FDVV vs. EARN
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Ellington Residential Mortgage REIT (EARN).
FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDVV or EARN.
Key characteristics
| FDVV | EARN | |
|---|---|---|
| YTD Return | 24.86% | 17.10% |
| 1Y Return | 34.68% | 21.95% |
| 3Y Return (Ann) | 12.91% | -6.99% |
| 5Y Return (Ann) | 14.40% | 2.09% |
| Sharpe Ratio | 3.61 | 1.41 |
| Sortino Ratio | 4.94 | 2.04 |
| Omega Ratio | 1.68 | 1.28 |
| Calmar Ratio | 7.41 | 0.75 |
| Martin Ratio | 31.36 | 10.00 |
| Ulcer Index | 1.19% | 3.15% |
| Daily Std Dev | 10.37% | 22.31% |
| Max Drawdown | -40.25% | -66.44% |
| Current Drawdown | -0.77% | -26.29% |
Correlation
The correlation between FDVV and EARN is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDVV vs. EARN - Performance Comparison
In the year-to-date period, FDVV achieves a 24.86% return, which is significantly higher than EARN's 17.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FDVV vs. EARN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Ellington Residential Mortgage REIT (EARN). 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.
Dividends
FDVV vs. EARN - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.73%, less than EARN's 15.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.73% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
EARN Ellington Residential Mortgage REIT | 15.07% | 15.66% | 15.16% | 11.36% | 8.59% | 10.88% | 14.17% | 13.04% | 12.68% | 16.19% | 13.52% | 7.41% |
Drawdowns
FDVV vs. EARN - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum EARN drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for FDVV and EARN. For additional features, visit the drawdowns tool.
Volatility
FDVV vs. EARN - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 2.63%, while Ellington Residential Mortgage REIT (EARN) has a volatility of 6.54%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than EARN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.