14.2%; SPYD +20.6%, better
Yield (12M): FDVV 2.76%; SPYD 4.20%, better
Holdings: FDVV 107; SPYD 81
Avg volume (30D): FDVV 712K sh; SPYD 1M sh, better
NAV per share: FDVV $62.12; SPYD $48.88
52W range

ETF.net Grade

Pillar letters and Scores for FDVV, SPYD, with each pillar’s weight
Pillar	FDVV	SPYD
Cost30% weight	A80	A88Higher
Mission25% weight	A80	A88Higher
Risk15% weight	C50Higher	C40
Tradability15% weight	A79	A92Higher
Holdings10% weight	C40	A73Higher
Durability5% weight	A76	A83Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. FDVV and SPYD are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

SPYD ranks 4th and FDVV 8th of 52 funds in the US Dividend Index Category.

Rank 1ADGROiShares Core Dividend Growth ETFScore 86
Rank 2ASCHDSchwab U.S. Dividend Equity ETFScore 81
Rank 3ADIVBiShares Core Dividend ETFScore 80
Rank 4ASPYDState Street SPDR Portfolio S&P 500 High Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 8ADTDWisdomTree U.S. Total Dividend FundScore 71
Rank 8AFDVVFidelity High Dividend ETF Score 71
Rank 11AHDViShares Core High Dividend ETFScore 70

Our read on each fund

ETF.net Research

FDVVAFidelity High Dividend ETF

SPYDAState Street SPDR Portfolio S&P 500 High Dividend ETF

In short

FDVV Fidelity built its own high-dividend index instead of licensing someone else's, then priced it at 0.15%. About 120 yield-screened stocks, cash out quarterly, in a multi-billion-dollar package.

SPYD Most dividend ETFs hunt for companies that keep raising payouts. SPYD skips the courtship and goes straight for the yield: roughly 80 high-dividend names out of the S&P 500, for 0.07% a year.

Stated mandate

FDVV The fund seeks to track, before fees and expenses, the Fidelity High Dividend Index. It normally invests at least 80% of assets in securities included in that index or depositary receipts representing those securities.

SPYD The fund seeks to provide returns that generally correspond to the total return of the S&P 500 High Dividend Index before fees and expenses.

Why people hold it

FDVV 0.15% a year against a 0.39% median for dividend-screen funds. Less of the dividend leaks out on the way to you.
Rules, not hunches: it tracks the Fidelity High Dividend Index and normally keeps at least 80% of assets in that index's names.fidelity.com
A multi-billion-dollar fund that trades actively, so the spread is rarely the story when you buy or sell.
Pays quarterly and sits among the stronger builds in a crowded field of US dividend screens.

SPYD 0.07% a year against a 0.39% median across dividend-screen peers. It undercuts DGRO's 0.08% and sits a hair above SCHD.
A pure yield screen, not a growth screen. Where VIG and DGRO buy payout raisers, SPYD takes the high-dividend end of the S&P 500. Different flavor of the same food group.
Running since 2015, now a multi-billion-dollar fund and one of the more actively traded names in its cohort, so getting in and out is rarely the hard part.
Pays quarterly and has tracked the S&P 500 High Dividend Index closely, which is the whole job for a fund like this.

Worth knowing

FDVV Cheaper doors into dividends exist: VIG at 0.04% and SCHD at 0.06%. The extra basis points here buy Fidelity's own screen, not a broader menu.
A yield screen trims the market to roughly 120 stocks, so sector and single-name weights run heavier than in a total-market fund.
The quarterly check follows what the holdings actually pay. This fund tracks an index; it does not target an income level.

SPYD About 80 stocks is a narrow slice. Screening on yield pulls the sector mix away from the broad S&P 500, and the ride can be bumpier than the index it comes from.
A high yield is a ranking, not a promise. The index sorts on payout size, not on how reliably a company has grown or defended that payout.

Full FDVV profile⁠

Full SPYD profile⁠

FDVV vs SPYD Holdings

How FDVV and SPYD differ

Overlap by weight

25.8%

Shared holdings make up 40.5% of SPYD and 27.3% of FDVV.

Level by level

Holdings32 in both25.8%
Sector11 Sectors60.3%
Countryby domicile94.2%
Asset classEquity100%

Sector

Sector weights in FDVV and SPYD, widest gap first
Sector	More in FDVVMore in SPYD	FDVV	SPYD
Technology	FDVV +27.3 points	31.3%	4.0%
Real Estate	SPYD +16.3 points	8.1%	24.4%
Materials	SPYD +7.5 points	0.0%	7.5%
Consumer Discretionary	FDVV +6.4 points	11.8%	5.4%
Financials	FDVV +6.1 points	19.4%	13.3%
Energy	SPYD +5.8 points	0.0%	5.8%
Consumer Staples	SPYD +3.1 points	10.9%	14.0%
Utilities	SPYD +2.9 points	8.0%	10.9%
Industrials	SPYD +1.6 points	3.6%	5.2%
Communication	SPYD +1.5 points	3.6%	5.1%
Health Care	SPYD +0.9 points	3.5%	4.4%

