NUW vs FDEV

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

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

NUW vs FDEV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

NUW

$269M

FDEV

$269M

Expense Ratio

NUW

N/A

FDEV

0.18%

Max Drawdown

NUW

35.85%

Winner

FDEV

31.73%

Sharpe Ratio

NUW

0.63

Winner

FDEV

1.04

5Y Beta

Winner

NUW

0.13

FDEV

0.52

5Y Dividends CAGR

NUW

4.46%

Winner

FDEV

12.95%

NUW vs FDEV - Historical Returns

Returns include dividend reinvestment.

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

Winner

NUW

+2.86%

FDEV

+0.33%

NUW

+0.53%

Winner

FDEV

+1.80%

NUW

+2.05%

Winner

FDEV

+6.33%

NUW

+9.33%

Winner

FDEV

+15.31%

5Y(CAGR)

NUW

+0.49%

Winner

FDEV

+7.04%

10Y(CAGR)

NUW

+1.34%

FDEV

N/A

Max(CAGR)

NUW

+4.22%

Winner

FDEV

+8.20%

NUW vs FDEV - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

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

NUW vs FDEV Drawdown Comparison

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

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

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

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

Correlation

Correlation between NUW and FDEV 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)

NUW vs FDEV dividend yield comparison.

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