FDWM vs. FDRR
Compare and contrast key facts about Fidelity Women's Leadership ETF (FDWM) and Fidelity Dividend ETF for Rising Rates (FDRR).
FDWM and FDRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDWM is a passively managed fund by Fidelity that tracks the performance of the Russell 3000. It was launched on Jun 15, 2021. 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. Both FDWM and FDRR 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: FDWM or FDRR.
Performance
FDWM vs. FDRR - Performance Comparison
Returns By Period
In the year-to-date period, FDWM achieves a 14.38% return, which is significantly lower than FDRR's 21.87% return.
FDWM
14.38%
0.20%
5.19%
23.55%
N/A
N/A
FDRR
21.87%
-0.39%
12.67%
29.82%
12.30%
N/A
Key characteristics
| FDWM | FDRR | |
|---|---|---|
| Sharpe Ratio | 1.72 | 2.61 |
| Sortino Ratio | 2.34 | 3.57 |
| Omega Ratio | 1.30 | 1.48 |
| Calmar Ratio | 2.08 | 3.85 |
| Martin Ratio | 9.31 | 17.01 |
| Ulcer Index | 2.47% | 1.73% |
| Daily Std Dev | 13.36% | 11.28% |
| Max Drawdown | -29.13% | -36.52% |
| Current Drawdown | -1.84% | -1.25% |
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FDWM vs. FDRR - Expense Ratio Comparison
FDWM has a 0.59% expense ratio, which is higher than FDRR's 0.29% expense ratio.
Correlation
The correlation between FDWM and FDRR is 0.91, 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
FDWM vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Women's Leadership ETF (FDWM) and Fidelity Dividend ETF for Rising Rates (FDRR). 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
FDWM vs. FDRR - Dividend Comparison
FDWM's dividend yield for the trailing twelve months is around 0.60%, less than FDRR's 2.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDWM Fidelity Women's Leadership ETF | 0.60% | 0.80% | 0.90% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.18% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Drawdowns
FDWM vs. FDRR - Drawdown Comparison
The maximum FDWM drawdown since its inception was -29.13%, smaller than the maximum FDRR drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FDWM and FDRR. For additional features, visit the drawdowns tool.
Volatility
FDWM vs. FDRR - Volatility Comparison
Fidelity Women's Leadership ETF (FDWM) has a higher volatility of 3.82% compared to Fidelity Dividend ETF for Rising Rates (FDRR) at 3.20%. This indicates that FDWM's price experiences larger fluctuations and is considered to be riskier than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.