AFLG vs. FNILX
Compare and contrast key facts about First Trust Active Factor Large Cap ETF (AFLG) and Fidelity ZERO Large Cap Index Fund (FNILX).
AFLG is a passively managed fund by First Trust that tracks the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. It was launched on Dec 3, 2019. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFLG or FNILX.
Key characteristics
| AFLG | FNILX | |
|---|---|---|
| YTD Return | 9.46% | 8.01% |
| 1Y Return | 29.06% | 29.18% |
| 3Y Return (Ann) | 7.77% | 8.52% |
| Sharpe Ratio | 2.43 | 2.39 |
| Daily Std Dev | 11.42% | 11.85% |
| Max Drawdown | -35.84% | -33.75% |
| Current Drawdown | -3.26% | -2.26% |
Correlation
The correlation between AFLG and FNILX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AFLG vs. FNILX - Performance Comparison
In the year-to-date period, AFLG achieves a 9.46% return, which is significantly higher than FNILX's 8.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AFLG vs. FNILX - Expense Ratio Comparison
AFLG has a 0.55% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
AFLG vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap ETF (AFLG) and Fidelity ZERO Large Cap Index Fund (FNILX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AFLG vs. FNILX - Dividend Comparison
AFLG's dividend yield for the trailing twelve months is around 1.27%, more than FNILX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AFLG First Trust Active Factor Large Cap ETF | 1.27% | 1.53% | 1.52% | 0.93% | 1.28% | 0.20% | 0.00% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.24% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Drawdowns
AFLG vs. FNILX - Drawdown Comparison
The maximum AFLG drawdown since its inception was -35.84%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for AFLG and FNILX. For additional features, visit the drawdowns tool.
Volatility
AFLG vs. FNILX - Volatility Comparison
The current volatility for First Trust Active Factor Large Cap ETF (AFLG) is 3.94%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.16%. This indicates that AFLG experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.