Fidelity U.S. Multifactor ETF (FLRG) belongs to the Large Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLRG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLRG
FLRG charges 0.15% annually. There are 40 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan BetaBuilders U.S. Equity ETF | 0.02% | 8.89B | Mar 2019 | FLRG vs BBUS | |
| Global X U.S. 500 ETF | 0.02% | 4.50M | Sep 2025 | FLRG vs GXLC | |
| Franklin U.S. Equity Index ETF | 0.03% | 2.00B | Jun 2016 | FLRG vs USPX | |
| Schwab 1000 Index ETF | 0.03% | 5.72B | Oct 2017 | FLRG vs SCHK | |
| Schwab U.S. Large-Cap ETF | 0.03% | 71.82B | Nov 2009 | FLRG vs SCHX |
Best Risk-Adjusted Alternatives to FLRG
FLRG has a PortfoliosLab risk / return rank of 68. There are 70 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Avantis Inflation Focused Equity ETF | 96 | 12.36M | Sep 2022 | FLRG vs AVIE | |
| Invesco RAFI Strategic US ETF | 96 | 927.09M | Sep 2018 | FLRG vs IUS | |
| ARS Focused Opportunities Strategy ETF | 94 | 293.98M | Jun 2025 | FLRG vs AFOS | |
| PIMCO RAFI ESG U.S. ETF | 93 | 160.47M | Dec 2019 | FLRG vs RAFE | |
| Essential 40 Stock ETF | 93 | 180.66M | Jun 2014 | FLRG vs ESN |
Top Performing FLRG Alternatives (YTD)
FLRG is at 10.29% YTD. There are 116 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 33.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Aztlan North America Nearshoring Stock Selection E... | 33.68% | 33.11M | Nov 2023 | FLRG vs NRSH | |
| Return Stacked US Stocks & Futures Yield ETF | 29.79% | — | May 2024 | FLRG vs RSSY | |
| ARS Focused Opportunities Strategy ETF | 27.82% | 293.98M | Jun 2025 | FLRG vs AFOS | |
| Mohr Company Nav ETF | 24.51% | — | Sep 2024 | FLRG vs CNAV | |
| First Trust Bloomberg Inflation Sensitive Equity E... | 24.04% | 5.62M | Mar 2023 | FLRG vs FTIF |
Lowest Volatility Alternatives to FLRG
FLRG has 10.62% 1-year volatility. There are 14 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 7.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Azoria 500 Meritocracy ETF | 7.57% | — | Jul 2025 | FLRG vs SPXM | |
| 6 Meridian Mega Cap Equity ETF | 9.05% | 402.23M | May 2020 | FLRG vs SIXA | |
| Liberty One Spectrum ETF | 9.38% | 65.78M | Sep 2025 | FLRG vs SPCT | |
| ALPS Equal Sector Weight ETF | 9.50% | 744.97M | Jul 2009 | FLRG vs EQL | |
| T. Rowe Price Dividend Growth ETF | 9.74% | 1.42B | Aug 2020 | FLRG vs TDVG |
Lowest Drawdown Alternatives to FLRG
FLRG has a 1-year max drawdown of -7.16%. There are 15 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -4.97%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Avantis Inflation Focused Equity ETF | -4.97% | 12.36M | Sep 2022 | FLRG vs AVIE | |
| Azoria 500 Meritocracy ETF | -5.08% | — | Jul 2025 | FLRG vs SPXM | |
| 6 Meridian Mega Cap Equity ETF | -5.59% | 402.23M | May 2020 | FLRG vs SIXA | |
| Invesco RAFI Strategic US ETF | -6.15% | 927.09M | Sep 2018 | FLRG vs IUS | |
| ALPS Equal Sector Weight ETF | -6.19% | 744.97M | Jul 2009 | FLRG vs EQL |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 52 | 20.47% | 20.96B | Oct 2013 | FLRG vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 78 | 12.19% | 9.74B | Sep 2016 | FLRG vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 1 | -28.23% | 10.22B | Jan 2024 | FLRG vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 30 | -0.33% | 26.62B | Oct 2014 | FLRG vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 47 | 10.15% | 10.69B | Sep 2003 | FLRG vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 37 | 9.01% | 6.97B | Jun 2020 | FLRG vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 77 | 12.07% | 7.88B | Apr 2007 | FLRG vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.79% | 2.35B | Oct 2013 | FLRG vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 3 | -37.25% | 750.93M | Jul 2024 | FLRG vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 27 | 2.21% | 5.65B | Nov 2023 | FLRG vs FELG |
Often Compared With FLRG
Investors most often compare FLRG with FMIL, FSMD, VOO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FLRG with Any Fund or Stock
Compare FLRG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLRG with funds that move differently
Fidelity U.S. Multifactor ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLRG.
Explore FLRG Diversifiers