FFLC vs. BRNY

Last updated Jun 5, 2026

FFLC (Fidelity Fundamental Large Cap Core ETF) and BRNY (Burney U.S. Factor Rotation ETF) are both exchange-traded funds - FFLC is a Large Cap Blend Equities fund actively managed by Fidelity, while BRNY is a fund fund actively managed by Alpha Architect. Both are actively managed. Over the past 3 years, FFLC returned 23.70%/yr vs 28.46%/yr for BRNY. Their correlation of 0.90 suggests significant overlap in exposure. FFLC charges 0.38%/yr vs 0.79%/yr for BRNY.

Performance

FFLC vs. BRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Core ETF (FFLC) and Burney U.S. Factor Rotation ETF (BRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFLC achieves a 11.16% return, which is significantly lower than BRNY's 14.34% return.

FFLC

• 1D: 0.82%
• 1M: 3.14%
• YTD: 11.16%
• 6M: 11.77%
• 1Y: 27.80%
• 3Y*: 23.70%
• 5Y*: 16.04%
• 10Y*: —

BRNY

• 1D: 0.74%
• 1M: 5.18%
• YTD: 14.34%
• 6M: 15.95%
• 1Y: 33.88%
• 3Y*: 28.46%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFLC vs. BRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FFLC Fidelity Fundamental Large Cap Core ETF	11.16%	17.67%	27.89%	25.07%	9.58%
BRNY Burney U.S. Factor Rotation ETF	14.34%	22.02%	28.84%	22.36%	8.91%

Correlation

The correlation between FFLC and BRNY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 17, 2022	0.90

The correlation between FFLC and BRNY has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

FFLC vs. BRNY - Sectors Allocation Comparison

Sectors	FFLC	BRNY
Technology	32.3%	30.6%
Communication Services	11.8%	10.3%
Financial Services	11.3%	16.6%
Consumer Cyclical	10.9%	10.7%
Industrials	10.8%	7.4%
Healthcare	8.1%	10.0%
Energy	4.8%	1.7%
Consumer Defensive	4.1%	1.4%
Utilities	2.6%	5.2%
Basic Materials	1.8%	5.1%
Real Estate	1.1%	1.0%

Return for Risk

FFLC vs. BRNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFLC

FFLC Risk / Return Rank: 65
FFLC Sharpe Ratio Rank: 67
FFLC Sortino Ratio Rank: 66
FFLC Omega Ratio Rank: 66
FFLC Calmar Ratio Rank: 58
FFLC Martin Ratio Rank: 70

BRNY

BRNY Risk / Return Rank: 77
BRNY Sharpe Ratio Rank: 79
BRNY Sortino Ratio Rank: 79
BRNY Omega Ratio Rank: 76
BRNY Calmar Ratio Rank: 74
BRNY Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFLC vs. BRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) and Burney U.S. Factor Rotation ETF (BRNY). 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.

	FFLC	BRNY	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.52	-0.34
Sortino ratio: Return per unit of downside risk	2.98	3.46	-0.47
Omega ratio: Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio: Return relative to maximum drawdown	2.80	3.64	-0.85
Martin ratio: Return relative to average drawdown	12.68	14.33	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFLC vs. BRNY - Sharpe Ratio Comparison

The current FFLC Sharpe Ratio is 2.18, which is comparable to the BRNY Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FFLC and BRNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFLC	BRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.52	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.62	-0.44

Drawdowns

FFLC vs. BRNY - Drawdown Comparison

The maximum FFLC drawdown since its inception was -19.72%, roughly equal to the maximum BRNY drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for FFLC and BRNY.

Drawdown Indicators

	FFLC	BRNY	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-19.14%	-0.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-9.34%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-19.14%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.99%	-2.77%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.37%	-0.17%

Volatility

FFLC vs. BRNY - Volatility Comparison

The current volatility for Fidelity Fundamental Large Cap Core ETF (FFLC) is 3.15%, while Burney U.S. Factor Rotation ETF (BRNY) has a volatility of 3.96%. This indicates that FFLC experiences smaller price fluctuations and is considered to be less risky than BRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLC	BRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.96%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	10.27%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.82%	13.49%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	16.92%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	16.92%	+0.72%

FFLC vs. BRNY - Expense Ratio Comparison

FFLC has a 0.38% expense ratio, which is lower than BRNY's 0.79% expense ratio.

Dividends

FFLC vs. BRNY - Dividend Comparison

FFLC's dividend yield for the trailing twelve months is around 0.99%, more than BRNY's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BRNY Burney U.S. Factor Rotation ETF	0.33%	0.30%	0.23%	0.68%	0.22%	0.00%	0.00%
FFLC Fidelity Fundamental Large Cap Core ETF	0.99%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%

Frequently Asked Questions

Can I hold both FFLC and BRNY in my portfolio?

With a correlation of 0.90, FFLC and BRNY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FFLC or BRNY?

BRNY has higher volatility (3.96%) compared to FFLC (3.15%). In terms of maximum drawdown, FFLC dropped -19.72% vs BRNY's -19.14%.

Which ETF is better, FFLC or BRNY?

On 3-year performance, BRNY leads with 28.46% vs 23.70% for FFLC. On fees, FFLC is cheaper at 0.38% per year. On volatility, FFLC has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFLC or BRNY?

Over the 3-year period, BRNY has performed better with a 28.46% return vs 23.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFLC or BRNY?

FFLC is cheaper with a 0.38% expense ratio, compared with 0.79% for BRNY.

Which ETF pays a higher dividend yield, FFLC or BRNY?

FFLC has the higher dividend yield at 0.99%, compared with 0.33% for BRNY.

What is the main difference between FFLC and BRNY?

They also come from different issuers: Fidelity and Alpha Architect. Their fees differ too: 0.38% for FFLC and 0.79% for BRNY.

Which has better risk-adjusted returns?

BRNY currently has the higher Sharpe Ratio (2.52 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.