FFLG vs. UPRO
Compare and contrast key facts about Fidelity Fundamental Large Cap Growth ETF (FFLG) and ProShares UltraPro S&P 500 (UPRO).
FFLG and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. 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: FFLG or UPRO.
Key characteristics
| FFLG | UPRO | |
|---|---|---|
| YTD Return | 33.99% | 76.25% |
| 1Y Return | 50.62% | 129.67% |
| 3Y Return (Ann) | 4.97% | 10.27% |
| Sharpe Ratio | 2.57 | 3.36 |
| Sortino Ratio | 3.28 | 3.60 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 2.07 | 2.75 |
| Martin Ratio | 13.07 | 20.54 |
| Ulcer Index | 3.76% | 6.03% |
| Daily Std Dev | 19.18% | 36.85% |
| Max Drawdown | -44.52% | -76.82% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFLG and UPRO is 0.88, 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. UPRO - Performance Comparison
In the year-to-date period, FFLG achieves a 33.99% return, which is significantly lower than UPRO's 76.25% 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. UPRO - Expense Ratio Comparison
FFLG has a 0.38% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
FFLG vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Growth ETF (FFLG) 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
FFLG vs. UPRO - Dividend Comparison
FFLG's dividend yield for the trailing twelve months is around 0.03%, less than UPRO's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLG Fidelity Fundamental Large Cap Growth ETF | 0.03% | 0.00% | 1.50% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.72% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
FFLG vs. UPRO - Drawdown Comparison
The maximum FFLG drawdown since its inception was -44.52%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for FFLG and UPRO. For additional features, visit the drawdowns tool.
Volatility
FFLG vs. UPRO - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Growth ETF (FFLG) is 5.54%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.82%. This indicates that FFLG 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.