Correlation
The correlation between FDIV and FZROX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FDIV vs. FZROX
Compare and contrast key facts about First Trust Strategic Income ETF (FDIV) and Fidelity ZERO Total Market Index Fund (FZROX).
FDIV is an actively managed fund by First Trust. It was launched on Aug 13, 2014. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIV or FZROX.
Performance
FDIV vs. FZROX - Performance Comparison
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Key characteristics
FDIV:
-0.11
FZROX:
0.70
FDIV:
-0.06
FZROX:
1.00
FDIV:
0.99
FZROX:
1.15
FDIV:
-0.12
FZROX:
0.64
FDIV:
-0.35
FZROX:
2.42
FDIV:
6.39%
FZROX:
5.17%
FDIV:
17.68%
FZROX:
20.15%
FDIV:
-18.60%
FZROX:
-34.96%
FDIV:
-10.72%
FZROX:
-3.85%
Returns By Period
In the year-to-date period, FDIV achieves a -4.35% return, which is significantly lower than FZROX's 0.59% return.
FDIV
-4.35%
2.86%
-9.95%
-3.55%
N/A
N/A
N/A
FZROX
0.59%
5.78%
-2.40%
13.04%
13.86%
15.39%
N/A
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FDIV vs. FZROX - Expense Ratio Comparison
FDIV has a 0.87% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FDIV vs. FZROX — Risk-Adjusted Performance Rank
FDIV
FZROX
FDIV vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Strategic Income ETF (FDIV) 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.
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Dividends
FDIV vs. FZROX - Dividend Comparison
FDIV's dividend yield for the trailing twelve months is around 2.91%, more than FZROX's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FDIV First Trust Strategic Income ETF | 2.91% | 2.89% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.15% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% |
Drawdowns
FDIV vs. FZROX - Drawdown Comparison
The maximum FDIV drawdown since its inception was -18.60%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FDIV and FZROX.
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Volatility
FDIV vs. FZROX - Volatility Comparison
First Trust Strategic Income ETF (FDIV) has a higher volatility of 6.01% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.99%. This indicates that FDIV's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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