Correlation
The correlation between YLDE and FDVV is 0.68, 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.
YLDE vs. FDVV
Compare and contrast key facts about ClearBridge Dividend Strategy ESG ETF (YLDE) and Fidelity High Dividend ETF (FDVV).
YLDE and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YLDE is an actively managed fund by Franklin Templeton. It was launched on May 22, 2017. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YLDE or FDVV.
Performance
YLDE vs. FDVV - Performance Comparison
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Key characteristics
YLDE:
1.04
FDVV:
0.73
YLDE:
1.42
FDVV:
1.04
YLDE:
1.21
FDVV:
1.15
YLDE:
1.25
FDVV:
0.70
YLDE:
5.05
FDVV:
2.91
YLDE:
2.83%
FDVV:
3.80%
YLDE:
14.36%
FDVV:
16.22%
YLDE:
-33.23%
FDVV:
-40.25%
YLDE:
-1.85%
FDVV:
-3.11%
Returns By Period
In the year-to-date period, YLDE achieves a 2.73% return, which is significantly higher than FDVV's 1.43% return.
YLDE
2.73%
1.75%
-1.85%
14.83%
10.66%
13.38%
N/A
FDVV
1.43%
4.69%
-2.82%
11.78%
11.54%
17.37%
N/A
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YLDE vs. FDVV - Expense Ratio Comparison
YLDE has a 0.60% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
YLDE vs. FDVV — Risk-Adjusted Performance Rank
YLDE
FDVV
YLDE vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) 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.
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Dividends
YLDE vs. FDVV - Dividend Comparison
YLDE's dividend yield for the trailing twelve months is around 2.17%, less than FDVV's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 2.17% | 1.69% | 1.64% | 1.68% | 1.15% | 1.46% | 1.65% | 2.25% | 1.31% | 0.00% |
FDVV Fidelity High Dividend ETF | 3.02% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
YLDE vs. FDVV - Drawdown Comparison
The maximum YLDE drawdown since its inception was -33.23%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for YLDE and FDVV.
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Volatility
YLDE vs. FDVV - Volatility Comparison
ClearBridge Dividend Strategy ESG ETF (YLDE) and Fidelity High Dividend ETF (FDVV) have volatilities of 3.75% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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