Fidelity U.S. Low Volatility Equity Fund (FULVX)
The fund normally invests at least 80% of assets in U.S. equity securities. The advisor employs a strategy that combines fundamental stock selection and quantitative risk management techniques focused on reducing absolute portfolio risk in an effort to produce returns in excess of the Russell 3000 Index over a full market cycle (generally five to eight years) but with lower absolute volatility. The fund invests in either "growth" stocks or "value" stocks or both.
Fund Info
US31641Q5999
31641Q599
Nov 5, 2019
$0
Large-Cap
Blend
Expense Ratio
FULVX features an expense ratio of 0.66%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity U.S. Low Volatility Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity U.S. Low Volatility Equity Fund had a return of 11.80% year-to-date (YTD) and 12.96% in the last 12 months.
FULVX
11.80%
-4.94%
3.02%
12.96%
5.50%
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of FULVX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.78% | 3.68% | 2.84% | -3.36% | 2.14% | 0.79% | 3.73% | 3.60% | 0.48% | -1.61% | 5.63% | 11.80% | |
| 2023 | 1.37% | -2.71% | 1.39% | 1.37% | -3.28% | 3.86% | 1.25% | -0.48% | -3.06% | -0.99% | 5.19% | 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% | 17.78% |
| 2020 | 1.35% | -7.97% | -13.20% | 9.62% | 5.09% | -0.28% | 5.58% | 2.94% | -3.33% | -3.15% | 6.30% | 3.20% | 3.83% |
| 2019 | 2.30% | 1.95% | 4.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, FULVX is among the top 19% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity U.S. Low Volatility Equity Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.12 | $0.13 | $0.08 | $0.07 | $0.03 |
Dividend yield | 0.00% | 1.10% | 1.22% | 0.63% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.08 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.07 |
| 2019 | $0.03 | $0.03 |
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.
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 202 trading sessions.
The current Fidelity U.S. Low Volatility Equity Fund drawdown is 7.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.24% | Feb 19, 2020 | 24 | Mar 23, 2020 | 202 | Jan 8, 2021 | 226 |
| -18.64% | Dec 30, 2021 | 190 | Sep 30, 2022 | 350 | Feb 23, 2024 | 540 |
| -7.73% | Dec 2, 2024 | 15 | Dec 20, 2024 | — | — | — |
| -6.2% | Sep 3, 2021 | 21 | Oct 4, 2021 | 29 | Nov 12, 2021 | 50 |
| -5.66% | Feb 10, 2021 | 16 | Mar 4, 2021 | 16 | Mar 26, 2021 | 32 |
Volatility
Volatility Chart
The current Fidelity U.S. Low Volatility Equity Fund volatility is 3.57%, 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.