FDLO vs. VOO
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Vanguard S&P 500 ETF (VOO).
FDLO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FDLO and VOO 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 VOO.
Key characteristics
| FDLO | VOO | |
|---|---|---|
| YTD Return | 3.18% | 7.31% |
| 1Y Return | 13.91% | 25.21% |
| 3Y Return (Ann) | 7.16% | 8.45% |
| 5Y Return (Ann) | 10.99% | 13.50% |
| Sharpe Ratio | 1.75 | 2.36 |
| Daily Std Dev | 9.12% | 11.75% |
| Max Drawdown | -34.35% | -33.99% |
| Current Drawdown | -3.11% | -2.94% |
Correlation
The correlation between FDLO and VOO is 0.93, 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. VOO - Performance Comparison
In the year-to-date period, FDLO achieves a 3.18% return, which is significantly lower than VOO's 7.31% 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. VOO - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FDLO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.35%, less than VOO's 1.37% 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% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FDLO vs. VOO - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDLO and VOO. For additional features, visit the drawdowns tool.
Volatility
FDLO vs. VOO - Volatility Comparison
The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 2.28%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.60%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.