FDEV vs NUW

Comparison between FIDELITY INTERNATIONAL MULTIFACTOR ETF (FDEV, ETF) and Nuveen AMT-Free Municipal Value Fund (NUW, ETF).

5-Year PerformanceFDEV has outperformed NUW, delivering a return of +7.0% compared to +0.5%

FDEV vs NUW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDEV(ETF)	NUW(ETF)
Net Assets	$269M	$269M
Expense Ratio	0.18%	N/A
Max Drawdown	31.73%	35.85%
Sharpe Ratio	1.04	0.63
5Y Beta	0.52	0.13
5Y Dividends CAGR	12.95%	4.46%

Net Assets

FDEV

$269M

NUW

$269M

Expense Ratio

FDEV

0.18%

NUW

N/A

Max Drawdown

Winner

FDEV

31.73%

NUW

35.85%

Sharpe Ratio

Winner

FDEV

1.04

NUW

0.63

5Y Beta

FDEV

0.52

Winner

NUW

0.13

5Y Dividends CAGR

Winner

FDEV

12.95%

NUW

4.46%

FDEV vs NUW - Historical Returns

Returns include dividend reinvestment.

Period	FDEV	NUW
1 month	+0.33%	+2.86%
3 months	+1.80%	+0.53%
6 months	+6.33%	+2.05%
1 year	+15.31%	+9.33%
5 years(CAGR)	+7.04%	+0.49%
10 years(CAGR)	N/A	+1.34%
Max(CAGR)	+8.20%	+4.22%

FDEV

+0.33%

Winner

NUW

+2.86%

Winner

FDEV

+1.80%

NUW

+0.53%

Winner

FDEV

+6.33%

NUW

+2.05%

Winner

FDEV

+15.31%

NUW

+9.33%

5Y(CAGR)

Winner

FDEV

+7.04%

NUW

+0.49%

10Y(CAGR)

FDEV

N/A

NUW

+1.34%

Max(CAGR)

Winner

FDEV

+8.20%

NUW

+4.22%

FDEV vs NUW - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	FDEV	NUW
2026	+4.81%	+1.41%
2025	+30.59%	+9.41%
2024	+6.77%	+3.29%
2023	+13.09%	+2.95%
2022	-16.50%	-15.89%
2021	+10.36%	+5.31%
2020	+4.72%	+4.40%
2019	+10.06%	+12.76%
2018	N/A	-9.84%
2017	N/A	+11.83%
2016	N/A	-4.32%
2015	N/A	+6.71%
2014	N/A	+20.77%
2013	N/A	-11.59%
2012	N/A	+7.03%
2011	N/A	+19.47%
2010	N/A	+2.75%
2009	N/A	+9.28%

FDEV vs NUW Drawdown Comparison

The maximum drawdown for FDEV was -30.10%, occurring on Mar 23, 2020. Recovery took 218 trading sessions.

The maximum drawdown for NUW was -26.42%, occurring on Mar 18, 2020. Recovery took 468 trading sessions.

The current FDEV drawdown is -3.27%. The current NUW drawdown is -1.79%.

Rank	FDEV	NUW
#1	-30.10% Jan 17, 2020 - Nov 27, 2020	-26.42% Aug 21, 2019 - Jun 30, 2021
#2	-29.01% Sep 3, 2021 - Jul 12, 2024	-22.58% Aug 26, 2021 - Oct 25, 2023
#3	-9.82% Mar 19, 2025 - Apr 22, 2025	-21.56% Nov 26, 2012 - Dec 26, 2014
#4	-8.82% Sep 26, 2024 - Mar 5, 2025	-19.59% Dec 15, 2017 - Jul 9, 2019
#5	-8.44% Feb 27, 2026 - Mar 20, 2026	-17.70% Oct 6, 2010 - Oct 7, 2011
#6	-5.85% Jul 3, 2019 - Oct 28, 2019	-17.00% Aug 23, 2016 - Dec 14, 2017
#7	-5.44% Feb 16, 2021 - Apr 5, 2021	-10.55% Feb 28, 2012 - May 29, 2012
#8	-4.81% Jul 12, 2024 - Aug 16, 2024	-8.61% Jan 22, 2015 - Nov 2, 2015
#9	-3.89% Nov 12, 2025 - Nov 28, 2025	-6.02% Dec 28, 2015 - May 13, 2016
#10	-3.82% Jan 8, 2021 - Feb 12, 2021	-4.75% Jul 12, 2019 - Aug 21, 2019
#11	-3.59% Jul 23, 2025 - Aug 13, 2025	-4.68% Aug 6, 2012 - Sep 20, 2012
#12	-3.01% Jun 15, 2021 - Jul 28, 2021	-4.07% Nov 1, 2012 - Nov 20, 2012
#13	-2.90% May 7, 2021 - May 24, 2021	-3.99% Jul 1, 2016 - Jul 28, 2016
#14	-2.61% Sep 12, 2025 - Oct 27, 2025	-3.72% May 29, 2012 - Jul 16, 2012
#15	-2.48% Oct 27, 2025 - Nov 11, 2025	-3.47% Dec 4, 2015 - Dec 18, 2015

Correlation

Correlation between FDEV and NUW is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.61

-101

Dividend Comparison (2009 - 2026)

FDEV vs NUW dividend yield comparison.

Year	FDEV	NUW
2026	0.69%	2.04%
2025	2.86%	4.07%
2024	2.99%	3.89%
2023	2.80%	3.58%
2022	2.65%	3.44%
2021	2.81%	3.98%
2020	1.88%	2.85%
2019	2.73%	3.87%
2018	0.00%	5.34%
2017	0.00%	5.33%
2016	0.00%	4.72%
2015	0.00%	4.45%
2014	0.00%	4.62%
2013	0.00%	5.90%
2012	0.00%	4.28%
2011	0.00%	5.17%
2010	0.00%	6.00%
2009	0.00%	3.86%