FDFF vs. IYF
FDFF (Fidelity Disruptive Finance ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds. FDFF is actively managed, while IYF is passively managed. Over the past 3 years, FDFF returned 11.88%/yr vs 21.91%/yr for IYF. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FDFF charges 0.50%/yr vs 0.38%/yr for IYF.
Performance
FDFF vs. IYF - Performance Comparison
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Returns By Period
In the year-to-date period, FDFF achieves a 2.08% return, which is significantly lower than IYF's 6.26% return.
FDFF
- 1D
- 1.66%
- 1M
- 5.14%
- 6M
- 3.96%
- YTD
- 2.08%
- 1Y
- -1.80%
- 3Y*
- 11.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.28%
IYF
- 1D
- 0.94%
- 1M
- 3.06%
- 6M
- 6.56%
- YTD
- 6.26%
- 1Y
- 15.13%
- 3Y*
- 21.91%
- 5Y*
- 12.44%
- 10Y*
- 13.54%
- ALL TIME*
- 6.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $136.84K | $154.95K | $132.20K | |
| $67.62M | $58.41M | $41.32M |
FDFF vs. IYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 2.08% | -2.75% | 27.86% | 16.58% |
IYF iShares U.S. Financials ETF | 6.26% | 18.25% | 31.30% | 17.19% |
Correlation
The correlation between FDFF and IYF is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023 | 0.76 |
The correlation between FDFF and IYF has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
FDFF vs. IYF - Sectors Allocation Comparison
Sectors
FDFF
IYF
Financial Services
Technology
Industrials
-
Real Estate
Consumer Cyclical
-
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Utilities
-
-
Financial Services
FDFF
IYF
Technology
FDFF
IYF
Industrials
FDFF
IYF
-
Real Estate
FDFF
IYF
Consumer Cyclical
FDFF
IYF
-
Basic Materials
FDFF
-
IYF
-
Communication Services
FDFF
-
IYF
-
Consumer Defensive
FDFF
-
IYF
-
Energy
FDFF
-
IYF
-
Healthcare
FDFF
-
IYF
-
Utilities
FDFF
-
IYF
-
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Return for Risk
FDFF vs. IYF — Risk / Return Rank
FDFF
IYF
FDFF vs. IYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and iShares U.S. Financials ETF (IYF). 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.
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.
| FDFF | IYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.10 | -1.18 |
| Martin ratioReturn relative to average drawdown | -0.18 | 2.95 | -3.13 |
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Drawdowns
FDFF vs. IYF - Drawdown Comparison
The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for FDFF and IYF.
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Drawdown Indicators
| FDFF | IYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.06% | -79.09% | +56.03% |
Max Drawdown (1Y)Largest decline over 1 year | -20.60% | -13.88% | -6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | -16.60% | -6.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.57% | — |
Current DrawdownCurrent decline from peak | -7.30% | -0.58% | -6.72% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -17.51% | +10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 5.14% | +5.12% |
Volatility
FDFF vs. IYF - Volatility Comparison
Fidelity Disruptive Finance ETF (FDFF) has a higher volatility of 4.86% compared to iShares U.S. Financials ETF (IYF) at 3.88%. This indicates that FDFF's price experiences larger fluctuations and is considered to be riskier than IYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDFF | IYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 3.88% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 11.08% | +3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 14.59% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 18.95% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 20.83% | -1.88% |
FDFF vs. IYF - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is higher than IYF's 0.38% expense ratio.
Dividends
FDFF vs. IYF - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 0.97%, less than IYF's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.97% | 0.86% | 0.70% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYF iShares U.S. Financials ETF | 1.41% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
Frequently Asked Questions
FDFF and IYF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDFF has higher volatility (4.86%) compared to IYF (3.88%). In terms of maximum drawdown, FDFF dropped -23.06% vs IYF's -79.09%.
On 3-year performance, IYF leads with 21.91% vs 11.88% for FDFF. On fees, IYF is cheaper at 0.38% per year. On volatility, IYF has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYF has performed better with a 21.91% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYF is cheaper with a 0.38% expense ratio, compared with 0.50% for FDFF.
IYF has the higher dividend yield at 1.41%, compared with 0.97% for FDFF.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.50% for FDFF and 0.38% for IYF.
IYF currently has the higher Sharpe Ratio (1.04 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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