FDLO vs. FTLS
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and First Trust Long/Short Equity ETF (FTLS).
FDLO and FTLS 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. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDLO or FTLS.
Correlation
The correlation between FDLO and FTLS is 0.82, 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. FTLS - Performance Comparison
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Key characteristics
FDLO:
0.61
FTLS:
0.55
FDLO:
0.97
FTLS:
0.87
FDLO:
1.15
FTLS:
1.12
FDLO:
0.66
FTLS:
0.58
FDLO:
2.86
FTLS:
2.05
FDLO:
3.16%
FTLS:
3.32%
FDLO:
14.11%
FTLS:
11.61%
FDLO:
-34.35%
FTLS:
-20.53%
FDLO:
-5.48%
FTLS:
-6.26%
Returns By Period
In the year-to-date period, FDLO achieves a -1.22% return, which is significantly higher than FTLS's -2.90% return.
FDLO
-1.22%
4.49%
-3.81%
8.52%
12.76%
N/A
FTLS
-2.90%
3.14%
-2.23%
6.85%
10.65%
7.79%
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FDLO vs. FTLS - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
FDLO vs. FTLS — Risk-Adjusted Performance Rank
FDLO
FTLS
FDLO vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and First Trust Long/Short Equity ETF (FTLS). 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. FTLS - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.45%, less than FTLS's 1.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.45% | 1.40% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% | 0.00% |
FTLS First Trust Long/Short Equity ETF | 1.59% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
FDLO vs. FTLS - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, which is greater than FTLS's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for FDLO and FTLS. For additional features, visit the drawdowns tool.
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Volatility
FDLO vs. FTLS - Volatility Comparison
Fidelity Low Volatility Factor ETF (FDLO) has a higher volatility of 4.92% compared to First Trust Long/Short Equity ETF (FTLS) at 3.69%. This indicates that FDLO's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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