Vanguard vs. Fidelity High-Dividend ETFs: Which Fits Your Income Strategy?

Key Points Vanguard High Dividend Yield ETF has a significantly lower expense ratio and higher assets under management (AUM) than Fidelity High Dividend ETF. Fidelity High Dividend ETF provides a higher trailing-12-month dividend yield but has experienced a steeper maximum drawdown over the last five years. Fidelity High Dividend ETF is heavily weighted toward technology, whereas Vanguard High Dividend Yield ETF offers broader diversification with over 500 holdings. 10 stocks we like better than Vanguard High Dividend Yield ETF › Vanguard High Dividend Yield ETF (NYSEMKT:VYM) offers a low-cost, broadly diversified approach, while Fidelity High Dividend ETF (NYSEMKT:FDVV) provides a higher current yield through a concentrated, tech-leaning portfolio.