NUDV vs. SPYD
Compare and contrast key facts about Nuveen ESG Dividend ETF (NUDV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
NUDV and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both NUDV and SPYD 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 SPYD.
Key characteristics
| NUDV | SPYD | |
|---|---|---|
| YTD Return | 16.02% | 19.00% |
| 1Y Return | 25.09% | 30.07% |
| Sharpe Ratio | 1.99 | 1.99 |
| Daily Std Dev | 12.40% | 14.98% |
| Max Drawdown | -20.10% | -46.42% |
| Current Drawdown | -0.10% | -0.35% |
Correlation
The correlation between NUDV and SPYD is 0.91, 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.
Performance
NUDV vs. SPYD - Performance Comparison
In the year-to-date period, NUDV achieves a 16.02% return, which is significantly lower than SPYD's 19.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NUDV vs. SPYD - Expense Ratio Comparison
NUDV has a 0.26% expense ratio, which is higher than SPYD's 0.07% 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%.
Risk-Adjusted Performance
NUDV vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
Dividends
NUDV vs. SPYD - Dividend Comparison
NUDV's dividend yield for the trailing twelve months is around 2.59%, less than SPYD's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUDV Nuveen ESG Dividend ETF | 2.59% | 2.48% | 2.96% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 3.05% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% |
Drawdowns
NUDV vs. SPYD - Drawdown Comparison
The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for NUDV and SPYD. For additional features, visit the drawdowns tool.
Volatility
NUDV vs. SPYD - Volatility Comparison
Nuveen ESG Dividend ETF (NUDV) has a higher volatility of 3.06% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 2.60%. This indicates that NUDV's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.