FDLO vs. SCHD
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Schwab US Dividend Equity ETF (SCHD).
FDLO and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both FDLO and SCHD 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 SCHD.
Performance
FDLO vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, FDLO achieves a 17.17% return, which is significantly higher than SCHD's 16.26% return.
FDLO
17.17%
-0.92%
9.40%
21.20%
11.91%
N/A
SCHD
16.26%
0.84%
10.89%
25.41%
12.67%
11.40%
Key characteristics
| FDLO | SCHD | |
|---|---|---|
| Sharpe Ratio | 2.41 | 2.27 |
| Sortino Ratio | 3.27 | 3.27 |
| Omega Ratio | 1.45 | 1.40 |
| Calmar Ratio | 4.70 | 3.34 |
| Martin Ratio | 15.39 | 12.25 |
| Ulcer Index | 1.38% | 2.05% |
| Daily Std Dev | 8.78% | 11.06% |
| Max Drawdown | -34.35% | -33.37% |
| Current Drawdown | -1.70% | -1.54% |
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FDLO vs. SCHD - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between FDLO and SCHD is 0.81, 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. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.28%, less than SCHD's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.28% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.40% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FDLO vs. SCHD - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FDLO and SCHD. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. SCHD - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 3.02%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.39%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.