Fidelity U.S. Multifactor ETF (FLRG)

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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.

Fidelity U.S. Multifactor ETF (FLRG) has returned -2.67% so far this year and 12.61% over the past 12 months.

Based on dividend-adjusted daily data since Sep 17, 2020, FLRG's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, your investment would double in approximately 5.1 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 53% 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%.

Fidelity U.S. Multifactor ETF has an annualized alpha of 2.41%, beta of 0.87, and R² of 0.93 versus S&P 500 Index. Calculated based on daily prices since September 18, 2020.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (93.28%) than losses (87.77%) — typical of diversified or defensive assets.
• This ETF generated an annualized alpha of 2.41% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 0.87 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.

FLRG has an expense ratio of 0.29%, placing it in the medium range.

FLRG ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity U.S. Multifactor ETF provided a 1.51% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 5 consecutive years.

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.

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.

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 5.15%.

The chart below shows the rolling one-month volatility.