PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FELV vs. FNILX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FELV vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
11.05%
12.62%
FELV
FNILX

Returns By Period

In the year-to-date period, FELV achieves a 20.47% return, which is significantly lower than FNILX's 26.05% return.


FELV

YTD

20.47%

1M

1.45%

6M

11.05%

1Y

29.24%

5Y (annualized)

N/A

10Y (annualized)

N/A

FNILX

YTD

26.05%

1M

1.53%

6M

12.62%

1Y

32.89%

5Y (annualized)

15.70%

10Y (annualized)

N/A

Key characteristics


FELVFNILX
Sortino Ratio3.853.51
Omega Ratio1.501.49
Ulcer Index1.77%1.90%
Daily Std Dev10.63%12.39%
Max Drawdown-5.34%-33.75%
Current Drawdown-1.93%-1.26%

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%

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.

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.


Sharpe ratio
No data
The chart of Sortino ratio for FELV, currently valued at 3.85, compared to the broader market-2.000.002.004.006.008.0010.0012.003.853.51
The chart of Omega ratio for FELV, currently valued at 1.50, compared to the broader market0.501.001.502.002.503.001.501.49
FELV
FNILX

Chart placeholderNot enough data

Dividends

FELV vs. FNILX - Dividend Comparison

FELV's dividend yield for the trailing twelve months is around 1.52%, more than FNILX's 1.06% yield.


TTM202320222021202020192018
FELV
Fidelity Enhanced Large Cap Value ETF
1.52%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
-1.93%
-1.26%
FELV
FNILX

Volatility

FELV vs. FNILX - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Value ETF (FELV) is 3.78%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.14%. This indicates that FELV experiences smaller price fluctuations and is considered to be less risky than FNILX 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
3.78%
4.14%
FELV
FNILX