- ISIN
- US31641Q5999
- CUSIP
- 31641Q599
- Issuer
- Fidelity
- Inception Date
- Nov 5, 2019
- Category
- Large Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FULVX Performance Chart
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Returns By Period
Fidelity U.S. Low Volatility Equity Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FULVX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.51% | 3.57% | -4.77% | 1.90% | -1.02% | -0.01% | |||||||
| 2025 | 3.71% | 1.62% | -1.20% | -1.38% | 1.80% | 0.53% | -1.93% | 2.31% | 1.09% | -2.24% | 2.97% | -1.94% | 5.23% |
| 2024 | 1.78% | 3.68% | 2.84% | -3.36% | 2.14% | 0.79% | 3.73% | 3.60% | 0.48% | -1.61% | 5.63% | -2.81% | 17.76% |
| 2023 | 1.37% | -2.71% | 1.39% | 1.37% | -3.29% | 3.86% | 1.25% | -0.48% | -3.06% | -0.99% | 5.18% | 2.69% | 6.38% |
| 2022 | -6.93% | -1.80% | 4.39% | -4.55% | -0.46% | -3.95% | 4.69% | -3.72% | -7.13% | 8.32% | 4.82% | -3.20% | -10.43% |
| 2021 | -1.68% | -0.85% | 4.78% | 4.84% | 0.96% | 0.74% | 2.49% | 1.76% | -5.18% | 4.51% | -1.33% | 6.05% | 17.79% |
Benchmark Metrics
Fidelity U.S. Low Volatility Equity Fund has an annualized alpha of -3.17%, beta of 0.71, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since November 05, 2019.
- This fund participated in 79.75% of S&P 500 Index downside but only 57.89% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.17% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.17%
- Beta
- 0.71
- R²
- 0.79
- Upside Capture
- 57.89%
- Downside Capture
- 79.75%
Expense Ratio
FULVX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) 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.
| FULVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Fidelity U.S. Low Volatility Equity Fund provided a 8.06% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.80 | $0.68 | $0.18 | $0.51 | $0.64 | $0.07 | $0.03 |
Dividend yield | 8.06% | 6.82% | 5.76% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity U.S. Low Volatility Equity Fund. 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 | $0.00 | $0.00 | $0.67 | $0.67 | |||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.80 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.64 |
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. Low Volatility Equity Fund. 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. Low Volatility Equity Fund was 33.24%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.24%Mar 2020 | 1mo 3d | 9mo 21d | 10mo 24dFeb 2020 - Jan 2021 |
Bear market2022 | -18.64%Sep 2022 | 9mo 4d | 1y 4mo | 2y 1moDec 2021 - Feb 2024 |
2025 selloff2025 | -10.31%Apr 2025 | 1mo 6d | 2mo 24d | 4moMar 2025 - Jul 2025 |
2026 pullback2026 | -6.33%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2021 pullback2021 | -6.20%Oct 2021 | 1mo 1d | 1mo 9d | 2mo 10dSep 2021 - Nov 2021 |
Drawdown Indicators
| FULVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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