- Issuer
- Fidelity
- Inception Date
- Feb 22, 2024
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FFLV Performance Chart
Fidelity Fundamental Large Cap Value ETF (FFLV) is up 13.7% since the beginning of the year. FFLV is currently trading at $28 per share.
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Returns By Period
Fidelity Fundamental Large Cap Value ETF (FFLV) has returned 13.66% so far this year and 29.54% over the past 12 months.
Fidelity Fundamental Large Cap Value ETF
- 1D
- 0.24%
- 1M
- 2.60%
- YTD
- 13.66%
- 6M
- 12.89%
- 1Y
- 29.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FFLV Monthly Returns History
Based on dividend-adjusted daily data since Feb 26, 2024, FFLV's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 72% of months were positive and 28% were negative. The best month was Apr 2026 with a return of +7.5%, while the worst month was Dec 2024 at -7.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FFLV closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.8%, while the worst single day was Feb 26, 2024 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.03% | 3.39% | -4.63% | 7.50% | 0.76% | 2.28% | 13.66% | ||||||
| 2025 | 3.28% | 0.26% | -1.66% | -3.26% | 2.57% | 2.93% | 0.29% | 4.06% | 0.88% | 0.85% | 3.41% | 1.64% | 16.04% |
| 2024 | -7.67% | 5.85% | -5.01% | 2.82% | -2.19% | 5.87% | 2.06% | 0.63% | -0.67% | 6.84% | -7.84% | -0.71% |
Benchmark Metrics
Fidelity Fundamental Large Cap Value ETF has an annualized alpha of 0.07%, beta of 0.71, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since February 26, 2024.
- This ETF participated in 72.05% of S&P 500 Index downside but only 65.56% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.07%
- Beta
- 0.71
- R²
- 0.56
- Upside Capture
- 65.56%
- Downside Capture
- 72.05%
Expense Ratio
FFLV has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FFLV ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) and compare them to S&P 500 Index.
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.
| FFLV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 2.78 | +1.31 |
| Martin ratioReturn relative to average drawdown | 15.92 | 12.44 | +3.48 |
Dividends
Dividend History
Fidelity Fundamental Large Cap Value ETF provided a 1.42% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.31 |
Dividend yield | 1.42% | 1.60% | 1.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Fundamental Large Cap Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.39 |
| 2024 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Fundamental Large Cap Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Fundamental Large Cap Value ETF was 16.71%, occurring on Apr 8, 2025. Recovery took 94 trading sessions.
The current Fidelity Fundamental Large Cap Value ETF drawdown is 0.50%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -16.71%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 |
2024 pullback2024 | -8.10%Feb 2024 | 0s | 6mo 2d | 6mo 2dFeb 2024 - Aug 2024 |
2026 pullback2026 | -7.24%Mar 2026 | 1mo 16d | 1mo 1d | 2mo 17dFeb 2026 - Apr 2026 |
2024 pullback2024 | -3.46%Sep 2024 | 3d | 13d | 16dSep 2024 - Sep 2024 |
2025 pullback2025 | -3.07%Oct 2025 | 3d | 10d | 13dOct 2025 - Oct 2025 |
Drawdown Indicators
| FFLV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -56.78% | +40.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -9.10% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.50% | -1.80% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -10.71% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.03% | -0.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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