FDVV: FIDELITY HIGH DIVIDEND ETF
What this ETF is trying to do
The Fidelity High Dividend ETF (FDVV) is an exchange-traded fund (ETF) that focuses on companies that pay dividends. Based on its top holdings, it invests in a variety of large, well-known companies across different industries, including technology, finance, and consumer goods.
What the numbers show
The current price of FDVV is $61.67. The estimated price from roughly one year ago was $55.66.
To understand how the ETF has performed, we look at two different types of returns:
• Price Return: This measures only the change in the share price. Over the last year, the price return was approximately 10.80%. Over three years, the price return was about 59.40%.
• Total Return: This figure reflects the overall return, which includes both the share-price movement and any distributions paid out. The one-year total return was approximately 14.10%, and the three-year total return was about 75.12%.
For the year to date (YTD), the price return is 8.78% and the total return is 11.25%.
Income and distribution explanation
FDVV has a distribution yield of approximately 2.78%. This number describes the cash distributions relative to the current ETF price. The fund usually pays these distributions quarterly, with four payouts occurring in the last 12 months.
It is important for new investors to know that a high distribution yield does not mean an investor earned that specific percentage as their total return. Additionally, while frequent distributions provide cash income, they do not guarantee that the original investment amount (the principal) will be preserved.
NAV erosion explanation
NAV erosion is a term used to describe when the value of the underlying assets in a fund declines over time. StockValueFinder uses an erosion score and a severe erosion-risk flag to measure this risk.
For FDVV, the erosion score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF. This means that based on the supplied facts, there is no evidence of significant price deterioration or NAV erosion.
Pros
• The ETF has shown positive returns over one year, three years, and five years.
• It has a "good" erosion severity rating with no detected price erosion.
• It provides regular distributions, usually on a quarterly basis.
Cons
• The total return is significantly higher than the price return, which means that a large portion of the returns comes from distributions rather than just the share price increasing.
• The portfolio has a concentration in several very large technology and finance companies.
Top Holdings
As of October 4, 2026, the top holdings include: 1. NVIDIA CORP: 7.32% 2. APPLE INC: 6.42% 3. MICROSOFT CORP: 5.40% 4. DELL: 3.04% 5. BROADCOM INC: 2.99% 6. JPMORGAN CHASE & CO: 2.83% 7. COCA-COLA CO: 2.01% 8. BANK OF AMERICA CORP: 1.99% 9. ALPHABET INC CLASS A: 1.88% 10. THE GOLDMAN SACHS GROUP INC: 1.83%
*Note: These are only the top holdings; the ETF holds a total of 106 different assets.*
Beginner takeaway
FDVV is an ETF that tracks high-dividend stocks. The data shows that it has provided positive price and total returns over several years. While it pays out regular distributions, investors should remember that these payouts are separate from the share price movement. Currently, there are no signs of NAV erosion for this fund.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 7.97% |
| 2 | APPLE INC | AAPL | 6.94% |
| 3 | MICROSOFT CORP | MSFT | 5.66% |
| 4 | n/a | DELL | 3.85% |
| 5 | BROADCOM INC | AVGO | 2.95% |
| 6 | JPMORGAN CHASE & CO | JPM | 2.71% |
| 7 | COCA-COLA CO | KO | 2.00% |
| 8 | ALPHABET INC CLASS A | GOOGL | 1.95% |
| 9 | PHILIP MORRIS INTERNATIONAL INC | PM | 1.84% |
| 10 | BANK OF AMERICA CORP | BAC | 1.77% |