FELV vs NEA
Comparison between FIDELITY ENHANCED LARGE CAP VALUE ETF (FELV, ETF) and Nuveen AMT-Free Quality Municipal Income Fund (NEA, ETF).
FELV vs NEA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FELV
$3.30B
Winner
NEA
$3.40B
Expense Ratio
FELV
0.18%
NEA
N/A
Max Drawdown
Winner
FELV
16.87%
NEA
48.25%
Sharpe Ratio
Winner
FELV
2.28
NEA
0.71
5Y Beta
FELV
0.75
Winner
NEA
0.24
P/E Ratio
FELV
20.98
NEA
N/A
Forward P/E
FELV
18.33
NEA
N/A
PEG Ratio
FELV
0.21
NEA
N/A
5Y Dividends CAGR
FELV
N/A
NEA
4.89%
5Y EPS CAGR
FELV
17.10%
NEA
N/A
Debt to Equity
FELV
126.87%
NEA
N/A
P/S Ratio
FELV
2.39
NEA
N/A
P/B Ratio
FELV
3.38
NEA
N/A
FELV vs NEA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FELV
+3.87%
NEA
-0.29%
3M
Winner
FELV
+11.10%
NEA
+1.06%
6M
Winner
FELV
+17.30%
NEA
-1.24%
1Y
Winner
FELV
+33.34%
NEA
+11.59%
5Y(CAGR)
FELV
N/A
NEA
-0.94%
10Y(CAGR)
FELV
N/A
NEA
+2.57%
Max(CAGR)
Winner
FELV
+23.50%
NEA
+4.47%
FELV vs NEA - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | FELV | NEA |
|---|---|---|
| 2026 | +23.21% | +0.94% |
| 2025 | +16.15% | +10.42% |
| 2024 | +15.69% | +9.00% |
| 2023 | +7.19% | -0.58% |
| 2022 | N/A | -23.00% |
| 2021 | N/A | +8.45% |
| 2020 | N/A | +10.47% |
| 2019 | N/A | +20.56% |
| 2018 | N/A | -5.87% |
| 2017 | N/A | +9.35% |
| 2016 | N/A | +1.99% |
| 2015 | N/A | +6.25% |
| 2014 | N/A | +21.40% |
| 2013 | N/A | -16.42% |
| 2012 | N/A | +6.78% |
| 2011 | N/A | +17.35% |
| 2010 | N/A | +1.80% |
| 2009 | N/A | +34.36% |
| 2008 | N/A | -24.81% |
| 2007 | N/A | +5.52% |
| 2006 | N/A | +11.55% |
| 2005 | N/A | +4.15% |
| 2004 | N/A | -4.83% |
| 2003 | N/A | +8.59% |
| 2002 | N/A | +0.07% |
FELV vs NEA Drawdown Comparison
The maximum drawdown for FELV was -16.09%, occurring on Apr 8, 2025. Recovery took 174 trading sessions.
The maximum drawdown for NEA was -43.81%, occurring on Oct 10, 2008. Recovery took 405 trading sessions.
The current FELV drawdown is -0.86%. The current NEA drawdown is -5.98%.
| Rank | FELV | NEA |
|---|---|---|
| #1 | -16.09% Nov 29, 2024 - Aug 13, 2025 | -43.81% Feb 12, 2008 - Sep 21, 2009 |
| #2 | -6.85% Feb 27, 2026 - Apr 14, 2026 | -36.56% Sep 15, 2021 - Oct 23, 2023 |
| #3 | -5.34% Mar 28, 2024 - Jul 12, 2024 | -25.03% Mar 6, 2020 - Aug 10, 2020 |
| #4 | -5.15% Jul 31, 2024 - Aug 19, 2024 | -23.18% Nov 30, 2012 - Jan 7, 2015 |
| #5 | -4.23% Nov 12, 2025 - Nov 28, 2025 | -18.08% Sep 10, 2010 - Dec 2, 2011 |
| #6 | -3.39% Aug 30, 2024 - Sep 19, 2024 | -16.44% Mar 5, 2004 - Jun 29, 2005 |
| #7 | -2.88% Oct 3, 2025 - Oct 21, 2025 | -12.37% Jul 8, 2016 - Mar 7, 2019 |
| #8 | -2.67% Oct 16, 2024 - Nov 6, 2024 | -12.29% Feb 12, 2007 - Jan 15, 2008 |
| #9 | -2.59% Jun 4, 2026 - Jun 12, 2026 | -10.90% Jul 28, 2005 - Jul 12, 2006 |
| #10 | -2.13% Nov 11, 2024 - Nov 22, 2024 | -10.61% Jul 14, 2003 - Dec 31, 2003 |
| #11 | -2.11% Jul 17, 2024 - Jul 31, 2024 | -9.23% Feb 2, 2015 - Dec 24, 2015 |
| #12 | -1.91% Jan 8, 2024 - Jan 25, 2024 | -9.15% Oct 7, 2009 - Feb 2, 2010 |
| #13 | -1.89% Oct 27, 2025 - Nov 11, 2025 | -6.54% Mar 12, 2012 - May 16, 2012 |
| #14 | -1.61% Dec 19, 2023 - Dec 26, 2023 | -4.92% Jan 27, 2021 - Apr 13, 2021 |
| #15 | -1.54% Dec 11, 2025 - Dec 24, 2025 | -4.73% Nov 30, 2006 - Feb 12, 2007 |
Correlation
Correlation between FELV and NEA is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2003 - 2026)
FELV vs NEA dividend yield comparison.
| Year | FELV | NEA |
|---|---|---|
| 2026 | 0.71% | 4.85% |
| 2025 | 1.67% | 7.36% |
| 2024 | 2.02% | 6.63% |
| 2023 | 0.04% | 3.95% |
| 2022 | 0.00% | 5.49% |
| 2021 | 0.00% | 4.50% |
| 2020 | 0.00% | 4.45% |
| 2019 | 0.00% | 4.46% |
| 2018 | 0.00% | 5.40% |
| 2017 | 0.00% | 5.33% |
| 2016 | 0.00% | 5.70% |
| 2015 | 0.00% | 5.71% |
| 2014 | 0.00% | 5.95% |
| 2013 | 0.00% | 6.24% |
| 2012 | 0.00% | 5.65% |
| 2011 | 0.00% | 5.64% |
| 2010 | 0.00% | 6.09% |
| 2009 | 0.00% | 5.37% |
| 2008 | 0.00% | 6.81% |
| 2007 | 0.00% | 4.93% |
| 2006 | 0.00% | 5.10% |
| 2005 | 0.00% | 5.93% |
| 2004 | 0.00% | 6.81% |
| 2003 | 0.00% | 6.11% |
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