FDLS vs. YALL

Last updated Jun 6, 2026

FDLS (Inspire Fidelis Multi Factor ETF) and YALL (God Bless America ETF) are both exchange-traded funds - FDLS is a Mid Cap Blend Equities fund tracking the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross, while YALL is a Large Cap Blend Equities fund actively managed by Tidal ETFs. FDLS is passively managed, while YALL is actively managed. Over the past 3 years, FDLS returned 18.51%/yr vs 20.44%/yr for YALL. A 0.77 correlation means they provide meaningful diversification when combined. FDLS charges 0.76%/yr vs 0.65%/yr for YALL.

Performance

FDLS vs. YALL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Fidelis Multi Factor ETF (FDLS) and God Bless America ETF (YALL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDLS achieves a 11.53% return, which is significantly higher than YALL's -2.36% return.

FDLS

• 1D: -2.33%
• 1M: -4.03%
• YTD: 11.53%
• 6M: 11.76%
• 1Y: 31.78%
• 3Y*: 18.51%
• 5Y*: —
• 10Y*: —

YALL

• 1D: -2.04%
• 1M: -3.85%
• YTD: -2.36%
• 6M: -3.67%
• 1Y: 6.17%
• 3Y*: 20.44%
• 5Y*: —
• 10Y*: —

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

FDLS vs. YALL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	11.53%	22.47%	7.41%	20.70%	8.26%
YALL God Bless America ETF	-2.36%	14.36%	29.99%	40.74%	8.62%

Correlation

The correlation between FDLS and YALL is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.77

The correlation between FDLS and YALL has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

FDLS vs. YALL - Sectors Allocation Comparison

Sectors	FDLS	YALL
Technology	25.7%	21.8%
Industrials	18.8%	13.4%
Financial Services	14.3%	13.0%
Healthcare	11.7%	10.2%
Energy	7.1%	5.0%
Basic Materials	5.0%	5.3%
Consumer Defensive	4.9%	10.2%
Consumer Cyclical	4.4%	8.1%
Communication Services	3.3%	7.7%
Real Estate	2.1%	2.3%
Utilities	1.7%	3.0%

Return for Risk

FDLS vs. YALL — Risk / Return Rank

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

FDLS

FDLS Risk / Return Rank: 64
FDLS Sharpe Ratio Rank: 59
FDLS Sortino Ratio Rank: 60
FDLS Omega Ratio Rank: 57
FDLS Calmar Ratio Rank: 70
FDLS Martin Ratio Rank: 74

YALL

YALL Risk / Return Rank: 17
YALL Sharpe Ratio Rank: 17
YALL Sortino Ratio Rank: 16
YALL Omega Ratio Rank: 16
YALL Calmar Ratio Rank: 18
YALL Martin Ratio Rank: 19

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. YALL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Fidelis Multi Factor ETF (FDLS) and God Bless America ETF (YALL). 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	YALL	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.45	+1.44
Sortino ratio: Return per unit of downside risk	2.68	0.71	+1.96
Omega ratio: Gain probability vs. loss probability	1.33	1.09	+0.25
Calmar ratio: Return relative to maximum drawdown	3.34	0.66	+2.69
Martin ratio: Return relative to average drawdown	13.34	1.91	+11.43
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. YALL - Sharpe Ratio Comparison

The current FDLS Sharpe Ratio is 1.89, which is higher than the YALL Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FDLS and YALL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDLS	YALL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	0.45	+1.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.40	-0.57

Drawdowns

FDLS vs. YALL - Drawdown Comparison

The maximum FDLS drawdown since its inception was -23.32%, which is greater than YALL's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FDLS and YALL.

Drawdown Indicators

	FDLS	YALL	Difference
Max Drawdown Largest peak-to-trough decline	-23.32%	-19.72%	-3.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-9.42%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.32%	-19.72%	-3.60%
Current Drawdown Current decline from peak	-4.03%	-6.73%	+2.70%
Average Drawdown Average peak-to-trough decline	-3.88%	-2.94%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	3.24%	-0.85%

Volatility

FDLS vs. YALL - Volatility Comparison

Inspire Fidelis Multi Factor ETF (FDLS) has a higher volatility of 4.83% compared to God Bless America ETF (YALL) at 3.78%. This indicates that FDLS's price experiences larger fluctuations and is considered to be riskier than YALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDLS	YALL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	3.78%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	9.94%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	13.84%	+3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.10%	17.50%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	17.50%	+1.60%

FDLS vs. YALL - Expense Ratio Comparison

FDLS has a 0.76% expense ratio, which is higher than YALL's 0.65% expense ratio.

Dividends

FDLS vs. YALL - Dividend Comparison

FDLS's dividend yield for the trailing twelve months is around 0.88%, more than YALL's 0.51% yield.

Position	TTM	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	0.88%	0.86%	7.26%	0.97%	0.31%
YALL God Bless America ETF	0.51%	0.49%	0.50%	3.51%	0.19%

Frequently Asked Questions

Can I hold both FDLS and YALL in my portfolio?

FDLS and YALL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDLS or YALL?

FDLS has higher volatility (4.83%) compared to YALL (3.78%). In terms of maximum drawdown, FDLS dropped -23.32% vs YALL's -19.72%.

Which ETF is better, FDLS or YALL?

On 3-year performance, YALL leads with 20.44% vs 18.51% for FDLS. On fees, YALL is cheaper at 0.65% per year. On volatility, YALL has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDLS or YALL?

Over the 3-year period, YALL has performed better with a 20.44% return vs 18.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDLS or YALL?

YALL is cheaper with a 0.65% expense ratio, compared with 0.76% for FDLS.

Which ETF pays a higher dividend yield, FDLS or YALL?

FDLS has the higher dividend yield at 0.88%, compared with 0.51% for YALL.

What is the main difference between FDLS and YALL?

FDLS is categorized as Mid Cap Blend Equities, while YALL is Large Cap Blend Equities. They also come from different issuers: Inspire and Tidal ETFs. Their fees differ too: 0.76% for FDLS and 0.65% for YALL.

Which has better risk-adjusted returns?

FDLS currently has the higher Sharpe Ratio (1.89 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.