FFLG vs. FNILX
Compare and contrast key facts about Fidelity Fundamental Large Cap Growth ETF (FFLG) and Fidelity ZERO Large Cap Index Fund (FNILX).
FFLG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLG or FNILX.
Key characteristics
| FFLG | FNILX | |
|---|---|---|
| YTD Return | 17.98% | 11.87% |
| 1Y Return | 49.55% | 32.04% |
| 3Y Return (Ann) | 6.08% | 9.80% |
| Sharpe Ratio | 2.69 | 2.64 |
| Daily Std Dev | 18.24% | 11.79% |
| Max Drawdown | -45.35% | -33.75% |
| Current Drawdown | -0.89% | 0.00% |
Correlation
The correlation between FFLG and FNILX is 0.90, 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
FFLG vs. FNILX - Performance Comparison
In the year-to-date period, FFLG achieves a 17.98% return, which is significantly higher than FNILX's 11.87% 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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FFLG vs. FNILX - Expense Ratio Comparison
FFLG has a 0.38% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
FFLG vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Growth ETF (FFLG) 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.
Dividends
FFLG vs. FNILX - Dividend Comparison
FFLG has not paid dividends to shareholders, while FNILX's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FFLG Fidelity Fundamental Large Cap Growth ETF | 0.00% | 0.00% | 1.50% | 0.54% | 0.00% | 0.00% | 0.00% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.20% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Drawdowns
FFLG vs. FNILX - Drawdown Comparison
The maximum FFLG drawdown since its inception was -45.35%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FFLG and FNILX. For additional features, visit the drawdowns tool.
Volatility
FFLG vs. FNILX - Volatility Comparison
Fidelity Fundamental Large Cap Growth ETF (FFLG) has a higher volatility of 6.30% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.55%. This indicates that FFLG's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.