Expense structure, sector focus, and risk profiles set these two high-dividend ETFs apart in ways that matter for portfolio strategy.
Both the Fidelity High Dividend ETF (FDVV +0.41%) and the Vanguard High Dividend Yield ETF (VYM +0.33%) aim to deliver above-average income by focusing on companies with strong dividend profiles.
While FDVV introduces sector tilts for yield enhancement, VYM tracks a broad, passively managed index of high-yield stocks, leading to meaningful differences in cost, diversification, and sector exposure.
Snapshot (cost & size)
MetricFDVVVYMIssuerFidelityVanguardExpense ratio0.15%0.06%1-yr return (as of Dec. 20, 2025)13.43%13.14%Dividend yield3.02%2.42%Beta (5Y monthly)0.820.74AUM$7.7 billion$84.6 billion
Beta measures price volatility relative to the S&P 500. The 1-yr return represents total return over the trailing 12 months.
VYM is more affordable to own,…
