At a glance
16% of FDVV’s and SCHD’s holdings overlap by weight, with 23 securities in common out of 96 and 99. SCHD costs less: 0.06% a year against 0.15% for FDVV, or $60 against $150 on every $100,000. FDVV has $10.16B in assets and SCHD $112.34B; over the past 12 months FDVV paid out 2.73% of its price and SCHD 2.95%, both quarterly. Over the past year FDVV returned +13.6% and SCHD +38.9% with distributions reinvested; over five years, +13.7% and +10.5% a year. In the 2022 bear market FDVV fell 20.2% at its worst and SCHD 16.8%; FDVV was back at its earlier high 9 months after the low, SCHD 15 months.
Key differences
| FDVV | SCHD | |
|---|---|---|
| Fund | Fidelity High Dividend ETF | Schwab US Dividend Equity ETF |
| Issuer | Fidelity | Schwab |
| Structure | Open-end ETF | Open-end ETF |
| Type | High dividend | Dividend |
| Launched | Sep 12, 2016 | Oct 20, 2011 |
| Expense ratio | 0.15% | 0.06% |
| Cost a year on $100,000 | $150 | $60 |
| Net assets | $10.16B | $112.34B |
| Holdings | 96 | 99 |
| Ten largest positions | 33.8% | 41.7% |
| Yield (12 months) | 2.73% | 2.95% |
| Pays | quarterly | quarterly |
| Portfolio turnover | 39% a year | 30% a year |
| Price data from | Sep 15, 2016 | Oct 20, 2011 |
Holdings and overlap
Overlap adds up, for every security both funds own, the smaller of its two weights: 100% would mean identical portfolios.
Largest holdings
| Holding | FDVV | SCHD |
|---|---|---|
| NVIDIA CORP | 6.57% | — |
| APPLE INC | 6.18% | — |
| MICROSOFT CORP | 4.89% | — |
| Merck & Co Inc | 0.39% | 4.76% |
| Amgen Inc | — | 4.70% |
| Abbott Laboratories | — | 4.68% |
| COCA COLA CO | 1.96% | 4.16% |
| Chevron Corp | — | 4.01% |
| Verizon Communications Inc | 0.13% | 3.96% |
| ConocoPhillips | — | 3.93% |
| Home Depot Inc | 1.59% | 3.87% |
| Procter & Gamble Co | 1.69% | 3.82% |
The biggest differences in weight: NVIDIA CORP (6.6% in FDVV, 0.0% in SCHD); APPLE INC (6.2% in FDVV, 0.0% in SCHD); MICROSOFT CORP (4.9% in FDVV, 0.0% in SCHD).
By sector
| Sector | FDVV | SCHD | Difference |
|---|---|---|---|
| Technology | 26.5% | 5.6% | FDVV +20.9 |
| Health care | 3.1% | 21.3% | SCHD +18.2 |
| Consumer staples | 9.7% | 17.7% | SCHD +8.0 |
| Financials | 13.5% | 5.2% | FDVV +8.3 |
| Energy | 0.0% | 12.7% | SCHD +12.7 |
| Industrials | 2.5% | 9.0% | SCHD +6.5 |
| Consumer discretionary | 8.9% | 7.2% | FDVV +1.7 |
| Utilities | 7.7% | 0.0% | FDVV +7.7 |
| Real estate | 6.0% | 0.0% | FDVV +6.0 |
| Communication services | 3.0% | 2.3% | FDVV +0.7 |
| Materials | 0.9% | 0.9% | — |
Returns
$10,000 put into FDVV on Sep 30, 2016 was worth $35,053 on Oct 27, 2026, and in SCHD $35,544 (+13.3% and +13.4% a year). That is as far back as the price data for both goes.
| 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|
| FDVV price data to Oct 27, 2026 | +13.6% | +22.8% | +13.7% | +13.6% |
| FDVV official prospectus, to Nov 29, 2025 | +21.71% | — | +12.85% | — |
| SCHD price data to Nov 2, 2026 | +38.9% | +19.9% | +10.5% | +13.9% |
| SCHD official prospectus, to Dec 31, 2024 | +11.60% | — | +11.03% | +11.03% |
Calendar years
| Year | FDVV | SCHD | Difference |
|---|---|---|---|
| 2026 | +12.8% * | +34.1% * | SCHD +21.3 |
| 2025 | +17.1% | +4.3% | FDVV +12.8 |
| 2024 | +21.8% | +11.6% | FDVV +10.2 |
| 2023 | +18.0% | +4.6% | FDVV +13.5 |
| 2022 | -4.2% | -3.2% | SCHD +0.9 |
| 2021 | +29.3% | +29.9% | SCHD +0.6 |
| 2020 | +2.9% | +15.1% | SCHD +12.2 |
| 2019 | +24.1% | +27.3% | SCHD +3.2 |
| 2018 | -1.2% | -5.5% | FDVV +4.3 |
| 2017 | +14.0% | +20.9% | SCHD +6.9 |
Downturns and recovery
| FDVV | SCHD | |
|---|---|---|
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before it launched | Before it launched |
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | −40.2% at the worst; back at its high 10 months after the low | −32.8% at the worst; back at its high 5 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | −20.2% at the worst; back at its high 9 months after the low | −16.8% at the worst; back at its high 15 months after the low |
| Worst fall in the price data | −40.2% (Feb 14, 2020 – Mar 23, 2020) | −33.4% (Jan 23, 2020 – Mar 23, 2020) |
Income
| Year | FDVV | SCHD |
|---|---|---|
| 2025 | $328 | $384 |
| 2024 | $348 | $389 |
| 2023 | $426 | $351 |
| 2022 | $320 | $317 |
| 2021 | $343 | $351 |
| 2020 | $314 | $349 |
| 2019 | $469 | $368 |
| 2018 | $387 | $283 |
Costs
SCHD charges 0.06% a year and FDVV 0.15%: on $100,000 that is $90 a year less with SCHD ($450 on $500,000). The fee comes out of each fund's assets, so it is already in the returns above.
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FDVV | $15 | $48 | $85 | $192 |
| SCHD | $6 | $19 | $34 | $77 |