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BALI vs. FDVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BALIFDVV
YTD Return24.73%25.17%
1Y Return33.55%38.31%
Sharpe Ratio3.303.63
Sortino Ratio4.404.98
Omega Ratio1.631.68
Calmar Ratio4.345.48
Martin Ratio20.0131.74
Ulcer Index1.68%1.19%
Daily Std Dev10.17%10.43%
Max Drawdown-7.74%-40.25%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.8

The correlation between BALI and FDVV is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

BALI vs. FDVV - Performance Comparison

The year-to-date returns for both investments are quite close, with BALI having a 24.73% return and FDVV slightly higher at 25.17%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
14.16%
14.92%
BALI
FDVV

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BALI vs. FDVV - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is higher than FDVV's 0.29% expense ratio.


BALI
Blackrock Advantage Large Cap Income ETF
Expense ratio chart for BALI: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for FDVV: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Risk-Adjusted Performance

BALI vs. FDVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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.


BALI
Sharpe ratio
The chart of Sharpe ratio for BALI, currently valued at 3.30, compared to the broader market-2.000.002.004.003.30
Sortino ratio
The chart of Sortino ratio for BALI, currently valued at 4.40, compared to the broader market-2.000.002.004.006.008.0010.0012.004.40
Omega ratio
The chart of Omega ratio for BALI, currently valued at 1.63, compared to the broader market1.001.502.002.503.001.63
Calmar ratio
The chart of Calmar ratio for BALI, currently valued at 4.34, compared to the broader market0.005.0010.0015.004.34
Martin ratio
The chart of Martin ratio for BALI, currently valued at 20.01, compared to the broader market0.0020.0040.0060.0080.00100.0020.01
FDVV
Sharpe ratio
The chart of Sharpe ratio for FDVV, currently valued at 3.63, compared to the broader market-2.000.002.004.003.63
Sortino ratio
The chart of Sortino ratio for FDVV, currently valued at 4.98, compared to the broader market-2.000.002.004.006.008.0010.0012.004.98
Omega ratio
The chart of Omega ratio for FDVV, currently valued at 1.68, compared to the broader market1.001.502.002.503.001.68
Calmar ratio
The chart of Calmar ratio for FDVV, currently valued at 7.49, compared to the broader market0.005.0010.0015.007.49
Martin ratio
The chart of Martin ratio for FDVV, currently valued at 31.74, compared to the broader market0.0020.0040.0060.0080.00100.0031.74

BALI vs. FDVV - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 3.30, which is comparable to the FDVV Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of BALI and FDVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.803.003.203.403.603.804.00Wed 02Fri 04Oct 06Tue 08Thu 10Sat 12Mon 14Wed 16Fri 18Oct 20Tue 22Thu 24Sat 26Mon 28Wed 30NovemberNov 03Tue 05Thu 07
3.30
3.63
BALI
FDVV

Dividends

BALI vs. FDVV - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 6.69%, more than FDVV's 2.72% yield.


TTM20232022202120202019201820172016
BALI
Blackrock Advantage Large Cap Income ETF
6.69%2.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FDVV
Fidelity High Dividend ETF
2.72%3.77%3.44%2.70%3.19%3.93%4.05%3.63%1.04%

Drawdowns

BALI vs. FDVV - Drawdown Comparison

The maximum BALI drawdown since its inception was -7.74%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for BALI and FDVV. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
BALI
FDVV

Volatility

BALI vs. FDVV - Volatility Comparison

Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.54% compared to Fidelity High Dividend ETF (FDVV) at 2.77%. This indicates that BALI'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.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
2.77%
BALI
FDVV