Correlation
The correlation between FDRV and VIS is 0.85, 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.
FDRV vs. VIS
Compare and contrast key facts about Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Vanguard Industrials ETF (VIS).
FDRV and VIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDRV is an actively managed fund by Fidelity. It was launched on Oct 5, 2021. VIS is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Industrials 25/50 Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRV or VIS.
Performance
FDRV vs. VIS - Performance Comparison
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Key characteristics
FDRV:
-0.05
VIS:
0.76
FDRV:
0.13
VIS:
1.16
FDRV:
1.02
VIS:
1.15
FDRV:
-0.03
VIS:
0.73
FDRV:
-0.23
VIS:
2.45
FDRV:
9.35%
VIS:
6.09%
FDRV:
32.10%
VIS:
20.91%
FDRV:
-63.89%
VIS:
-63.51%
FDRV:
-53.52%
VIS:
-2.68%
Returns By Period
In the year-to-date period, FDRV achieves a 4.45% return, which is significantly lower than VIS's 6.22% return.
FDRV
4.45%
8.16%
0.83%
-1.42%
-11.48%
N/A
N/A
VIS
6.22%
7.91%
-2.68%
14.34%
16.68%
17.76%
11.47%
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FDRV vs. VIS - Expense Ratio Comparison
FDRV has a 0.39% expense ratio, which is higher than VIS's 0.10% expense ratio.
Risk-Adjusted Performance
FDRV vs. VIS — Risk-Adjusted Performance Rank
FDRV
VIS
FDRV vs. VIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Vanguard Industrials ETF (VIS). 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.
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Dividends
FDRV vs. VIS - Dividend Comparison
FDRV's dividend yield for the trailing twelve months is around 0.52%, less than VIS's 1.22% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRV Fidelity Electric Vehicles and Future Transportation ETF | 0.52% | 0.43% | 0.24% | 0.33% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIS Vanguard Industrials ETF | 1.22% | 1.23% | 1.36% | 1.52% | 1.11% | 1.38% | 1.69% | 1.91% | 1.60% | 1.81% | 1.94% | 1.57% |
Drawdowns
FDRV vs. VIS - Drawdown Comparison
The maximum FDRV drawdown since its inception was -63.89%, roughly equal to the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for FDRV and VIS.
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Volatility
FDRV vs. VIS - Volatility Comparison
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 8.18% compared to Vanguard Industrials ETF (VIS) at 5.13%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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