EARN vs. FDVV
EARN (Ellington Residential Mortgage REIT) is a stock, while FDVV (Fidelity High Dividend ETF) is Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, EARN returned -4.73%/yr vs 13.47%/yr for FDVV. At a 0.46 correlation, their price movements are largely independent.
Performance
EARN vs. FDVV - Performance Comparison
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Returns By Period
In the year-to-date period, EARN achieves a -2.58% return, which is significantly lower than FDVV's 8.92% return.
EARN
- 1D
- 1.72%
- 1M
- 0.59%
- YTD
- -2.58%
- 6M
- -2.20%
- 1Y
- 1.22%
- 3Y*
- 2.77%
- 5Y*
- -4.73%
- 10Y*
- 3.19%
FDVV
- 1D
- 0.49%
- 1M
- 4.27%
- YTD
- 8.92%
- 6M
- 9.05%
- 1Y
- 24.60%
- 3Y*
- 20.55%
- 5Y*
- 13.47%
- 10Y*
- —
EARN vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EARN Ellington Residential Mortgage REIT | -2.58% | -5.88% | 24.65% | 2.97% | -25.04% | -11.96% | 35.60% | 17.85% | -3.09% | 3.42% |
FDVV Fidelity High Dividend ETF | 8.92% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Correlation
The correlation between EARN and FDVV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.46 |
The correlation between EARN and FDVV shifts across timeframes, from 0.36 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EARN vs. FDVV — Risk / Return Rank
EARN
FDVV
EARN vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ellington Residential Mortgage REIT (EARN) and Fidelity High Dividend ETF (FDVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EARN | FDVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.46 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.66 | -2.60 |
| Martin ratioReturn relative to average drawdown | 0.13 | 11.05 | -10.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EARN | FDVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.46 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.92 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.80 | -0.73 |
Drawdowns
EARN vs. FDVV - Drawdown Comparison
The maximum EARN drawdown since its inception was -66.44%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for EARN and FDVV.
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Drawdown Indicators
| EARN | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -40.25% | -26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -21.53% | -9.30% | -12.23% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -15.90% | -15.29% |
Max Drawdown (5Y)Largest decline over 5 years | -49.98% | -20.18% | -29.80% |
Max Drawdown (10Y)Largest decline over 10 years | -66.44% | — | — |
Current DrawdownCurrent decline from peak | -28.07% | -0.63% | -27.44% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -3.81% | -13.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 2.23% | +6.89% |
Volatility
EARN vs. FDVV - Volatility Comparison
Ellington Residential Mortgage REIT (EARN) has a higher volatility of 6.98% compared to Fidelity High Dividend ETF (FDVV) at 3.12%. This indicates that EARN's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EARN | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 3.12% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 17.40% | 8.00% | +9.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 10.04% | +11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.86% | 14.75% | +12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 17.00% | +20.63% |
Dividends
EARN vs. FDVV - Dividend Comparison
EARN's dividend yield for the trailing twelve months is around 20.30%, more than FDVV's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EARN Ellington Residential Mortgage REIT | 20.30% | 18.22% | 14.50% | 15.66% | 15.16% | 11.36% | 8.59% | 10.88% | 14.17% | 13.04% | 12.68% | 16.19% |
FDVV Fidelity High Dividend ETF | 2.70% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Frequently Asked Questions
EARN and FDVV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EARN has higher volatility (6.98%) compared to FDVV (3.12%). In terms of maximum drawdown, EARN dropped -66.44% vs FDVV's -40.25%.
FDVV currently has the higher Sharpe Ratio (2.46 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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