Country, concentration and asset class

Country by domicile

Country weights in FDVV and SPYD, widest gap first
Country	More in FDVVMore in SPYD	FDVV	SPYD
United States	SPYD +3.2 points	94.2%	97.4%
Italy	FDVV +2.6 points	2.6%	0.0%
Denmark	FDVV +1.5 points	1.5%	0.0%
United Kingdom	SPYD +1.4 points	0.0%	1.4%
Ireland	SPYD +1.2 points	0.0%	1.2%
Norway	FDVV +1.1 points	1.1%	0.0%
Japan	FDVV +0.5 points	0.5%	0.0%
Singapore	FDVV +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FDVV36.2%
SPYD16.2%

Securities held

FDVV96
SPYD79

Asset class

FDVV: Equity
SPYD: Equity

Holdings

Only in FDVV64
In both32
Only in SPYD47

Only in FDVV

64 securities, 73.9% of FDVV by weight

NVIDIA Corp7.05%
Apple Inc7.03%
Microsoft Corp5.62%
Dell Technologies Inc Class C3.15%
Broadcom Inc2.77%
JPMorgan Chase & Co2.71%
Coca Cola Co2.10%
Philip Morris Intl Inc1.99%
Procter & Gamble Co1.89%
Goldman Sachs Group Inc1.65%
Bank of America Corporation1.63%
Home Depot Inc1.59%
Starbucks Corp1.59%
Alphabet Inc Class A1.56%
Wells Fargo & Co1.50%
Vail Resorts Inc1.49%
Tjx Companies Inc New1.43%
Securities Lending Cf1.41%
Texas Instruments Inc1.41%
Banca Monte Dei Pasch Sien Spa1.38%
Mcdonalds Corp1.31%
Danske Bk As1.21%
Banco Bpm Spa1.20%
Old Republic Intl Corp1.16%
Lowes Cos Inc1.15%
Southern Co1.12%
Orkla Asa1.12%
American Electric Power Co Inc1.12%
Nextera Energy1.12%
Annaly Capital Mgmt Inc Reit0.99%
Intl Bus Mach Corp0.97%
Accenture PLC Class A0.96%
Prologis Inc Reit0.89%
Omega Healthcare Investors Inc0.84%
Eli Lilly & Co0.78%
Meta Platforms Inc Class A0.73%
Gaming and Leisure Proprti Inc0.67%
Johnson & Johnson0.57%
AbbVie Inc0.53%
UnitedHealth Group Inc0.50%
Merck & Co Inc New0.44%
Ge Aerospace0.35%
Caterpillar Inc0.32%
Rtx Corp0.32%
Union Pacific Corp0.31%
Automatic Data Processing Inc0.28%
Mitsui Osk Lines Ltd0.26%
Lockheed Martin Corp0.26%
A P Moller - Maersk A/S B0.25%
Nippon Yusen Kabushiki Kaisha0.24%

Only in SPYD

47 securities, 59.2% of SPYD by weight

Accenture PLC Class A2.27%
Hasbro Inc1.73%
Chevron Corp1.54%
Medtronic PLC1.53%
Stanley Black & Decker Inc1.49%
Eog Resources Inc1.45%
Target Corp1.42%
Amcor PLC1.40%
Dow Inc1.38%
Jm Smucker Co/The1.38%
Ares Management Corp A1.37%
Host Hotels & Resorts Inc1.35%
Lyondellbasell Indu Class A1.35%
Kinder Morgan Inc1.35%
Oneok Inc1.34%
Extra Space Storage Inc1.33%
Kenvue Inc1.32%
Kimberly Clark Corp1.30%
Pinnacle West Capital1.29%
Franklin Templeton Inc1.29%
Evergy Inc1.27%
Smurfit Westrock PLC1.23%
Firstenergy Corp1.22%
International Paper Co1.21%
Regions Financial Corp1.20%
Bxp Inc1.20%
Kimco Realty Corp1.20%
Keycorp1.20%
Clorox Company1.19%
T Rowe Price Group Inc1.18%
Dominion Energy Inc1.18%
Fidelity National Info Serv1.18%
Regency Centers Corp1.17%
Essex Property Trust Inc1.16%
Vivmark Residential1.16%
Invitation Homes Inc1.16%
General Mills Inc1.16%
Mccormick & Co Non Vtg Shrs1.16%
Mid America Apartment Comm1.16%
Camden Property Trust1.16%
Udr Inc1.15%
Federal Realty Invs Trust1.14%
Huntington Bancshares Inc1.12%
Hormel Foods Corp1.06%
Alexandria Real Estate Equit1.05%
Mosaic Co/The1.03%
S+P500 Emini Fut DEC26<0.01%

Weight gaps

All 32 Holdings in both funds, largest gap first.

