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Fidelity Low Volatility Factor ETF (FDLO) Sharpe Ratio: 1.70

ETF · Currency in USD · Last updated Aug 2, 2026

Fidelity Low Volatility Factor ETF seeks to provide broad U.S. equity exposure with lower volatility through a factor-based strategy.

FDLO's Sharpe Ratio of 1.70 indicates that for each unit of volatility, it generates 1.70 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FDLO Sharpe Ratio Rank

FDLO Sharpe Ratio Rank: 74.875
Above Average

FDLO ranks above 74.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

FDLO Sharpe Ratio Market Positioning

The chart shows FDLO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.56 or lower
  • Yellow zone (middle 50%): 0.56 to 1.73
  • Green zone (top 25%): 1.73 or higher
  • Top 1%: 6.32+
  • Median: 1.25 — half of all investments score higher

How it compares to other similar ETFs

The table compares Fidelity Low Volatility Factor ETF's Sharpe Ratio with other ETFs in the Low Volatility category across multiple time periods, showing how FDLO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
LVHIFranklin International Low Volatility High Dividend Index ETF3.72
FLLVFranklin Liberty U.S. Low Volatility ETF3.09
CILVictoryShares International Volatility Wtd ETF2.51
VSMVVictoryShares US Multi-Factor Minimum Volatility ETF2.46
CDCVictoryShares US EQ Income Enhanced Volatility Wtd ETF2.14
CDLVictoryShares US Large Cap High Dividend Volatility Wtd ETF2.13
SMLVSPDR SSGA US Small Cap Low Volatility Index ETF2.12
QLVFlexShares US Quality Low Volatility Index Fund1.99
VFMVVanguard U.S. Minimum Volatility ETF1.76
FDLOFidelity Low Volatility Factor ETF1.70
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows FDLO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FDLO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does FDLO fit in your portfolio?

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