Correlation
The correlation between GDGIX and FDVV is 0.88, 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.
GDGIX vs. FDVV
Compare and contrast key facts about Sit Global Dividend Growth Fund (GDGIX) and Fidelity High Dividend ETF (FDVV).
GDGIX is managed by Sit. It was launched on Sep 29, 2008. 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: GDGIX or FDVV.
Performance
GDGIX vs. FDVV - Performance Comparison
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Key characteristics
GDGIX:
0.70
FDVV:
0.76
GDGIX:
0.96
FDVV:
1.08
GDGIX:
1.14
FDVV:
1.16
GDGIX:
0.67
FDVV:
0.72
GDGIX:
2.78
FDVV:
3.03
GDGIX:
3.69%
FDVV:
3.80%
GDGIX:
16.92%
FDVV:
16.25%
GDGIX:
-33.91%
FDVV:
-40.25%
GDGIX:
-1.02%
FDVV:
-3.04%
Returns By Period
In the year-to-date period, GDGIX achieves a 3.81% return, which is significantly higher than FDVV's 1.51% return.
GDGIX
3.81%
5.13%
1.87%
11.76%
11.55%
12.85%
8.20%
FDVV
1.51%
4.51%
-2.26%
12.18%
11.27%
17.39%
N/A
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GDGIX vs. FDVV - Expense Ratio Comparison
GDGIX has a 1.00% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
GDGIX vs. FDVV — Risk-Adjusted Performance Rank
GDGIX
FDVV
GDGIX vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sit Global Dividend Growth Fund (GDGIX) 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.
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Dividends
GDGIX vs. FDVV - Dividend Comparison
GDGIX's dividend yield for the trailing twelve months is around 2.36%, less than FDVV's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDGIX Sit Global Dividend Growth Fund | 2.36% | 2.47% | 1.03% | 1.11% | 0.69% | 1.04% | 1.59% | 1.93% | 1.51% | 2.12% | 9.45% | 8.76% |
FDVV Fidelity High Dividend ETF | 3.02% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% |
Drawdowns
GDGIX vs. FDVV - Drawdown Comparison
The maximum GDGIX drawdown since its inception was -33.91%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for GDGIX and FDVV.
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Volatility
GDGIX vs. FDVV - Volatility Comparison
The current volatility for Sit Global Dividend Growth Fund (GDGIX) is 3.39%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.87%. This indicates that GDGIX experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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