FELV vs. FZROX
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity ZERO Total Market Index Fund (FZROX).
FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FELV or FZROX.
Performance
FELV vs. FZROX - Performance Comparison
Returns By Period
In the year-to-date period, FELV achieves a 23.25% return, which is significantly lower than FZROX's 26.41% return.
FELV
23.25%
4.51%
14.53%
31.37%
N/A
N/A
FZROX
26.41%
4.01%
14.00%
33.79%
15.33%
N/A
Key characteristics
FELV | FZROX | |
---|---|---|
Sharpe Ratio | 2.96 | 2.69 |
Sortino Ratio | 4.15 | 3.57 |
Omega Ratio | 1.54 | 1.49 |
Calmar Ratio | 5.94 | 3.94 |
Martin Ratio | 17.94 | 17.13 |
Ulcer Index | 1.77% | 1.97% |
Daily Std Dev | 10.74% | 12.58% |
Max Drawdown | -5.34% | -34.96% |
Current Drawdown | 0.00% | -0.28% |
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FELV vs. FZROX - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is higher than FZROX'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%.
Correlation
The correlation between FELV and FZROX is 0.78, 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. FZROX - 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 Total Market Index Fund (FZROX). 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
FELV vs. FZROX - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.48%, more than FZROX's 1.08% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|---|---|
Fidelity Enhanced Large Cap Value ETF | 1.48% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fidelity ZERO Total Market Index Fund | 1.08% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% |
Drawdowns
FELV vs. FZROX - Drawdown Comparison
The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FELV and FZROX. For additional features, visit the drawdowns tool.
Volatility
FELV vs. FZROX - Volatility Comparison
Fidelity Enhanced Large Cap Value ETF (FELV) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 4.03% and 4.19%, 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.