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Fidelity U.S. Multifactor ETF (FLRG)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

IssuerFidelity
Inception DateSep 15, 2020
RegionNorth America (U.S.)
CategoryLarge Cap Growth Equities
Index TrackedFidelity U.S. Multifactor Index
Home Pageinstitutional.fidelity.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

FLRG has a high expense ratio of 0.29%, indicating higher-than-average management fees.


Expense ratio chart for FLRG: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

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.


Fidelity U.S. Multifactor ETF

Popular comparisons: FLRG vs. FSMD, FLRG vs. FDVV, FLRG vs. IVV, FLRG vs. FMIL, FLRG vs. QQQ, FLRG vs. VTI, FLRG vs. SCHG, FLRG vs. VOO, 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.


30.00%40.00%50.00%60.00%70.00%December2024FebruaryMarchAprilMay
65.98%
58.02%
FLRG (Fidelity U.S. Multifactor ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Fidelity U.S. Multifactor ETF had a return of 11.23% year-to-date (YTD) and 26.26% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date11.23%11.21%
1 month4.97%4.60%
6 months15.71%16.35%
1 year26.26%27.79%
5 years (annualized)N/A13.43%
10 years (annualized)N/A10.76%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20242.12%3.56%4.13%-4.78%11.23%
20233.85%-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%
20200.15%-3.17%8.83%3.79%9.53%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of FLRG is 89, placing it in the top 11% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of FLRG is 8989
FLRG (Fidelity U.S. Multifactor ETF)
The Sharpe Ratio Rank of FLRG is 8989Sharpe Ratio Rank
The Sortino Ratio Rank of FLRG is 8888Sortino Ratio Rank
The Omega Ratio Rank of FLRG is 8686Omega Ratio Rank
The Calmar Ratio Rank of FLRG is 9393Calmar Ratio Rank
The Martin Ratio Rank of FLRG is 8888Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


FLRG
Sharpe ratio
The chart of Sharpe ratio for FLRG, currently valued at 2.47, compared to the broader market0.002.004.006.002.47
Sortino ratio
The chart of Sortino ratio for FLRG, currently valued at 3.52, compared to the broader market0.005.0010.003.52
Omega ratio
The chart of Omega ratio for FLRG, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.001.43
Calmar ratio
The chart of Calmar ratio for FLRG, currently valued at 3.39, compared to the broader market0.005.0010.0015.003.39
Martin ratio
The chart of Martin ratio for FLRG, currently valued at 12.38, compared to the broader market0.0020.0040.0060.0080.00100.0012.38
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.52, compared to the broader market0.002.004.006.002.52
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.56, compared to the broader market0.005.0010.003.56
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.001.44
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.04, compared to the broader market0.005.0010.0015.002.04
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.59, compared to the broader market0.0020.0040.0060.0080.00100.009.59

Sharpe Ratio

The current Fidelity U.S. Multifactor ETF Sharpe ratio is 2.47. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity U.S. Multifactor ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00December2024FebruaryMarchAprilMay
2.47
2.52
FLRG (Fidelity U.S. Multifactor ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity U.S. Multifactor ETF granted a 1.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.


PeriodTTM2023202220212020
Dividend$0.38$0.39$0.39$0.37$0.31

Dividend yield

1.25%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.10$0.00$0.00$0.10
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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2024FebruaryMarchAprilMay
-0.04%
-0.31%
FLRG (Fidelity U.S. Multifactor ETF)
Benchmark (^GSPC)

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 0.04%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.64%Jan 5, 2022113Jun 16, 2022304Sep 1, 2023417
-7.7%Sep 5, 202339Oct 27, 202316Nov 20, 202355
-7.46%Oct 13, 202014Oct 30, 20208Nov 11, 202022
-5.83%Apr 1, 202415Apr 19, 202418May 15, 202433
-5.39%Sep 7, 202120Oct 4, 202121Nov 2, 202141

Volatility

Volatility Chart

The current Fidelity U.S. Multifactor ETF volatility is 3.04%, 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.


2.00%2.50%3.00%3.50%4.00%December2024FebruaryMarchAprilMay
3.04%
3.10%
FLRG (Fidelity U.S. Multifactor ETF)
Benchmark (^GSPC)