FDLS vs. SOVF
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDLS or SOVF.
Key characteristics
| FDLS | SOVF | |
|---|---|---|
| YTD Return | 12.99% | 12.83% |
| 1Y Return | 24.14% | 24.82% |
| Sharpe Ratio | 1.71 | 1.92 |
| Sortino Ratio | 2.43 | 2.76 |
| Omega Ratio | 1.30 | 1.34 |
| Calmar Ratio | 3.30 | 3.74 |
| Martin Ratio | 10.12 | 9.47 |
| Ulcer Index | 2.84% | 3.07% |
| Daily Std Dev | 16.79% | 15.14% |
| Max Drawdown | -15.20% | -7.76% |
| Current Drawdown | -2.10% | -0.68% |
Correlation
The correlation between FDLS and SOVF is 0.88, 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
FDLS vs. SOVF - Performance Comparison
The year-to-date returns for both stocks are quite close, with FDLS having a 12.99% return and SOVF slightly lower at 12.83%. 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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FDLS vs. SOVF - Expense Ratio Comparison
FDLS has a 0.76% expense ratio, which is higher than SOVF's 0.75% expense ratio.
Risk-Adjusted Performance
FDLS vs. SOVF - Risk-Adjusted Performance 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.
Dividends
FDLS vs. SOVF - Dividend Comparison
FDLS's dividend yield for the trailing twelve months is around 1.06%, more than SOVF's 0.16% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FDLS Inspire Fidelis Multi Factor ETF | 1.06% | 0.97% | 0.31% |
SOVF Sovereign's Capital Flourish Fund | 0.16% | 0.18% | 0.00% |
Drawdowns
FDLS vs. SOVF - Drawdown Comparison
The maximum FDLS drawdown since its inception was -15.20%, which is greater than SOVF's maximum drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for FDLS and SOVF. For additional features, visit the drawdowns tool.
Volatility
FDLS vs. SOVF - Volatility Comparison
Inspire Fidelis Multi Factor ETF (FDLS) has a higher volatility of 5.81% compared to Sovereign's Capital Flourish Fund (SOVF) at 4.86%. 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.