FDRR vs. FDLO
Compare and contrast key facts about Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Low Volatility Factor ETF (FDLO).
FDRR and FDLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016. 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. Both FDRR and FDLO 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: FDRR or FDLO.
Key characteristics
| FDRR | FDLO | |
|---|---|---|
| YTD Return | 19.24% | 15.49% |
| 1Y Return | 30.63% | 22.81% |
| 3Y Return (Ann) | 8.36% | 7.57% |
| 5Y Return (Ann) | 12.02% | 12.03% |
| Sharpe Ratio | 3.01 | 2.93 |
| Sortino Ratio | 4.10 | 3.97 |
| Omega Ratio | 1.56 | 1.56 |
| Calmar Ratio | 4.02 | 5.73 |
| Martin Ratio | 20.21 | 19.36 |
| Ulcer Index | 1.71% | 1.33% |
| Daily Std Dev | 11.46% | 8.80% |
| Max Drawdown | -36.52% | -34.35% |
| Current Drawdown | -2.78% | -2.80% |
Correlation
The correlation between FDRR and FDLO is 0.87, 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
FDRR vs. FDLO - Performance Comparison
In the year-to-date period, FDRR achieves a 19.24% return, which is significantly higher than FDLO's 15.49% 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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FDRR vs. FDLO - Expense Ratio Comparison
Both FDRR and FDLO have an expense ratio of 0.29%.
Risk-Adjusted Performance
FDRR vs. FDLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Low Volatility Factor ETF (FDLO). 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
FDRR vs. FDLO - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.23%, more than FDLO's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 2.23% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
FDLO Fidelity Low Volatility Factor ETF | 1.30% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% |
Drawdowns
FDRR vs. FDLO - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, which is greater than FDLO's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for FDRR and FDLO. For additional features, visit the drawdowns tool.
Volatility
FDRR vs. FDLO - Volatility Comparison
Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Low Volatility Factor ETF (FDLO) have volatilities of 2.60% and 2.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.