Holding weights in FDVV and SPYD, widest gap first
Holding	More in FDVVMore in SPYD	FDVV	SPYD
Omnicom Group IncOMC	SPYD +1.27 points	0.04%	1.31%
Pfizer IncPFE	SPYD +1.23 points	0.32%	1.55%
Comcast Corp Class ACMCSA	SPYD +1.16 points	0.06%	1.22%
Verizon Communications IncVZ	SPYD +1.15 points	0.12%	1.27%
Honeywell Intl IncHON	SPYD +1.11 points	0.12%	1.23%
AT&T IncT	SPYD +1.07 points	0.10%	1.17%
Paychex IncPAYX	SPYD +1.05 points	0.22%	1.27%
Bristol-Myers Squibb CoBMY	SPYD +1.01 points	0.29%	1.30%
United Parcel Service Inc Class BUPS	SPYD +0.99 points	0.20%	1.19%
Crown Castle IncCCI	SPYD +0.65 points	0.83%	1.48%
American Tower CorpAMT	SPYD +0.52 points	0.92%	1.44%
Vici Pptys IncVICI	SPYD +0.51 points	0.68%	1.19%
Best Buy Co IncBBY	FDVV +0.45 points	1.93%	1.48%
Public StoragePSA	SPYD +0.41 points	0.90%	1.31%
Aes CorpAES	SPYD +0.37 points	0.92%	1.29%
Hp IncHPQ	SPYD +0.37 points	1.26%	1.63%
Realty Income Corp ReitO	SPYD +0.35 points	0.77%	1.12%
Altria Group IncMO	FDVV +0.35 points	1.72%	1.37%
Nike Inc Class BNKE	SPYD +0.32 points	0.85%	1.17%
Simon Ppty Group Inc - ReitSPG	SPYD +0.29 points	0.94%	1.23%
Healthpeak Properties IncDOC	SPYD +0.22 points	0.87%	1.09%
Exelon CorpEXC	SPYD +0.20 points	1.07%	1.27%
Eversource EnergyES	SPYD +0.19 points	0.98%	1.17%
Prudential Financial IncPRU	FDVV +0.18 points	1.45%	1.27%
Us Bancorp DelUSB	FDVV +0.17 points	1.38%	1.21%
Duke Energy CorpDUK	SPYD +0.15 points	1.12%	1.27%
Ford Motor CoF	FDVV +0.13 points	1.23%	1.10%
Kraft Heinz CoKHC	FDVV +0.12 points	1.30%	1.18%
Pepsico IncPEP	FDVV +0.05 points	1.32%	1.27%
Truist Finl CorpTFC	SPYD +0.05 points	1.18%	1.23%
Blackstone IncBX	SPYD +0.04 points	1.22%	1.26%
Edison IntlEIX	SPYD +0.03 points	0.92%	0.95%

All 119 FDVV holdings⁠All 78 SPYD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDVV vs SPYD Cost

Overpaying FDVV vs SPYD

$1,657

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FDVV 0.15%
$3,137
SPYD 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

FDVV 0.15%
SPYD 0.07%
Overpaying

Year by year

Year	FDVV	SPYD	Overpaying
10	$274	$128	$146
20	$1,071	$503	$568
30	$3,137	$1,480	$1,657

Expense ratio

0.15%FDVV
0.07%SPYD, cheaper

SPYD0.07%FDVV0.15%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

SPYD 6th cheapest of 52 funds

FDVV 11th cheapest of 52 funds

FDVV vs SPYD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FDVV 2.76%; SPYD 4.20%, better
Payout (12M): FDVV $1.71; SPYD $2.06
Last payment: FDVV $0.36; SPYD $0.52
Ex-dividend: FDVV Sep 18, 2026; SPYD Sep 21, 2026
Paid on: FDVV Sep 22, 2026; SPYD Sep 23, 2026
Frequency: FDVV Quarterly; SPYD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FDVVQuarterly · 39 paymentsAll FDVV payments⁠

SPYDQuarterly · 39 paymentsAll SPYD payments⁠

FDVV vs SPYD Risk

Fall from peak · 5 years

FDVV
SPYD

Risk facts

VolatilityStd dev, 3 years: FDVV 10.8%, betterSPYD 14.5%
Return per unit of riskSharpe ratio, 3 years: FDVV 1.49, betterSPYD 0.96
Worst fallMax drawdown, 5 years: FDVV −20.2%, betterSPYD −22.2%
Market sensitivityBeta, 5 years: FDVV 0.78SPYD 0.64; Market = 1

FDVV and SPYD in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026SPYD
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026SPYD

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FDVV vs SPYD

In short

Stated mandate

Why people hold it

Worth knowing

How FDVV and SPYD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDVV

Only in SPYD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

For a rising dividend, iShares Core Dividend Growth ETF ranks first

Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.

How FDVV and SPYD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDVV

Only in SPYD

Weight gaps