FDFF vs. WMT

Last updated Jun 4, 2026

FDFF (Fidelity Disruptive Finance ETF) is Financials Equities fund actively managed by Fidelity, while WMT (Walmart Inc.) is a stock. Over the past year, FDFF returned -13.28% vs 17.89% for WMT. At a 0.18 correlation, their price movements are largely independent.

Performance

FDFF vs. WMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Finance ETF (FDFF) and Walmart Inc. (WMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDFF achieves a -9.77% return, which is significantly lower than WMT's 5.33% return.

FDFF

• 1D: -2.74%
• 1M: -4.96%
• YTD: -9.77%
• 6M: -7.73%
• 1Y: -13.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WMT

• 1D: 3.39%
• 1M: -10.14%
• YTD: 5.33%
• 6M: 2.78%
• 1Y: 17.89%
• 3Y*: 34.52%
• 5Y*: 21.38%
• 10Y*: 19.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDFF vs. WMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDFF Fidelity Disruptive Finance ETF	-9.77%	-2.75%	27.86%	15.99%
WMT Walmart Inc.	5.33%	24.49%	73.99%	3.05%

Correlation

The correlation between FDFF and WMT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.18

The correlation between FDFF and WMT shifts across timeframes, from -0.01 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDFF vs. WMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDFF

FDFF Risk / Return Rank: 3
FDFF Sharpe Ratio Rank: 3
FDFF Sortino Ratio Rank: 3
FDFF Omega Ratio Rank: 3
FDFF Calmar Ratio Rank: 4
FDFF Martin Ratio Rank: 3

WMT

WMT Risk / Return Rank: 63
WMT Sharpe Ratio Rank: 65
WMT Sortino Ratio Rank: 58
WMT Omega Ratio Rank: 58
WMT Calmar Ratio Rank: 63
WMT Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDFF vs. WMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Walmart Inc. (WMT). 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.

	FDFF	WMT	Difference
Sharpe ratio Return per unit of total volatility	-0.73	0.76	-1.49
Sortino ratio Return per unit of downside risk	-0.92	1.22	-2.14
Omega ratio Gain probability vs. loss probability	0.89	1.16	-0.26
Calmar ratio Return relative to maximum drawdown	-0.60	1.14	-1.74
Martin ratio Return relative to average drawdown	-1.23	3.84	-5.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDFF vs. WMT - Sharpe Ratio Comparison

The current FDFF Sharpe Ratio is -0.73, which is lower than the WMT Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of FDFF and WMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDFF	WMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	0.76	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.64	-0.15

Drawdowns

FDFF vs. WMT - Drawdown Comparison

The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for FDFF and WMT.

Drawdown Indicators

	FDFF	WMT	Difference
Max Drawdown Largest peak-to-trough decline	-23.06%	-77.14%	+54.08%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-15.75%	-6.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.74%	—
Current Drawdown Current decline from peak	-18.05%	-12.90%	-5.15%
Average Drawdown Average peak-to-trough decline	-6.32%	-14.63%	+8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.82%	4.74%	+6.08%

Volatility

FDFF vs. WMT - Volatility Comparison

The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 4.48%, while Walmart Inc. (WMT) has a volatility of 10.05%. This indicates that FDFF experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDFF	WMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	10.05%	-5.57%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	18.63%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	23.70%	-5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	21.68%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	21.72%	-2.70%

Dividends

FDFF vs. WMT - Dividend Comparison

FDFF's dividend yield for the trailing twelve months is around 1.01%, more than WMT's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFF Fidelity Disruptive Finance ETF	1.01%	0.86%	0.70%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WMT Walmart Inc.	0.83%	0.84%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%

Frequently Asked Questions

Can I hold both FDFF and WMT in my portfolio?

FDFF and WMT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDFF or WMT?

WMT has higher volatility (10.05%) compared to FDFF (4.48%). In terms of maximum drawdown, FDFF dropped -23.06% vs WMT's -77.14%.

Which has better risk-adjusted returns?

WMT currently has the higher Sharpe Ratio (0.76 vs -0.73), 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.