YLDE vs. FDVV
YLDE (ClearBridge Dividend Strategy ESG ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - YLDE is a Dividend fund actively managed by Franklin Templeton, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. YLDE is actively managed, while FDVV is passively managed. Over the past 5 years, YLDE returned 10.45%/yr vs 14.17%/yr for FDVV. Their 0.71 correlation means they have sometimes moved together and sometimes differently. YLDE charges 0.60%/yr vs 0.29%/yr for FDVV.
Performance
YLDE vs. FDVV - Performance Comparison
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Returns By Period
In the year-to-date period, YLDE achieves a 9.35% return, which is significantly lower than FDVV's 12.19% return.
YLDE
- 1D
- 0.07%
- 1M
- 1.44%
- 6M
- 6.07%
- YTD
- 9.35%
- 1Y
- 18.10%
- 3Y*
- 14.32%
- 5Y*
- 10.45%
- 10Y*
- —
- ALL TIME*
- 12.09%
FDVV
- 1D
- -0.35%
- 1M
- 2.09%
- 6M
- 9.39%
- YTD
- 12.19%
- 1Y
- 21.53%
- 3Y*
- 18.35%
- 5Y*
- 14.17%
- 10Y*
- —
- ALL TIME*
- 13.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.25M | $48.28M | $45.73M | |
| $703.80K | $730.06K | $767.23K |
YLDE vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 9.35% | 13.09% | 16.44% | 15.69% | -8.56% | 22.12% | 10.35% | 32.46% | -5.74% | 11.35% |
FDVV Fidelity High Dividend ETF | 12.19% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 11.08% |
Correlation
The correlation between YLDE and FDVV is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 23, 2017 | 0.71 |
The correlation between YLDE and FDVV shifts across timeframes, from 0.71 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
YLDE vs. FDVV — Risk / Return Rank
YLDE
FDVV
YLDE vs. FDVV - Risk-Adjusted Trends 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.
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.
| YLDE | FDVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.21 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.45 | 9.10 | -0.65 |
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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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Drawdown Indicators
| YLDE | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -40.25% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -9.30% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -11.42% | -15.90% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -20.18% | -0.04% |
Current DrawdownCurrent decline from peak | -0.90% | -1.12% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -3.76% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.26% | -0.19% |
Volatility
YLDE vs. FDVV - Volatility Comparison
ClearBridge Dividend Strategy ESG ETF (YLDE) has a higher volatility of 3.36% compared to Fidelity High Dividend ETF (FDVV) at 3.04%. This indicates that YLDE's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YLDE | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.04% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 8.35% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 10.37% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 14.68% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 16.91% | -1.23% |
YLDE vs. FDVV - Expense Ratio Comparison
YLDE has a 0.60% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Dividends
YLDE vs. FDVV - Dividend Comparison
YLDE's dividend yield for the trailing twelve months is around 6.39%, more than FDVV's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.76% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% |
YLDE ClearBridge Dividend Strategy ESG ETF | 5.93% | 5.68% | 1.69% | 1.64% | 1.68% | 1.15% | 1.46% | 1.65% | 2.25% | 1.31% | 0.00% |
Frequently Asked Questions
YLDE and FDVV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YLDE has higher volatility (3.36%) compared to FDVV (3.04%). In terms of maximum drawdown, YLDE dropped -33.23% vs FDVV's -40.25%.
On 5-year performance, FDVV leads with 14.17% vs 10.45% for YLDE. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FDVV has performed better with a 14.17% return vs 10.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDVV is cheaper with a 0.29% expense ratio, compared with 0.60% for YLDE.
YLDE has the higher dividend yield at 5.93%, compared with 2.76% for FDVV.
YLDE is categorized as Dividend, while FDVV is Large Cap Blend Equities. They also come from different issuers: Franklin Templeton and Fidelity. Their fees differ too: 0.60% for YLDE and 0.29% for FDVV.
FDVV currently has the higher Sharpe Ratio (1.99 vs 1.84), 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.
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