NUDV vs. FITLX

Last updated Jun 24, 2026

NUDV (Nuveen ESG Dividend ETF) and FITLX (Fidelity U.S. Sustainability Index Fund) are both funds - NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index, while FITLX is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders Index. Both are passively managed. Over the past 3 years, NUDV returned 15.78%/yr vs 21.42%/yr for FITLX. A 0.74 correlation means they provide meaningful diversification when combined. NUDV charges 0.26%/yr vs 0.11%/yr for FITLX.

Performance

NUDV vs. FITLX - Performance Comparison

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

Returns By Period

In the year-to-date period, NUDV achieves a 10.55% return, which is significantly higher than FITLX's 8.80% return.

NUDV

• 1D: 0.49%
• 1M: 0.65%
• YTD: 10.55%
• 6M: 9.98%
• 1Y: 19.54%
• 3Y*: 15.78%
• 5Y*: —
• 10Y*: —

FITLX

• 1D: -0.54%
• 1M: -0.09%
• YTD: 8.80%
• 6M: 7.56%
• 1Y: 26.05%
• 3Y*: 21.42%
• 5Y*: 13.51%
• 10Y*: —

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

NUDV vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUDV Nuveen ESG Dividend ETF	10.55%	10.77%	14.02%	10.13%	-7.83%	8.35%
FITLX Fidelity U.S. Sustainability Index Fund	8.80%	18.77%	23.59%	29.04%	-20.28%	8.33%

Correlation

The correlation between NUDV and FITLX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.74

Over the past year, the correlation between NUDV and FITLX has dropped to 0.49 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

NUDV vs. FITLX — 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: 64
NUDV Omega Ratio Rank: 57
NUDV Calmar Ratio Rank: 64
NUDV Martin Ratio Rank: 64

FITLX

FITLX Risk / Return Rank: 53
FITLX Sharpe Ratio Rank: 58
FITLX Sortino Ratio Rank: 54
FITLX Omega Ratio Rank: 54
FITLX Calmar Ratio Rank: 46
FITLX Martin Ratio Rank: 56

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. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and Fidelity U.S. Sustainability Index Fund (FITLX). 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	FITLX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.07	-0.18
Sortino ratio: Return per unit of downside risk	2.75	2.84	-0.09
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	2.98	2.48	+0.50
Martin ratio: Return relative to average drawdown	10.57	10.60	-0.03

NUDV vs. FITLX - Sharpe Ratio Comparison

The current NUDV Sharpe Ratio is 1.89, which is comparable to the FITLX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of NUDV and FITLX, 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. FITLX - Drawdown Comparison

The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for NUDV and FITLX.

Drawdown Indicators

	NUDV	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-34.35%	+14.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-11.15%	+4.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-19.99%	+3.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.91%	—
Current Drawdown Current decline from peak	-0.84%	-1.95%	+1.11%
Average Drawdown Average peak-to-trough decline	-4.87%	-5.05%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.60%	-0.75%

Volatility

NUDV vs. FITLX - Volatility Comparison

The current volatility for Nuveen ESG Dividend ETF (NUDV) is 3.13%, while Fidelity U.S. Sustainability Index Fund (FITLX) has a volatility of 5.00%. This indicates that NUDV experiences smaller price fluctuations and is considered to be less risky than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUDV	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	5.00%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	10.67%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.44%	13.38%	-2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	17.68%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	19.11%	-4.18%

NUDV vs. FITLX - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is higher than FITLX's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NUDV vs. FITLX - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.26%, more than FITLX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FITLX Fidelity U.S. Sustainability Index Fund	1.02%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%
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%

Frequently Asked Questions

Can I hold both NUDV and FITLX in my portfolio?

NUDV and FITLX have a correlation of 0.49, 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 FITLX?

FITLX has higher volatility (5.00%) compared to NUDV (3.13%). In terms of maximum drawdown, NUDV dropped -20.10% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

FITLX currently has the higher Sharpe Ratio (2.07 vs 1.89), 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.