FDLO vs. FMIL
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Fidelity New Millennium ETF (FMIL).
FDLO and FMIL 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. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDLO or FMIL.
Correlation
The correlation between FDLO and FMIL is 1.00, 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. FMIL - Performance Comparison
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Key characteristics
FDLO:
7.17%
FMIL:
9.12%
FDLO:
-0.73%
FMIL:
-0.75%
FDLO:
-0.57%
FMIL:
-0.02%
Returns By Period
FDLO
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FMIL
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FDLO vs. FMIL - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is lower than FMIL's 0.59% expense ratio.
Risk-Adjusted Performance
FDLO vs. FMIL — Risk-Adjusted Performance Rank
FDLO
FMIL
FDLO vs. FMIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Fidelity New Millennium ETF (FMIL). 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
FDLO vs. FMIL - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.45%, while FMIL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMIL Fidelity New Millennium ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDLO vs. FMIL - Drawdown Comparison
The maximum FDLO drawdown since its inception was -0.73%, roughly equal to the maximum FMIL drawdown of -0.75%. Use the drawdown chart below to compare losses from any high point for FDLO and FMIL. For additional features, visit the drawdowns tool.
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Volatility
FDLO vs. FMIL - Volatility Comparison
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