DIVZ vs FDV
Polen Dividend Income ETF vs Federated Hermes US Strategic Dividend ETF
Which is better, DIVZ or FDV?
Nearly the same fund. FDV costs less.
FDV has a lower expense ratio. DIVZ led over the full window, FDV over 1Y. The two have moved almost in lockstep, correlation 0.95. FDV is less concentrated, with 32.4% of the fund in its ten largest positions against 49.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVZ | FDV |
|---|---|---|
| Expense Ratio | 0.65% | 0.50%Best |
| AUM | $304M | $934M |
| Dividend Yield | 2.66% | 3.04% |
| Holdings | 58 | 103 |
| Volatility (annualized) | 11.8%Best | 13.0% |
| Max Drawdown | -12.4%Best | -16.7% |
| $10,000 over 2.6 years | $12,915Best | $11,889 |
| Top 10 Weight | 49.2% | 32.4%Best |
| Fund Family | TrueShares | Federated Hermes Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 27, 2021 | Nov 15, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 488 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DIVZ has data through Jun 13, 2025 and FDV through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Nov 16, 2022 to Jun 13, 2025 (2.6 years).
Risk: Volatility and Drawdowns
FDV has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 11.8% for DIVZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.4% for DIVZ and -16.7% for FDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVZ charges 0.65% per year while FDV charges 0.50%. On a $10,000 position that is $65 vs $50 annually, a gap of $15 per year that compounds over a long holding period. On income, DIVZ currently yields 2.66% against 3.04% for FDV.
Holdings Overlap
37.2% of DIVZ's money is in holdings FDV also owns. 18.4% of FDV's money is in holdings DIVZ also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 30 positions we hold weights for in DIVZ and 53 in FDV, against full books of 58 and 103.
What only one of them owns
Our book lists 43 positions for FDV that do not appear in our book for DIVZ (79.1% of the fund), and 20 for DIVZ that do not appear in FDV (60.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVZ | Weight in FDV | Difference |
|---|---|---|---|
| PMPhilip Morris International Inc. | 6.20% | 2.31% | 3.89% |
| CVXChevron Corp | 4.92% | 3.21% | 1.71% |
| VZVerizon Communic | 5.83% | 1.95% | 3.88% |
| NEENextera Energy Inc | 4.22% | 2.27% | 1.95% |
| ABBVAbbvie Inc. | 3.71% | 2.75% | 0.96% |
| MOAltria Group Inc | 4.23% | 0.96% | 3.27% |
| CMEC M E Group Inc. | 2.86% | 2.32% | 0.54% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 3.07% | 1.35% | 1.72% |
| ABTAbbot Laboratories | 2.14% | 1.32% | 0.82% |
37.2% of DIVZ is already inside FDV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVZ or FDV?
DIVZ has an expense ratio of 0.65% while FDV charges 0.50%. FDV is the cheaper option, by $15 a year on a $10,000 investment.
Which is riskier, DIVZ or FDV?
FDV has been the more volatile fund at 13.0% annualized versus 11.8% for DIVZ. Worst drawdown: DIVZ -12.4% vs FDV -16.7%.
Should I hold both DIVZ and FDV?
DIVZ and FDV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIVZ and FDV?
37.2% of DIVZ's money is in holdings FDV also owns. 18.4% of FDV's is in holdings DIVZ also owns. They hold 9 positions in common, counted across the 30 positions we hold weights for in DIVZ and 53 in FDV.
Which pays a higher dividend, DIVZ or FDV?
DIVZ yields 2.66% while FDV yields 3.04%, so FDV currently pays the higher dividend yield.
Is FDV better than DIVZ?
FDV has a lower expense ratio. DIVZ led over the full window, FDV over 1Y. The two have moved almost in lockstep, correlation 0.95. FDV is less concentrated, with 32.4% of the fund in its ten largest positions against 49.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.