FDLO vs. SLYV
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and SPDR S&P 600 Small Cap Value ETF (SLYV).
FDLO and SLYV 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. SLYV is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 29, 2000. Both FDLO and SLYV 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 SLYV.
Key characteristics
| FDLO | SLYV | |
|---|---|---|
| YTD Return | 3.18% | -5.29% |
| 1Y Return | 13.91% | 9.53% |
| 3Y Return (Ann) | 7.16% | -0.35% |
| 5Y Return (Ann) | 10.99% | 6.61% |
| Sharpe Ratio | 1.75 | 0.54 |
| Daily Std Dev | 9.12% | 21.23% |
| Max Drawdown | -34.35% | -61.32% |
| Current Drawdown | -3.11% | -8.42% |
Correlation
The correlation between FDLO and SLYV is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDLO vs. SLYV - Performance Comparison
In the year-to-date period, FDLO achieves a 3.18% return, which is significantly higher than SLYV's -5.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDLO vs. SLYV - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is higher than SLYV's 0.15% expense ratio.
Risk-Adjusted Performance
FDLO vs. SLYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and SPDR S&P 600 Small Cap Value ETF (SLYV). 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. SLYV - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.35%, less than SLYV's 2.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.35% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% | 0.00% | 0.00% |
SLYV SPDR S&P 600 Small Cap Value ETF | 2.30% | 2.11% | 1.47% | 1.94% | 1.40% | 1.66% | 2.14% | 5.53% | 2.18% | 6.55% | 7.50% | 1.58% |
Drawdowns
FDLO vs. SLYV - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum SLYV drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for FDLO and SLYV. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. SLYV - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 2.28%, while SPDR S&P 600 Small Cap Value ETF (SLYV) has a volatility of 5.78%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than SLYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.