FFLV vs. FFLG

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity Fundamental Large Cap Growth ETF (FFLG).

FFLV and FFLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLV is an actively managed fund by Fidelity. It was launched on Feb 22, 2024. FFLG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.

Performance

FFLV vs. FFLG - Performance Comparison

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

FFLV vs. FFLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFLV Fidelity Fundamental Large Cap Value ETF	2.88%	16.04%	8.04%
FFLG Fidelity Fundamental Large Cap Growth ETF	-5.74%	19.61%	19.01%

Returns By Period

In the year-to-date period, FFLV achieves a 2.88% return, which is significantly higher than FFLG's -5.74% return.

FFLV

• 1D: 0.28%
• 1M: -4.21%
• YTD: 2.88%
• 6M: 8.74%
• 1Y: 17.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFLG

• 1D: 1.47%
• 1M: -4.23%
• YTD: -5.74%
• 6M: -4.38%
• 1Y: 26.46%
• 3Y*: 24.30%
• 5Y*: 8.29%
• 10Y*: —

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

FFLV vs. FFLG - Expense Ratio Comparison

Both FFLV and FFLG have an expense ratio of 0.38%.

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLG

Fidelity Fundamental Large Cap Growth ETF

Return for Risk

FFLV vs. FFLG — Risk / Return Rank

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

FFLV

FFLV Risk / Return Rank: 59
FFLV Sharpe Ratio Rank: 61
FFLV Sortino Ratio Rank: 61
FFLV Omega Ratio Rank: 59
FFLV Calmar Ratio Rank: 54
FFLV Martin Ratio Rank: 61

FFLG

FFLG Risk / Return Rank: 63
FFLG Sharpe Ratio Rank: 58
FFLG Sortino Ratio Rank: 61
FFLG Omega Ratio Rank: 60
FFLG Calmar Ratio Rank: 72
FFLG Martin Ratio Rank: 65

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.

FFLV vs. FFLG - Risk-Adjusted Trends Comparison

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

	FFLV	FFLG	Difference
Sharpe ratio Return per unit of total volatility	1.12	1.06	+0.06
Sortino ratio Return per unit of downside risk	1.62	1.61	0.00
Omega ratio Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio Return relative to maximum drawdown	1.46	1.94	-0.48
Martin ratio Return relative to average drawdown	6.41	6.85	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFLV vs. FFLG - Sharpe Ratio Comparison

The current FFLV Sharpe Ratio is 1.12, which is comparable to the FFLG Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FFLV and FFLG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FFLV	FFLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	1.06	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.27	+0.63

Correlation

The correlation between FFLV and FFLG is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FFLV vs. FFLG - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 1.58%, more than FFLG's 0.16% yield.

	TTM	2025	2024	2023	2022	2021
FFLV Fidelity Fundamental Large Cap Value ETF	1.58%	1.60%	1.46%	0.00%	0.00%	0.00%
FFLG Fidelity Fundamental Large Cap Growth ETF	0.16%	0.14%	0.09%	0.00%	1.50%	0.55%

Drawdowns

FFLV vs. FFLG - Drawdown Comparison

The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum FFLG drawdown of -44.52%. Use the drawdown chart below to compare losses from any high point for FFLV and FFLG.

Drawdown Indicators

	FFLV	FFLG	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-44.52%	+27.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-14.23%	+2.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.52%	—
Current Drawdown Current decline from peak	-5.00%	-8.77%	+3.77%
Average Drawdown Average peak-to-trough decline	-3.16%	-14.70%	+11.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	4.04%	-1.35%

Volatility

FFLV vs. FFLG - Volatility Comparison

The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 4.15%, while Fidelity Fundamental Large Cap Growth ETF (FFLG) has a volatility of 8.55%. This indicates that FFLV experiences smaller price fluctuations and is considered to be less risky than FFLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLV	FFLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	8.55%	-4.40%
Volatility (6M) Calculated over the trailing 6-month period	8.62%	14.90%	-6.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	25.19%	-9.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	25.39%	-10.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	25.59%	-11.17%