The Fidelity High Dividend ETF (NYSEARCA:FDVV) is an index ETF focusing on dividend-paying U.S. equities, with smaller investments in international equities. FDVV's above-average 3.3% dividend yield and cheap valuation make the fund a buy. At the same time. I can't say that I find the fund clearly stronger than most other large dividend ETFs in the market, including the Schwab U.S. Dividend Equity ETF (SCHD). FDVV is fine, but nothing special. FDVV is an index ETF, tracking the Fidelity High Dividend Index.