FDLO vs. FDVV
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Fidelity High Dividend ETF (FDVV).
FDLO and FDVV 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both FDLO and FDVV 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 FDVV.
Performance
FDLO vs. FDVV - Performance Comparison
Returns By Period
In the year-to-date period, FDLO achieves a 17.72% return, which is significantly lower than FDVV's 25.92% return.
FDLO
17.72%
-0.23%
11.29%
21.09%
12.00%
N/A
FDVV
25.92%
1.11%
14.30%
33.97%
14.67%
N/A
Key characteristics
| FDLO | FDVV | |
|---|---|---|
| Sharpe Ratio | 2.48 | 3.37 |
| Sortino Ratio | 3.35 | 4.59 |
| Omega Ratio | 1.46 | 1.63 |
| Calmar Ratio | 4.83 | 6.81 |
| Martin Ratio | 15.80 | 28.63 |
| Ulcer Index | 1.38% | 1.20% |
| Daily Std Dev | 8.79% | 10.20% |
| Max Drawdown | -34.35% | -40.25% |
| Current Drawdown | -1.23% | 0.00% |
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FDLO vs. FDVV - Expense Ratio Comparison
Both FDLO and FDVV have an expense ratio of 0.29%.
Correlation
The correlation between FDLO and FDVV is 0.83, 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.
Risk-Adjusted Performance
FDLO vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Fidelity High Dividend ETF (FDVV). 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. FDVV - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.27%, less than FDVV's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.27% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% |
FDVV Fidelity High Dividend ETF | 2.71% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
FDLO vs. FDVV - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FDLO and FDVV. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. FDVV - Volatility Comparison
Fidelity Low Volatility Factor ETF (FDLO) has a higher volatility of 3.01% compared to Fidelity High Dividend ETF (FDVV) at 2.58%. This indicates that FDLO's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.