Correlation
The correlation between NUDV and PEY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
NUDV vs. PEY
Compare and contrast key facts about Nuveen ESG Dividend ETF (NUDV) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
NUDV and PEY 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. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004. Both NUDV and PEY 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 PEY.
Performance
NUDV vs. PEY - Performance Comparison
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Key characteristics
NUDV:
0.95
PEY:
0.40
NUDV:
1.39
PEY:
0.70
NUDV:
1.19
PEY:
1.09
NUDV:
1.01
PEY:
0.41
NUDV:
3.95
PEY:
1.21
NUDV:
3.81%
PEY:
6.03%
NUDV:
16.31%
PEY:
17.78%
NUDV:
-20.10%
PEY:
-72.82%
NUDV:
-3.85%
PEY:
-10.24%
Returns By Period
In the year-to-date period, NUDV achieves a 1.76% return, which is significantly higher than PEY's -2.94% return.
NUDV
1.76%
3.50%
-2.04%
15.46%
8.83%
N/A
N/A
PEY
-2.94%
2.59%
-9.89%
6.98%
1.70%
11.99%
8.70%
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NUDV vs. PEY - Expense Ratio Comparison
NUDV has a 0.26% expense ratio, which is lower than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
NUDV vs. PEY — Risk-Adjusted Performance Rank
NUDV
PEY
NUDV vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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. PEY - Dividend Comparison
NUDV's dividend yield for the trailing twelve months is around 9.40%, more than PEY's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.64% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% |
Drawdowns
NUDV vs. PEY - Drawdown Comparison
The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for NUDV and PEY.
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Volatility
NUDV vs. PEY - Volatility Comparison
The current volatility for Nuveen ESG Dividend ETF (NUDV) is 4.76%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.41%. This indicates that NUDV experiences smaller price fluctuations and is considered to be less risky than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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