FDLO vs. FDRR
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Fidelity Dividend ETF for Rising Rates (FDRR).
FDLO and FDRR 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. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016. Both FDLO and FDRR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDLO or FDRR.
Key characteristics
| FDLO | FDRR | |
|---|---|---|
| YTD Return | 2.88% | 3.24% |
| 1Y Return | 15.60% | 14.94% |
| 3Y Return (Ann) | 7.01% | 5.42% |
| 5Y Return (Ann) | 10.93% | 9.90% |
| Sharpe Ratio | 1.63 | 1.31 |
| Daily Std Dev | 9.14% | 10.84% |
| Max Drawdown | -34.35% | -36.52% |
| Current Drawdown | -3.40% | -3.24% |
Correlation
The correlation between FDLO and FDRR 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
FDLO vs. FDRR - Performance Comparison
In the year-to-date period, FDLO achieves a 2.88% return, which is significantly lower than FDRR's 3.24% 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. FDRR - Expense Ratio Comparison
Both FDLO and FDRR have an expense ratio of 0.29%.
Risk-Adjusted Performance
FDLO vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Fidelity Dividend ETF for Rising Rates (FDRR). 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. FDRR - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.35%, less than FDRR's 2.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.35% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.68% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Drawdowns
FDLO vs. FDRR - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum FDRR drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FDLO and FDRR. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. FDRR - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 2.48%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 3.44%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.