PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FDLO vs. XQLT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDLO vs. XQLT.TO

Last updated Jun 9, 2026

FDLO (Fidelity Low Volatility Factor ETF) and XQLT.TO (iShares MSCI USA Quality Factor Index ETF) are both exchange-traded funds - FDLO is a Volatility Hedged Equity fund tracking the Fidelity U.S. Low Volatility Factor Index, while XQLT.TO is a Large Cap Growth Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, FDLO returned 9.84%/yr vs 11.40%/yr for XQLT.TO. A 0.53 correlation means they provide meaningful diversification when combined. FDLO charges 0.29%/yr vs 0.32%/yr for XQLT.TO.

Performance

FDLO vs. XQLT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Volatility Factor ETF (FDLO) and iShares MSCI USA Quality Factor Index ETF (XQLT.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

FDLO is traded in USD, while XQLT.TO is traded in CAD. To make them comparable, the XQLT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FDLO achieves a 3.88% return, which is significantly lower than XQLT.TO's 7.62% return.

FDLO

1D
-0.68%
1M
0.03%
YTD
3.88%
6M
3.86%
1Y
13.32%
3Y*
13.93%
5Y*
9.84%
10Y*
—

XQLT.TO

1D
0.20%
1M
1.74%
YTD
7.62%
6M
7.86%
1Y
19.06%
3Y*
19.12%
5Y*
11.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDLO vs. XQLT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FDLO
Fidelity Low Volatility Factor ETF		3.88%11.77%16.06%16.38%-10.38%24.00%12.19%5.55%
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		7.62%12.21%22.03%31.20%-22.09%27.96%14.32%10.82%

Correlation

The correlation between FDLO and XQLT.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2019

0.53

The correlation between FDLO and XQLT.TO shifts across timeframes, from 0.53 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.

FDLO vs. XQLT.TO - Sectors Allocation Comparison

Sectors
FDLO
XQLT.TO

Technology

33.8%
37.0%

Financial Services

12.1%
11.8%

Communication Services

10.8%
11.0%

Consumer Cyclical

10.1%
9.3%

Healthcare

9.7%
8.8%

Industrials

9.2%
7.9%

Consumer Defensive

4.7%
4.9%

Energy

3.2%
4.0%

Utilities

2.3%
1.8%

Real Estate

2.2%
1.8%

Basic Materials

1.7%
1.7%

Technology

FDLO
33.8%
XQLT.TO
37.0%

Financial Services

FDLO
12.1%
XQLT.TO
11.8%

Communication Services

FDLO
10.8%
XQLT.TO
11.0%

Consumer Cyclical

FDLO
10.1%
XQLT.TO
9.3%

Healthcare

FDLO
9.7%
XQLT.TO
8.8%

Industrials

FDLO
9.2%
XQLT.TO
7.9%

Consumer Defensive

FDLO
4.7%
XQLT.TO
4.9%

Energy

FDLO
3.2%
XQLT.TO
4.0%

Utilities

FDLO
2.3%
XQLT.TO
1.8%

Real Estate

FDLO
2.2%
XQLT.TO
1.8%

Basic Materials

FDLO
1.7%
XQLT.TO
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Low Volatility Factor ETF

iShares MSCI USA Quality Factor Index ETF

Often compared with FDLO:
FDLO vs. FDVVFDLO vs. FULVXFDLO vs. VOOFDLO vs. FDRRFDLO vs. SCHDFDLO vs. FMILFDLO vs. FTLS
Often compared with XQLT.TO:
XQLT.TO vs. XVLU.TOXQLT.TO vs. HYLD.TOXQLT.TO vs. VOOXQLT.TO vs. SPYXQLT.TO vs. VFV.TOXQLT.TO vs. ZSP.TOXQLT.TO vs. XGRO.TO

