FDLO vs. ARKK
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and ARK Innovation ETF (ARKK).
FDLO and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. It was launched on Sep 12, 2016. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDLO or ARKK.
Key characteristics
| FDLO | ARKK | |
|---|---|---|
| YTD Return | 3.18% | -15.85% |
| 1Y Return | 13.91% | 24.47% |
| 3Y Return (Ann) | 7.16% | -29.23% |
| 5Y Return (Ann) | 10.99% | -0.85% |
| Sharpe Ratio | 1.75 | 0.72 |
| Daily Std Dev | 9.12% | 36.53% |
| Max Drawdown | -34.35% | -80.91% |
| Current Drawdown | -3.11% | -71.39% |
Correlation
The correlation between FDLO and ARKK is 0.57, 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.
Performance
FDLO vs. ARKK - Performance Comparison
In the year-to-date period, FDLO achieves a 3.18% return, which is significantly higher than ARKK's -15.85% 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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FDLO vs. ARKK - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
FDLO vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and ARK Innovation ETF (ARKK). 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
FDLO vs. ARKK - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.35%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.35% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
FDLO vs. ARKK - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for FDLO and ARKK. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. ARKK - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 2.28%, while ARK Innovation ETF (ARKK) has a volatility of 8.91%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.