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.
Performance
FDRR vs. FDLO - Performance Comparison
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FDRR vs. FDLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | -2.57% | 21.70% | 20.24% | 13.66% | -9.73% | 26.06% | 8.23% | 26.86% | -3.60% | 19.29% |
FDLO Fidelity Low Volatility Factor ETF | -2.35% | 11.77% | 16.06% | 16.38% | -10.38% | 24.00% | 12.19% | 31.10% | -0.26% | 20.44% |
Returns By Period
In the year-to-date period, FDRR achieves a -2.57% return, which is significantly lower than FDLO's -2.35% return.
FDRR
- 1D
- 0.50%
- 1M
- -4.08%
- YTD
- -2.57%
- 6M
- 1.18%
- 1Y
- 21.22%
- 3Y*
- 16.31%
- 5Y*
- 10.76%
- 10Y*
- —
FDLO
- 1D
- 0.48%
- 1M
- -4.39%
- YTD
- -2.35%
- 6M
- -0.81%
- 1Y
- 8.58%
- 3Y*
- 12.59%
- 5Y*
- 9.51%
- 10Y*
- —
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FDRR vs. FDLO - Expense Ratio Comparison
Both FDRR and FDLO have an expense ratio of 0.29%.
Return for Risk
FDRR vs. FDLO — Risk / Return Rank
FDRR
FDLO
FDRR vs. FDLO - Risk-Adjusted Trends 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.
| FDRR | FDLO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.63 | +0.60 |
Sortino ratioReturn per unit of downside risk | 1.84 | 0.99 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.82 | +0.87 |
Martin ratioReturn relative to average drawdown | 7.80 | 3.92 | +3.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDRR | FDLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.63 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.73 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.78 | -0.05 |
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.
Dividends
FDRR vs. FDLO - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.37%, more than FDLO's 1.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 2.37% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
FDLO Fidelity Low Volatility Factor ETF | 1.46% | 1.37% | 1.40% | 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.
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Drawdown Indicators
| FDRR | FDLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -34.35% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -10.53% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -19.23% | -1.69% |
Current DrawdownCurrent decline from peak | -5.72% | -5.06% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -3.42% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.21% | +0.51% |
Volatility
FDRR vs. FDLO - Volatility Comparison
Fidelity Dividend ETF for Rising Rates (FDRR) has a higher volatility of 4.76% compared to Fidelity Low Volatility Factor ETF (FDLO) at 3.48%. This indicates that FDRR's price experiences larger fluctuations and is considered to be riskier than FDLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDRR | FDLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 3.48% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 6.73% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 13.61% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 13.12% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 15.60% | +1.36% |