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FELV vs. FNILX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FELVFNILX
YTD Return21.21%26.94%
Daily Std Dev10.69%12.54%
Max Drawdown-5.34%-33.75%
Current Drawdown-0.19%0.00%

Correlation

-0.50.00.51.00.7

The correlation between FELV and FNILX is 0.74, 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

FELV vs. FNILX - Performance Comparison

In the year-to-date period, FELV achieves a 21.21% return, which is significantly lower than FNILX's 26.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.39%
15.62%
FELV
FNILX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FELV vs. FNILX - Expense Ratio Comparison

FELV has a 0.18% expense ratio, which is higher than FNILX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FELV
Fidelity Enhanced Large Cap Value ETF
Expense ratio chart for FELV: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%
Expense ratio chart for FNILX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FELV vs. FNILX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.


FELV
Sharpe ratio
No data
FNILX
Sharpe ratio
The chart of Sharpe ratio for FNILX, currently valued at 3.11, compared to the broader market-2.000.002.004.006.003.11
Sortino ratio
The chart of Sortino ratio for FNILX, currently valued at 4.12, compared to the broader market-2.000.002.004.006.008.0010.0012.004.12
Omega ratio
The chart of Omega ratio for FNILX, currently valued at 1.58, compared to the broader market1.001.502.002.503.001.58
Calmar ratio
The chart of Calmar ratio for FNILX, currently valued at 4.52, compared to the broader market0.005.0010.0015.004.52
Martin ratio
The chart of Martin ratio for FNILX, currently valued at 20.59, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.59

FELV vs. FNILX - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

FELV vs. FNILX - Dividend Comparison

FELV's dividend yield for the trailing twelve months is around 1.51%, more than FNILX's 1.06% yield.


TTM202320222021202020192018
FELV
Fidelity Enhanced Large Cap Value ETF
1.51%0.04%0.00%0.00%0.00%0.00%0.00%
FNILX
Fidelity ZERO Large Cap Index Fund
1.06%1.34%1.53%0.95%1.20%1.17%0.41%

Drawdowns

FELV vs. FNILX - Drawdown Comparison

The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FELV and FNILX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.19%
0
FELV
FNILX

Volatility

FELV vs. FNILX - Volatility Comparison

Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity ZERO Large Cap Index Fund (FNILX) have volatilities of 3.80% and 3.98%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.80%
3.98%
FELV
FNILX