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ETFs

Fidelity High Dividend ETF

FDVV
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Today’s Change
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Snapshot
*

Inception Date
Sep 12 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$5,473,674
AUM
$1,341,654,261
Associated Index
Fidelity High Dividend Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
5.73%
MSFT
Microsoft Corporation
5.04%
PG
Procter & Gamble Co.
2.55%
CF.CCCF
SECURITIES LENDING CF
2.52%
XOM
Exxon Mobil Corp.
2.40%
JPM
JPMorgan Chase & Co.
2.37%
PEP
PepsiCo Inc
2.31%
NVDA
NVIDIA Corp
2.25%
KO
Coca-Cola Co
2.22%
CVX
Chevron Corp.
1.98%
Invest with FDVV

What is FDVV?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity High Dividend Index. Normally investing at least 80% of assets in securities included in the Fidelity Core Dividend Index and in depository receipts representing securities included in the index. The Fidelity Core Dividend Index is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends.

ETFs related toFDVV

ETFs correlated to FDVV include PRF, FNDX, FNDB

FDVV
Fidelity Covington Trust - Fidelity High Dividend ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFDVV

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FDVV using Composer

FAQ

FDVV is a US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity High Dividend Index. Normally investing at least 80% of assets in securities included in the Fidelity Core Dividend Index and in depository receipts representing securities included in the index. The Fidelity Core Dividend Index is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends.

FDVV tracks the Fidelity High Dividend Index.

FDVV dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, FDVV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDVV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDVV is -0.0376%. This is the percent change in the value of FDVV over the most recent 1-month period. The 3-month return on FDVV is 0.0166%. This is the percent change in the value of FDVV over the most recent 3-month period.

The standard deviation of FDVV for the past year is 0.2113%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDVV include FDL, DFAT, and SDY.

ETFs correlated to FDVV include PRF, FNDX, and FNDB.

ETFs that are inversely correlated to FDVV include SDS, SPDN, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.