Correlation
The correlation between NUDV and FDVV is 0.81, 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.
NUDV vs. FDVV
Compare and contrast key facts about Nuveen ESG Dividend ETF (NUDV) and Fidelity High Dividend ETF (FDVV).
NUDV and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUDV is a passively managed fund by Nuveen that tracks the performance of the Nuveen ESG USA High Dividend Yield Index. It was launched on Sep 27, 2021. 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. Both NUDV and FDVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUDV or FDVV.
Performance
NUDV vs. FDVV - Performance Comparison
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Key characteristics
NUDV:
0.95
FDVV:
0.73
NUDV:
1.39
FDVV:
1.04
NUDV:
1.19
FDVV:
1.15
NUDV:
1.01
FDVV:
0.70
NUDV:
3.95
FDVV:
2.91
NUDV:
3.81%
FDVV:
3.80%
NUDV:
16.31%
FDVV:
16.22%
NUDV:
-20.10%
FDVV:
-40.25%
NUDV:
-3.85%
FDVV:
-3.11%
Returns By Period
In the year-to-date period, NUDV achieves a 1.76% return, which is significantly higher than FDVV's 1.43% return.
NUDV
1.76%
3.50%
-2.04%
15.46%
8.83%
N/A
N/A
FDVV
1.43%
4.69%
-2.82%
11.78%
11.54%
17.37%
N/A
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NUDV vs. FDVV - Expense Ratio Comparison
NUDV has a 0.26% expense ratio, which is lower than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
NUDV vs. FDVV — Risk-Adjusted Performance Rank
NUDV
FDVV
NUDV vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) 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
NUDV vs. FDVV - Dividend Comparison
NUDV's dividend yield for the trailing twelve months is around 9.40%, more than FDVV's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUDV Nuveen ESG Dividend ETF | 9.40% | 9.89% | 2.48% | 2.96% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
NUDV vs. FDVV - Drawdown Comparison
The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for NUDV and FDVV.
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Volatility
NUDV vs. FDVV - Volatility Comparison
Nuveen ESG Dividend ETF (NUDV) has a higher volatility of 4.76% compared to Fidelity High Dividend ETF (FDVV) at 3.85%. This indicates that NUDV'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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