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.
Key characteristics
| FELV | FZROX | |
|---|---|---|
| YTD Return | 22.00% | 26.41% |
| Daily Std Dev | 10.68% | 12.76% |
| Max Drawdown | -5.34% | -34.96% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
FELV vs. FZROX - Performance Comparison
In the year-to-date period, FELV achieves a 22.00% return, which is significantly lower than FZROX's 26.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
Not enough dataDividends
FELV vs. FZROX - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.50%, more than FZROX's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.50% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FZROX 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
The current volatility for Fidelity Enhanced Large Cap Value ETF (FELV) is 3.80%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.06%. This indicates that FELV experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.