FDLO vs. FULVX
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Fidelity U.S. Low Volatility Equity Fund (FULVX).
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. FULVX is managed by Fidelity. It was launched on Nov 5, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDLO or FULVX.
Correlation
The correlation between FDLO and FULVX is 0.92, 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. FULVX - Performance Comparison
Key characteristics
FDLO:
1.81
FULVX:
1.41
FDLO:
2.41
FULVX:
1.95
FDLO:
1.34
FULVX:
1.25
FDLO:
3.38
FULVX:
1.24
FDLO:
9.80
FULVX:
5.00
FDLO:
1.70%
FULVX:
2.53%
FDLO:
9.19%
FULVX:
9.00%
FDLO:
-34.35%
FULVX:
-33.24%
FDLO:
-2.95%
FULVX:
-6.58%
Returns By Period
In the year-to-date period, FDLO achieves a 0.68% return, which is significantly lower than FULVX's 1.26% return.
FDLO
0.68%
0.78%
5.72%
15.78%
10.44%
N/A
FULVX
1.26%
-0.75%
3.50%
12.35%
3.39%
N/A
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FDLO vs. FULVX - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is lower than FULVX's 0.66% expense ratio.
Risk-Adjusted Performance
FDLO vs. FULVX — Risk-Adjusted Performance Rank
FDLO
FULVX
FDLO vs. FULVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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. FULVX - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.39%, more than FULVX's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.39% | 1.40% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% |
FULVX Fidelity U.S. Low Volatility Equity Fund | 0.57% | 0.58% | 1.10% | 1.22% | 0.63% | 0.62% | 0.28% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDLO vs. FULVX - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, roughly equal to the maximum FULVX drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for FDLO and FULVX. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. FULVX - Volatility Comparison
Fidelity Low Volatility Factor ETF (FDLO) and Fidelity U.S. Low Volatility Equity Fund (FULVX) have volatilities of 3.68% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.