NUDV vs. DHLX

Last updated Jun 25, 2026

NUDV (Nuveen ESG Dividend ETF) and DHLX (Diamond Hill Large Cap Concentrated ETF) are both Large Cap Value Equities funds - NUDV tracks the Nuveen ESG USA High Dividend Yield Index while DHLX tracks the Actively Managed. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. NUDV charges 0.26%/yr vs 0.55%/yr for DHLX.

Performance

NUDV vs. DHLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Dividend ETF (NUDV) and Diamond Hill Large Cap Concentrated ETF (DHLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUDV achieves a 10.57% return, which is significantly higher than DHLX's -1.42% return.

NUDV

• 1D: 0.01%
• 1M: 0.66%
• YTD: 10.57%
• 6M: 9.45%
• 1Y: 18.55%
• 3Y*: 15.78%
• 5Y*: —
• 10Y*: —

DHLX

• 1D: 0.14%
• 1M: -1.30%
• YTD: -1.42%
• 6M: -2.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NUDV vs. DHLX - Yearly Performance Comparison

	2026 (YTD)	2025
NUDV Nuveen ESG Dividend ETF	10.57%	3.78%
DHLX Diamond Hill Large Cap Concentrated ETF	-1.42%	1.22%

Correlation

The correlation between NUDV and DHLX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.81

Return for Risk

NUDV vs. DHLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUDV

NUDV Risk / Return Rank: 62
NUDV Sharpe Ratio Rank: 61
NUDV Sortino Ratio Rank: 65
NUDV Omega Ratio Rank: 57
NUDV Calmar Ratio Rank: 65
NUDV Martin Ratio Rank: 63

DHLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUDV vs. DHLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and Diamond Hill Large Cap Concentrated ETF (DHLX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NUDV	DHLX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.82	—	—
Martin ratio: Return relative to average drawdown	10.03	—	—

Drawdowns

NUDV vs. DHLX - Drawdown Comparison

The maximum NUDV drawdown since its inception was -20.10%, which is greater than DHLX's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for NUDV and DHLX.

Drawdown Indicators

	NUDV	DHLX	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-8.40%	-11.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	—	—
Current Drawdown Current decline from peak	-0.83%	-5.28%	+4.45%
Average Drawdown Average peak-to-trough decline	-4.87%	-2.58%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	NUDV	DHLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	11.28%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	11.28%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	11.28%	+3.65%

NUDV vs. DHLX - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is lower than DHLX's 0.55% expense ratio.

Dividends

NUDV vs. DHLX - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.26%, more than DHLX's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021
DHLX Diamond Hill Large Cap Concentrated ETF	0.41%	0.15%	0.00%	0.00%	0.00%	0.00%
NUDV Nuveen ESG Dividend ETF	2.26%	2.36%	6.18%	2.48%	2.96%	0.60%

Frequently Asked Questions

Can I hold both NUDV and DHLX in my portfolio?

NUDV and DHLX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUDV or DHLX?

On fees, NUDV is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUDV or DHLX?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.55% for DHLX.

Which ETF pays a higher dividend yield, NUDV or DHLX?

NUDV has the higher dividend yield at 2.26%, compared with 0.41% for DHLX.

What is the main difference between NUDV and DHLX?

NUDV tracks Nuveen ESG USA High Dividend Yield Index, while DHLX tracks Actively Managed. They also come from different issuers: Nuveen and Diamond Hill. Their fees differ too: 0.26% for NUDV and 0.55% for DHLX.