NUDV vs. FDVV

Last updated Aug 2, 2026

NUDV (Nuveen ESG Dividend ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 3 years, NUDV returned 14.23%/yr vs 18.35%/yr for FDVV. Their correlation of 0.88 means they have usually moved in the same direction. NUDV charges 0.26%/yr vs 0.29%/yr for FDVV.

Performance

NUDV vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Dividend ETF (NUDV) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUDV achieves a 13.60% return, which is significantly higher than FDVV's 12.19% return.

NUDV

• 1D: -0.11%
• 1M: 1.31%
• 6M: 8.66%
• YTD: 13.60%
• 1Y: 23.02%
• 3Y*: 14.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.89%

FDVV

• 1D: -0.35%
• 1M: 2.09%
• 6M: 9.39%
• YTD: 12.19%
• 1Y: 21.53%
• 3Y*: 18.35%
• 5Y*: 14.17%
• 10Y*: —
• ALL TIME*: 13.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDVV Fidelity High Dividend ETF	$48.25M	$48.28M	$45.73M
NUDV Nuveen ESG Dividend ETF	$309.43K	$235.58K	$178.17K

NUDV vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUDV Nuveen ESG Dividend ETF	13.60%	10.77%	14.02%	10.13%	-7.83%	8.35%
FDVV Fidelity High Dividend ETF	12.19%	17.08%	21.81%	18.00%	-4.21%	6.83%

Correlation

The correlation between NUDV and FDVV is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.88

The correlation between NUDV and FDVV shifts across timeframes, from 0.73 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

NUDV vs. FDVV - Sectors Allocation Comparison

Sectors	NUDV	FDVV
Financial Services	23.4%	18.5%
Healthcare	13.7%	3.3%
Technology	13.3%	28.1%
Industrials	12.2%	3.2%
Consumer Defensive	10.3%	11.0%
Utilities	6.6%	9.1%
Consumer Cyclical	5.7%	13.4%
Real Estate	4.5%	10.0%
Basic Materials	4.2%	-
Communication Services	3.4%	3.4%
Energy	2.6%	-

Return for Risk

NUDV vs. FDVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUDV

NUDV Risk / Return Rank: 87
NUDV Sharpe Ratio Rank: 88
NUDV Sortino Ratio Rank: 89
NUDV Omega Ratio Rank: 85
NUDV Calmar Ratio Rank: 86
NUDV Martin Ratio Rank: 86

FDVV

FDVV Risk / Return Rank: 78
FDVV Sharpe Ratio Rank: 85
FDVV Sortino Ratio Rank: 84
FDVV Omega Ratio Rank: 84
FDVV Calmar Ratio Rank: 64
FDVV Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUDV vs. FDVV - Risk-Adjusted Trends 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.

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	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.99	+0.13
Sortino ratio: Return per unit of downside risk	3.10	2.77	+0.33
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	3.34	2.21	+1.13
Martin ratio: Return relative to average drawdown	12.23	9.10	+3.13

NUDV vs. FDVV - Sharpe Ratio Comparison

The current NUDV Sharpe Ratio is 2.12, which is comparable to the FDVV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of NUDV and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	NUDV	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-40.25%	+20.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-9.30%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-15.90%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-1.71%	-1.12%	-0.59%
Average Drawdown Average peak-to-trough decline	-4.78%	-3.76%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	2.26%	-0.46%

Volatility

NUDV vs. FDVV - Volatility Comparison

Nuveen ESG Dividend ETF (NUDV) has a higher volatility of 3.29% compared to Fidelity High Dividend ETF (FDVV) at 3.04%. 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.

Volatility by Period

	NUDV	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.04%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	8.35%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	10.37%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	14.68%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	16.91%	-2.07%

NUDV vs. FDVV - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is lower than FDVV's 0.29% expense ratio.

Dividends

NUDV vs. FDVV - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.26%, less than FDVV's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDVV Fidelity High Dividend ETF	2.76%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%
NUDV Nuveen ESG Dividend ETF	2.26%	2.36%	6.18%	2.48%	2.96%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUDV and FDVV in my portfolio?

NUDV and FDVV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUDV or FDVV?

NUDV has higher volatility (3.29%) compared to FDVV (3.04%). In terms of maximum drawdown, NUDV dropped -20.10% vs FDVV's -40.25%.

Which ETF is better, NUDV or FDVV?

On 3-year performance, FDVV leads with 18.35% vs 14.23% for NUDV. On fees, NUDV is cheaper at 0.26% per year. On volatility, FDVV has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUDV or FDVV?

Over the 3-year period, FDVV has performed better with a 18.35% return vs 14.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUDV or FDVV?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.29% for FDVV.

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

FDVV has the higher dividend yield at 2.76%, compared with 2.26% for NUDV.

What is the main difference between NUDV and FDVV?

NUDV is categorized as Large Cap Value Equities, while FDVV is Large Cap Blend Equities. NUDV tracks Nuveen ESG USA High Dividend Yield Index, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: Nuveen and Fidelity. Their fees differ too: 0.26% for NUDV and 0.29% for FDVV.

Which has better risk-adjusted returns?

NUDV currently has the higher Sharpe Ratio (2.12 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.