Fidelity U.S. Multifactor ETF (FLRG)
FLRG is a passive ETF by Fidelity tracking the investment results of the Fidelity U.S. Multifactor Index. FLRG launched on Sep 15, 2020 and has a 0.29% expense ratio.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Sep 15, 2020 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities |
| Leveraged | 1x |
| Index Tracked | Fidelity U.S. Multifactor Index |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FLRG features an expense ratio of 0.29%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FLRG vs. FSMD, FLRG vs. FMIL, FLRG vs. FDVV, FLRG vs. IVV, FLRG vs. VOO, FLRG vs. VTI, FLRG vs. QQQ, FLRG vs. SCHG, FLRG vs. XLK, FLRG vs. FTEC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity U.S. Multifactor ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity U.S. Multifactor ETF had a return of 27.78% year-to-date (YTD) and 34.23% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 27.78% | 25.48% |
| 1 month | 1.35% | 2.14% |
| 6 months | 14.87% | 12.76% |
| 1 year | 34.23% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FLRG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.12% | 3.56% | 4.13% | -4.78% | 5.47% | 3.31% | 2.92% | 2.84% | 1.73% | -0.41% | 27.78% | ||
| 2023 | 3.85% | -2.21% | 2.39% | 2.23% | -2.06% | 5.86% | 2.08% | 0.14% | -3.87% | -2.00% | 7.15% | 4.03% | 18.31% |
| 2022 | -4.20% | -3.34% | 2.22% | -5.81% | 2.02% | -8.12% | 8.28% | -3.52% | -7.21% | 9.45% | 5.11% | -4.49% | -10.98% |
| 2021 | -0.30% | 1.48% | 5.58% | 4.99% | 0.53% | 2.71% | 3.84% | 2.44% | -4.95% | 5.27% | -1.34% | 6.38% | 29.36% |
| 2020 | 0.15% | -3.17% | 8.83% | 3.79% | 9.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FLRG is 90, placing it in the top 10% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity U.S. Multifactor ETF provided a 1.23% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.43 | $0.39 | $0.39 | $0.37 | $0.31 |
Dividend yield | 1.23% | 1.39% | 1.62% | 1.36% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity U.S. Multifactor 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.34 | |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.37 |
| 2020 | $0.31 | $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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity U.S. Multifactor 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 U.S. Multifactor ETF was 19.64%, occurring on Jun 16, 2022. Recovery took 304 trading sessions.
The current Fidelity U.S. Multifactor ETF drawdown is 0.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.64% | Jan 5, 2022 | 113 | Jun 16, 2022 | 304 | Sep 1, 2023 | 417 |
| -7.7% | Sep 5, 2023 | 39 | Oct 27, 2023 | 16 | Nov 20, 2023 | 55 |
| -7.46% | Oct 13, 2020 | 14 | Oct 30, 2020 | 8 | Nov 11, 2020 | 22 |
| -6.46% | Jul 17, 2024 | 14 | Aug 5, 2024 | 10 | Aug 19, 2024 | 24 |
| -5.83% | Apr 1, 2024 | 15 | Apr 19, 2024 | 18 | May 15, 2024 | 33 |
Volatility
Volatility Chart
The current Fidelity U.S. Multifactor ETF volatility is 3.90%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.