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FDRR vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FDRR vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
13.92%
13.28%
FDRR
FXAIX

Returns By Period

In the year-to-date period, FDRR achieves a 23.57% return, which is significantly lower than FXAIX's 26.70% return.


FDRR

YTD

23.57%

1M

1.87%

6M

13.92%

1Y

31.25%

5Y (annualized)

12.59%

10Y (annualized)

N/A

FXAIX

YTD

26.70%

1M

3.09%

6M

13.28%

1Y

32.84%

5Y (annualized)

15.78%

10Y (annualized)

13.12%

Key characteristics


FDRRFXAIX
Sharpe Ratio2.762.68
Sortino Ratio3.773.58
Omega Ratio1.511.50
Calmar Ratio4.083.89
Martin Ratio18.0517.48
Ulcer Index1.73%1.88%
Daily Std Dev11.31%12.24%
Max Drawdown-36.52%-33.79%
Current Drawdown0.00%-0.46%

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FDRR vs. FXAIX - Expense Ratio Comparison

FDRR has a 0.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


FDRR
Fidelity Dividend ETF for Rising Rates
Expense ratio chart for FDRR: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Correlation

-0.50.00.51.00.9

The correlation between FDRR and FXAIX is 0.93, 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.

Risk-Adjusted Performance

FDRR vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity 500 Index Fund (FXAIX). 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.


Sharpe ratio
The chart of Sharpe ratio for FDRR, currently valued at 2.76, compared to the broader market0.002.004.002.762.68
The chart of Sortino ratio for FDRR, currently valued at 3.77, compared to the broader market-2.000.002.004.006.008.0010.0012.003.773.58
The chart of Omega ratio for FDRR, currently valued at 1.51, compared to the broader market0.501.001.502.002.503.001.511.50
The chart of Calmar ratio for FDRR, currently valued at 4.08, compared to the broader market0.005.0010.0015.0020.004.083.89
The chart of Martin ratio for FDRR, currently valued at 18.05, compared to the broader market0.0020.0040.0060.0080.00100.0018.0517.48
FDRR
FXAIX

The current FDRR Sharpe Ratio is 2.76, which is comparable to the FXAIX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FDRR and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.76
2.68
FDRR
FXAIX

Dividends

FDRR vs. FXAIX - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.15%, more than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
FDRR
Fidelity Dividend ETF for Rising Rates
2.15%2.93%2.75%2.09%2.85%2.89%3.20%2.89%0.61%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.21%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FDRR vs. FXAIX - Drawdown Comparison

The maximum FDRR drawdown since its inception was -36.52%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FDRR and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.46%
FDRR
FXAIX

Volatility

FDRR vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.25%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.96%. This indicates that FDRR experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.25%
3.96%
FDRR
FXAIX