BMVP vs. FZROX
Compare and contrast key facts about Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Fidelity ZERO Total Market Index Fund (FZROX).
BMVP is a passively managed fund by Invesco that tracks the performance of the Bloomberg MVP Index. It was launched on May 1, 2003. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMVP or FZROX.
Key characteristics
| BMVP | FZROX | |
|---|---|---|
| YTD Return | 18.32% | 17.75% |
| 1Y Return | 26.39% | 25.96% |
| 3Y Return (Ann) | 6.84% | 8.52% |
| 5Y Return (Ann) | 9.75% | 14.52% |
| Sharpe Ratio | 2.55 | 2.05 |
| Daily Std Dev | 10.90% | 13.16% |
| Max Drawdown | -52.66% | -34.96% |
| Current Drawdown | -0.44% | -0.71% |
Correlation
The correlation between BMVP and FZROX is 0.88, 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
BMVP vs. FZROX - Performance Comparison
The year-to-date returns for both stocks are quite close, with BMVP having a 18.32% return and FZROX slightly lower at 17.75%. 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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BMVP vs. FZROX - Expense Ratio Comparison
BMVP has a 0.29% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
BMVP vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Fidelity ZERO Total Market Index Fund (FZROX). 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
BMVP vs. FZROX - Dividend Comparison
BMVP's dividend yield for the trailing twelve months is around 1.86%, more than FZROX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMVP Invesco Bloomberg MVP Multi-factor ETF | 1.86% | 1.67% | 1.51% | 0.56% | 1.09% | 0.95% | 1.44% | 1.75% | 1.35% | 1.02% | 0.82% | 0.78% |
FZROX Fidelity ZERO Total Market Index Fund | 1.15% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BMVP vs. FZROX - Drawdown Comparison
The maximum BMVP drawdown since its inception was -52.66%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for BMVP and FZROX. For additional features, visit the drawdowns tool.
Volatility
BMVP vs. FZROX - Volatility Comparison
The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 2.87%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.53%. This indicates that BMVP experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.