Correlation
The correlation between NUDV and XMHQ 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. XMHQ
Compare and contrast key facts about Nuveen ESG Dividend ETF (NUDV) and Invesco S&P MidCap Quality ETF (XMHQ).
NUDV and XMHQ 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. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. Both NUDV and XMHQ 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 XMHQ.
Performance
NUDV vs. XMHQ - Performance Comparison
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Key characteristics
NUDV:
0.95
XMHQ:
-0.11
NUDV:
1.39
XMHQ:
-0.05
NUDV:
1.19
XMHQ:
0.99
NUDV:
1.01
XMHQ:
-0.14
NUDV:
3.95
XMHQ:
-0.38
NUDV:
3.81%
XMHQ:
8.92%
NUDV:
16.31%
XMHQ:
22.95%
NUDV:
-20.10%
XMHQ:
-58.19%
NUDV:
-3.85%
XMHQ:
-10.67%
Returns By Period
In the year-to-date period, NUDV achieves a 1.76% return, which is significantly higher than XMHQ's -0.99% return.
NUDV
1.76%
3.50%
-2.04%
15.46%
8.83%
N/A
N/A
XMHQ
-0.99%
5.35%
-9.67%
-2.52%
14.11%
15.79%
10.94%
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NUDV vs. XMHQ - Expense Ratio Comparison
NUDV has a 0.26% expense ratio, which is higher than XMHQ's 0.25% 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. XMHQ — Risk-Adjusted Performance Rank
NUDV
XMHQ
NUDV vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) and Invesco S&P MidCap Quality ETF (XMHQ). 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. XMHQ - Dividend Comparison
NUDV's dividend yield for the trailing twelve months is around 9.40%, more than XMHQ's 5.25% 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% |
XMHQ Invesco S&P MidCap Quality ETF | 5.25% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% |
Drawdowns
NUDV vs. XMHQ - Drawdown Comparison
The maximum NUDV drawdown since its inception was -20.10%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for NUDV and XMHQ.
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Volatility
NUDV vs. XMHQ - Volatility Comparison
The current volatility for Nuveen ESG Dividend ETF (NUDV) is 4.76%, while Invesco S&P MidCap Quality ETF (XMHQ) has a volatility of 5.83%. This indicates that NUDV experiences smaller price fluctuations and is considered to be less risky than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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