- Issuer
- Fidelity
- Inception Date
- Sep 15, 2020
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity U.S. Multifactor Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $289M
Highlights
- Avg. Volume (1M)
- 16K
- Avg. Volume Value (1M)
- $669.16K
Share Price Chart
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Performance
FLRG Performance Chart
Fidelity U.S. Multifactor ETF (FLRG) is up 10.3% since the beginning of the year. FLRG is currently trading at $42 per share. Investors who bought $1,000 worth of FLRG shares 5 years ago would now be looking at an investment worth $1,756.
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Compare this symbol against anything
Returns By Period
Fidelity U.S. Multifactor ETF (FLRG) has returned 10.29% so far this year and 17.72% over the past 12 months.
Fidelity U.S. Multifactor ETF
- 1D
- 0.16%
- 1M
- 1.69%
- 6M
- 8.30%
- YTD
- 10.29%
- 1Y
- 17.72%
- 3Y*
- 17.69%
- 5Y*
- 11.92%
- 10Y*
- —
- ALL TIME*
- 15.43%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FLRG Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2020, FLRG's average daily return is +0.06%, while the average monthly return is +1.27%. At this rate, an investment would double in approximately 4.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Oct 2022 with a return of +9.5%, while the worst month was Jun 2022 at -8.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FLRG closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.8%, while the worst single day was Apr 4, 2025 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.83% | -0.69% | -3.76% | 8.20% | 3.50% | -0.12% | 1.30% | 10.29% | |||||
| 2025 | 4.01% | -1.36% | -4.03% | -0.67% | 5.89% | 3.39% | 0.87% | 2.53% | 3.71% | -1.38% | 0.81% | -0.24% | 13.92% |
| 2024 | 2.12% | 3.56% | 4.13% | -4.78% | 5.48% | 3.30% | 2.92% | 2.84% | 1.73% | -0.41% | 5.43% | -4.50% | 23.36% |
| 2023 | 3.85% | -2.22% | 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% | 8.29% | -3.52% | -7.21% | 9.45% | 5.11% | -4.49% | -10.98% |
| 2021 | -0.30% | 1.48% | 5.58% | 4.99% | 0.52% | 2.71% | 3.84% | 2.44% | -4.95% | 5.27% | -1.34% | 6.38% | 29.36% |
Benchmark Metrics
Fidelity U.S. Multifactor ETF has an annualized alpha of 2.61%, beta of 0.86, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since September 17, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.22%) than losses (84.46%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.61% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.93, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.61%
- Beta
- 0.86
- R²
- 0.93
- Upside Capture
- 91.22%
- Downside Capture
- 84.46%
Expense Ratio
FLRG has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLRG ranks 66 for risk / return — above 66% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) 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.
| FLRG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.00 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.67 | 8.49 | +0.18 |
Dividends
Dividend History
Fidelity U.S. Multifactor ETF provided a 1.37% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.54 | $0.48 | $0.39 | $0.39 | $0.37 | $0.31 |
Dividend yield | 1.37% | 1.42% | 1.42% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.27 | |||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.48 |
| 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 |
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 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.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.64%Jun 2022 | 5mo 12d | 1y 2mo | 1y 7moJan 2022 - Sep 2023 | Bear market2022 |
-16.53%Apr 2025 | 2mo 14d | 2mo 20d | 5mo 4dJan 2025 - Jun 2025 | 2025 selloff2025 |
-7.70%Oct 2023 | 1mo 22d | 24d | 2mo 16dSep 2023 - Nov 2023 | — |
-7.46%Oct 2020 | 17d | 12d | 29dOct 2020 - Nov 2020 | — |
-7.16%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 | — |
Drawdown Indicators
| FLRG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -56.78% | +37.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -9.10% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -18.90% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -25.43% | +5.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -10.70% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.14% | -0.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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