FDLO vs. VGT
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Vanguard Information Technology ETF (VGT).
FDLO and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both FDLO and VGT 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 VGT.
Performance
FDLO vs. VGT - Performance Comparison
Returns By Period
In the year-to-date period, FDLO achieves a 16.63% return, which is significantly lower than VGT's 25.23% return.
FDLO
16.63%
-1.83%
8.90%
21.45%
11.72%
N/A
VGT
25.23%
0.64%
13.55%
33.20%
21.96%
20.52%
Key characteristics
| FDLO | VGT | |
|---|---|---|
| Sharpe Ratio | 2.44 | 1.60 |
| Sortino Ratio | 3.31 | 2.11 |
| Omega Ratio | 1.45 | 1.29 |
| Calmar Ratio | 4.77 | 2.20 |
| Martin Ratio | 15.76 | 7.92 |
| Ulcer Index | 1.36% | 4.23% |
| Daily Std Dev | 8.80% | 20.99% |
| Max Drawdown | -34.35% | -54.63% |
| Current Drawdown | -2.15% | -3.62% |
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FDLO vs. VGT - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is higher than VGT's 0.10% expense ratio.
Correlation
The correlation between FDLO and VGT is 0.78, 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. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.28%, more than VGT's 0.62% 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% |
VGT Vanguard Information Technology ETF | 0.62% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
FDLO vs. VGT - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FDLO and VGT. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. VGT - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 3.05%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.53%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.