Return for Risk

FDLO vs. XQLT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDLO
FDLO Risk / Return Rank: 4848
Overall Rank
FDLO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
FDLO Sortino Ratio Rank: 4949
Sortino Ratio Rank
FDLO Omega Ratio Rank: 4747
Omega Ratio Rank
FDLO Calmar Ratio Rank: 4242
Calmar Ratio Rank
FDLO Martin Ratio Rank: 5252
Martin Ratio Rank
XQLT.TO
XQLT.TO Risk / Return Rank: 6060
Overall Rank
XQLT.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XQLT.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
XQLT.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XQLT.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XQLT.TO Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDLO vs. XQLT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and iShares MSCI USA Quality Factor Index ETF (XQLT.TO). 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.

FDLOXQLT.TODifference
Sharpe ratioReturn per unit of total volatility
1.52
1.49

+0.03

Sortino ratioReturn per unit of downside risk
2.18
2.16

+0.01

Omega ratioGain probability vs. loss probability

1.27

1.27

0.00

Calmar ratioReturn relative to maximum drawdown

1.87

2.20

-0.32

Martin ratioReturn relative to average drawdown

8.13

9.59

-1.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDLO vs. XQLT.TO - Sharpe Ratio Comparison

The current FDLO Sharpe Ratio is 1.52, which is comparable to the XQLT.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of FDLO and XQLT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

FDLOXQLT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

1.49

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.68

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.79

+0.03

Drawdowns

FDLO vs. XQLT.TO - Drawdown Comparison

The maximum FDLO drawdown since its inception was -34.35%, which is greater than XQLT.TO's maximum drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for FDLO and XQLT.TO.

Loading charts...

Drawdown Indicators

FDLOXQLT.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.35%

-30.79%

-3.56%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-8.71%

+1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-13.68%

-18.76%

+5.08%

Max Drawdown (5Y)

Largest decline over 5 years

-19.23%

-29.57%

+10.34%

Current Drawdown

Current decline from peak

-1.97%

-2.60%

+0.63%

Average Drawdown

Average peak-to-trough decline

-3.38%

-6.15%

+2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

1.99%

-0.35%

Volatility

FDLO vs. XQLT.TO - Volatility Comparison

The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 2.17%, while iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a volatility of 4.08%. This indicates that FDLO experiences smaller price fluctuations and is considered to be less risky than XQLT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FDLOXQLT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.17%

4.08%

-1.91%

Volatility (6M)

Calculated over the trailing 6-month period

6.50%

9.97%

-3.47%

Volatility (1Y)

Calculated over the trailing 1-year period

8.80%

12.84%

-4.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.07%

16.91%

-3.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.50%

18.00%

-2.50%

FDLO vs. XQLT.TO - Expense Ratio Comparison

FDLO has a 0.29% expense ratio, which is lower than XQLT.TO's 0.32% expense ratio.

Dividends

FDLO vs. XQLT.TO - Dividend Comparison

FDLO's dividend yield for the trailing twelve months is around 1.38%, more than XQLT.TO's 0.64% yield.

PositionTTM2025202420232022202120202019201820172016
FDLO
Fidelity Low Volatility Factor ETF		1.38%1.37%1.40%1.35%1.49%1.11%1.38%1.55%1.76%1.61%0.55%
XQLT.TO
iShares MSCI USA Quality Factor Index ETF		0.64%0.69%0.72%0.94%1.21%0.87%1.11%1.23%0.00%0.00%0.00%

Frequently Asked Questions

FDLO and XQLT.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FDLO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FDLO is cheaper with a 0.29% expense ratio, compared with 0.32% for XQLT.TO.

FDLO is categorized as Volatility Hedged Equity, while XQLT.TO is Large Cap Growth Equities. FDLO tracks Fidelity U.S. Low Volatility Factor Index, while XQLT.TO tracks MSCI USA Sector Neutral Quality Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.29% for FDLO and 0.32% for XQLT.TO.

Portfolio Optimizer

Find the right allocation for FDLO and XQLT.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer