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ETF Comparison

FDVV vs VOO: Which Is the Better Pick in 2026?

A head-to-head comparison of Fidelity High Dividend ETF and Vanguard S&P 500 ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs82
Total AUM$191B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Fidelity Investments is a major player in the ETF space, known for offering a comprehensive range of funds across diverse investment strategies and asset classes. Their lineup of 67 ETFs spans allocation, bond, dividend, equity, factor-based, income, index, international, and sector-focused strategies, with notable offerings including their Fidelity Factor and Fidelity Yield Enhanced families designed to capture specific market premiums and enhance income generation. The issuer serves both broad market investors and those seeking specialized exposure, with popular tickers like FBTC (their Bitcoin ETF) and various dividend and income-focused funds catering to different investor objectives and risk profiles.

See our curated list of related YouTube videos on FDVV.

ETFs115
Total AUM$4484B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Vanguard is known for offering low-cost, passively managed ETFs that emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.

See our curated list of related YouTube videos on VOO.

Side-by-side snapshot

FDVVVOO
Full nameFidelity High Dividend ETFVanguard S&P 500 ETF
IssuerFidelity InvestmentsVanguard
Last Close$62.05 as of July 15, 2026$691.10 as of July 15, 2026
Distribution yield3.35%1.14%
Distribution Safety Score 89100
Expense ratio0.15%0.03%
AUM$9.80B$1033B
Distribution frequencyQuarterlyQuarterly
Underlying indexFidelity High Dividend IndexS&P 500 Index
ObjectiveDividend IncomeTrack the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset classEquityEquity
Inception date09/12/201609/07/2010
Beta0.791.0
Last dividend$0.5190$1.9622
Ex-dividend date06/18/202606/26/2026

Bottom lineChoose FDVV if you want higher current income (3.35% vs 1.14% for VOO). Choose VOO if you want simple, diversified core exposure in one low-cost fund.

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

FDVV (Fidelity High Dividend ETF) and VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

FDVV offers the higher yield at 3.35% vs 1.14% for VOO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

VOO is cheaper with an expense ratio of 0.03% compared to 0.15%.

They track different benchmarks: FDVV is linked to Fidelity High Dividend Index while VOO tracks S&P 500 Index, which means their performance drivers differ.

VOO is the larger fund by assets ($1033B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose FDVV

Fidelity High Dividend ETF

  • Want higher current income — FDVV yields 3.35% vs 1.14% for VOO.
  • Want a quality-dividend tilt — screened payers rather than the broad index.
  • Prefer lower volatility — a beta of 0.8 vs 1.0 for VOO.

Choose VOO

Vanguard S&P 500 ETF

  • Want simple, diversified core exposure as a portfolio building block.
  • Want to keep costs low — a 0.03% expense ratio vs 0.15% for FDVV.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, FDVV would generate roughly $27.92/month, while VOO would produce $9.50/month, at current distribution rates. Both pay quarterly distributions.

FDVV yield3.35%
VOO yield1.14%
Monthly diff on $10K$18.42

Cost & efficiency

Over 10 years on $10,000, FDVV would cost approximately $150 in fees vs $30 for VOO (simplified, not compounded). The $120.00 difference may be offset by yield or performance.

FDVV ER0.15%
VOO ER0.03%

Strategy & risk

FDVV tracks Fidelity High Dividend Index with a dividend income approach, while VOO tracks S&P 500 Index with a large cap approach. Beta is 0.79 for FDVV and 1.0 for VOO, indicating FDVV is less volatile relative to the market.

FDVV beta0.79
VOO beta1.0

Fund details

FDVV is managed by Fidelity Investments (launched 09/12/2016) with $9.80B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1033B in assets.

FDVV AUM$9.80B
VOO AUM$1033B

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Frequently asked questions

Is FDVV or VOO better for dividend income?

It depends on your goals. FDVV currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between FDVV and VOO?

FDVV (Fidelity High Dividend ETF) tracks Fidelity High Dividend Index with a dividend income approach, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by Fidelity Investments and Vanguard respectively.

Can I hold both FDVV and VOO?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, FDVV or VOO?

FDVV has an expense ratio of 0.15% while VOO charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in FDVV vs VOO generate?

At current rates, $10,000 in FDVV would generate roughly $27.92 per month ($335.00 annually). The same in VOO would produce about $9.50 per month ($114.00 annually).

More comparisons to explore

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