DVY vs FVD
iShares Select Dividend ETF vs First Trust Value Line Dividend Index Fund
Which is better, DVY or FVD?
Each has led over a different period.
DVY has a lower expense ratio. DVY led over 1Y, 3Y and 5Y, FVD over the full window. The two have moved almost in lockstep, correlation 0.92. FVD is less concentrated, with 4.5% of the fund in its ten largest positions against 19.8%.
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 | DVY | FVD |
|---|---|---|
| Expense Ratio | 0.38%Best | 0.61% |
| AUM | $22.7B | $7.7B |
| Dividend Yield | 3.51% | 2.39% |
| Holdings | 104 | 486 |
| YTD Return | +12.42%Best | +6.50% |
| 1Y Return | +14.91%Best | +8.06% |
| 3Y Return (annualized) | +17.39%Best | +11.32% |
| 5Y Return (annualized) | +9.53%Best | +5.86% |
| Volatility (annualized) | 15.3% | 13.4%Best |
| Max Drawdown | -65.2% | -54.1%Best |
| $10,000 over 5 years | $15,764Best | $13,294 |
| Top 10 Weight | 19.8% | 4.5%Best |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 3, 2003 | Aug 19, 2003 |
Volatility and max drawdown are measured over the window both funds cover: Dec 19, 2005 to Oct 14, 2026 (20.8 years).
DVY vs FVD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.8 years both funds cover.
DVY vs FVD Performance
iShares Select Dividend ETF (DVY) is an ETF from iShares by BlackRock (US) and First Trust Value Line Dividend Index Fund (FVD) is an ETF from First Trust Portfolios (US). Over the past year DVY returned +14.91% while FVD returned +8.06%. Year to date, DVY is up 12.42% versus a gain of 6.50% for FVD.
Over three years, DVY compounded at +17.39% per year against +11.32% for FVD; over five years the annualized figures are +9.53% and +5.86% respectively. Across the full 21-year window we track, FVD has the edge at +6.81% annualized vs +5.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.4% for FVD. 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 -65.2% for DVY and -54.1% for FVD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVY charges 0.38% per year while FVD charges 0.61%. On a $10,000 position that is $38 vs $61 annually, a gap of $23 per year that compounds over a long holding period. On income, DVY currently yields 3.51% against 2.39% for FVD.
Holdings Overlap
49.0% of DVY's money is in holdings FVD also owns. 19.3% of FVD's money is in holdings DVY also owns.
The two portfolios partly overlap.
46 positions in common, counted across the 99 positions we hold weights for in DVY and 239 in FVD, against full books of 104 and 486.
What only one of them owns
Measured across the 99 and 239 positions we hold weights for.
FVD holds 161 positions DVY does not, 67.3% of the fund.
Largest: ACN 0.46%, EMR 0.46%, IEX 0.45%, LECO 0.45%, NDSN 0.45%
Top Shared Holdings
| Stock | Weight in DVY | Weight in FVD | Difference |
|---|---|---|---|
| PFEPfizer, Inc. | 2.39% | 0.43% | 1.96% |
| PRUPrudential Financial Inc. | 2.18% | 0.41% | 1.77% |
| MOAltria Group Inc | 2.17% | 0.42% | 1.75% |
| TROWT Rowe Price Group | 2.13% | 0.43% | 1.70% |
| VZVerizon Communications | 1.81% | 0.41% | 1.40% |
| CVXChevron Corp. | 1.51% | 0.43% | 1.08% |
| KMBKimberly-Clark Corp. | 1.50% | 0.41% | 1.09% |
| PFGPrincipalfinancialgroupinc. | 1.41% | 0.41% | 1.00% |
| DDominion Energy Inc | 1.39% | 0.42% | 0.97% |
| GISGeneral Mills Inc. | 1.41% | 0.39% | 1.02% |
49.0% of DVY is already inside FVD.
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, DVY or FVD?
DVY has an expense ratio of 0.38% while FVD charges 0.61%. DVY is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, DVY or FVD?
Over the past year DVY returned +14.91% vs +8.06% for FVD, so DVY leads on 1-year performance. Over the longest common window we track (21 years), DVY annualized +5.55% vs +6.81% for FVD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVY or FVD?
DVY has been the more volatile fund at 15.3% annualized versus 13.4% for FVD. Worst drawdown: DVY -65.2% vs FVD -54.1%.
Should I hold both DVY and FVD?
DVY and FVD have a monthly-return correlation of 0.92, 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 DVY and FVD?
49.0% of DVY's money is in holdings FVD also owns. 19.3% of FVD's is in holdings DVY also owns. They hold 46 positions in common, counted across the 99 positions we hold weights for in DVY and 239 in FVD.
Which pays a higher dividend, DVY or FVD?
DVY yields 3.51% while FVD yields 2.39%, so DVY currently pays the higher dividend yield.
Is FVD better than DVY?
DVY has a lower expense ratio. DVY led over 1Y, 3Y and 5Y, FVD over the full window. The two have moved almost in lockstep, correlation 0.92. FVD is less concentrated, with 4.5% of the fund in its ten largest positions against 19.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.