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FFLV vs. FDVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FFLV vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
11.81%
14.31%
FFLV
FDVV

Returns By Period


FFLV

YTD

N/A

1M

3.62%

6M

11.81%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

FDVV

YTD

25.92%

1M

1.11%

6M

14.30%

1Y

33.97%

5Y (annualized)

14.67%

10Y (annualized)

N/A

Key characteristics


FFLVFDVV
Daily Std Dev13.47%10.20%
Max Drawdown-5.99%-40.25%
Current Drawdown-0.03%0.00%

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FFLV vs. FDVV - Expense Ratio Comparison

FFLV has a 0.38% expense ratio, which is higher than FDVV's 0.29% expense ratio.


FFLV
Fidelity Fundamental Large Cap Value ETF
Expense ratio chart for FFLV: current value at 0.38% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.38%
Expense ratio chart for FDVV: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Correlation

-0.50.00.51.00.8

The correlation between FFLV and FDVV 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.

Risk-Adjusted Performance

FFLV vs. FDVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity High Dividend ETF (FDVV). 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.


Sharpe ratio
No data
FFLV
FDVV

Chart placeholderNot enough data

Dividends

FFLV vs. FDVV - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 0.93%, less than FDVV's 2.71% yield.


TTM20232022202120202019201820172016
FFLV
Fidelity Fundamental Large Cap Value ETF
0.93%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FDVV
Fidelity High Dividend ETF
2.71%3.77%3.44%2.70%3.19%3.93%4.05%3.63%1.04%

Drawdowns

FFLV vs. FDVV - Drawdown Comparison

The maximum FFLV drawdown since its inception was -5.99%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FFLV and FDVV. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.03%
0
FFLV
FDVV

Volatility

FFLV vs. FDVV - Volatility Comparison

Fidelity Fundamental Large Cap Value ETF (FFLV) has a higher volatility of 4.23% compared to Fidelity High Dividend ETF (FDVV) at 2.58%. This indicates that FFLV's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.23%
2.58%
FFLV
FDVV