FFLC vs. UPRO
Compare and contrast key facts about Fidelity Fundamental Large Cap Core ETF (FFLC) and ProShares UltraPro S&P 500 (UPRO).
FFLC and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLC or UPRO.
Performance
FFLC vs. UPRO - Performance Comparison
Returns By Period
In the year-to-date period, FFLC achieves a 28.90% return, which is significantly lower than UPRO's 64.91% return.
FFLC
28.90%
-0.90%
10.06%
36.23%
N/A
N/A
UPRO
64.91%
0.28%
26.14%
93.02%
23.82%
23.95%
Key characteristics
| FFLC | UPRO | |
|---|---|---|
| Sharpe Ratio | 2.76 | 2.57 |
| Sortino Ratio | 3.75 | 2.96 |
| Omega Ratio | 1.50 | 1.41 |
| Calmar Ratio | 4.07 | 2.40 |
| Martin Ratio | 19.47 | 15.45 |
| Ulcer Index | 1.87% | 6.05% |
| Daily Std Dev | 13.20% | 36.42% |
| Max Drawdown | -15.86% | -76.82% |
| Current Drawdown | -2.83% | -6.63% |
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FFLC vs. UPRO - Expense Ratio Comparison
FFLC has a 0.38% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Correlation
The correlation between FFLC and UPRO is 0.86, 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
FFLC vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) and ProShares UltraPro S&P 500 (UPRO). 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
FFLC vs. UPRO - Dividend Comparison
FFLC's dividend yield for the trailing twelve months is around 0.69%, less than UPRO's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | 0.69% | 0.57% | 1.67% | 1.68% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.76% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
FFLC vs. UPRO - Drawdown Comparison
The maximum FFLC drawdown since its inception was -15.86%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for FFLC and UPRO. For additional features, visit the drawdowns tool.
Volatility
FFLC vs. UPRO - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Core ETF (FFLC) is 4.18%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 12.26%. This indicates that FFLC experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.