FDLS vs. SOVF

Last updated Apr 1, 2026

Compare and contrast key facts about Inspire Fidelis Multi Factor ETF (FDLS) and Sovereign's Capital Flourish Fund (SOVF).

FDLS and SOVF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDLS is a passively managed fund by Inspire that tracks the performance of the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. It was launched on Aug 23, 2022. SOVF is an actively managed fund by Sovereign's. It was launched on Oct 2, 2023.

Performance

FDLS vs. SOVF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Fidelis Multi Factor ETF (FDLS) and Sovereign's Capital Flourish Fund (SOVF). The values are adjusted to include any dividend payments, if applicable.

FDLS vs. SOVF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDLS Inspire Fidelis Multi Factor ETF	3.62%	22.47%	7.41%	13.79%
SOVF Sovereign's Capital Flourish Fund	-8.12%	-4.38%	8.67%	16.18%

Returns By Period

In the year-to-date period, FDLS achieves a 3.62% return, which is significantly higher than SOVF's -8.12% return.

FDLS

• 1D: 2.61%
• 1M: -5.60%
• YTD: 3.62%
• 6M: 6.33%
• 1Y: 32.55%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —

SOVF

• 1D: 0.79%
• 1M: -5.40%
• YTD: -8.12%
• 6M: -10.79%
• 1Y: -9.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDLS vs. SOVF - Expense Ratio Comparison

FDLS has a 0.76% expense ratio, which is higher than SOVF's 0.75% expense ratio.

FDLS

Inspire Fidelis Multi Factor ETF

SOVF

Sovereign's Capital Flourish Fund

Return for Risk

FDLS vs. SOVF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDLS

FDLS Risk / Return Rank: 82
FDLS Sharpe Ratio Rank: 81
FDLS Sortino Ratio Rank: 81
FDLS Omega Ratio Rank: 79
FDLS Calmar Ratio Rank: 82
FDLS Martin Ratio Rank: 86

SOVF

SOVF Risk / Return Rank: 3
SOVF Sharpe Ratio Rank: 4
SOVF Sortino Ratio Rank: 4
SOVF Omega Ratio Rank: 4
SOVF Calmar Ratio Rank: 3
SOVF Martin Ratio Rank: 2

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.

FDLS vs. SOVF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Fidelis Multi Factor ETF (FDLS) and Sovereign's Capital Flourish Fund (SOVF). 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.

	FDLS	SOVF	Difference
Sharpe ratio Return per unit of total volatility	1.51	-0.45	+1.97
Sortino ratio Return per unit of downside risk	2.10	-0.54	+2.64
Omega ratio Gain probability vs. loss probability	1.30	0.93	+0.37
Calmar ratio Return relative to maximum drawdown	2.32	-0.61	+2.93
Martin ratio Return relative to average drawdown	10.20	-1.40	+11.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDLS vs. SOVF - Sharpe Ratio Comparison

The current FDLS Sharpe Ratio is 1.51, which is higher than the SOVF Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of FDLS and SOVF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDLS	SOVF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	-0.45	+1.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.24	+0.50

Correlation

The correlation between FDLS and SOVF is 0.83, 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.

Dividends

FDLS vs. SOVF - Dividend Comparison

FDLS's dividend yield for the trailing twelve months is around 0.95%, more than SOVF's 0.84% yield.

	TTM	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	0.95%	0.86%	7.26%	0.97%	0.31%
SOVF Sovereign's Capital Flourish Fund	0.84%	0.77%	0.30%	0.18%	0.00%

Drawdowns

FDLS vs. SOVF - Drawdown Comparison

The maximum FDLS drawdown since its inception was -23.32%, which is greater than SOVF's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for FDLS and SOVF.

Drawdown Indicators

	FDLS	SOVF	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-21.74%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.05%	-14.46%	+0.41%
Current Drawdown Current decline from peak	-6.22%	-19.17%	+12.95%
Average Drawdown Average peak-to-trough decline	-4.00%	-6.77%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	6.26%	-3.06%

Volatility

FDLS vs. SOVF - Volatility Comparison

Inspire Fidelis Multi Factor ETF (FDLS) has a higher volatility of 7.42% compared to Sovereign's Capital Flourish Fund (SOVF) at 4.10%. This indicates that FDLS's price experiences larger fluctuations and is considered to be riskier than SOVF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDLS	SOVF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	4.10%	+3.32%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	10.65%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	20.05%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	17.54%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	17.54%	+1.70%