FFLV vs. FNILX
Compare and contrast key facts about Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity ZERO Large Cap Index Fund (FNILX).
FFLV is an actively managed fund by Fidelity. It was launched on Feb 22, 2024. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLV or FNILX.
Key characteristics
| FFLV | FNILX | |
|---|---|---|
| Daily Std Dev | 9.71% | 11.79% |
| Max Drawdown | -5.83% | -33.75% |
| Current Drawdown | -0.92% | 0.00% |
Correlation
The correlation between FFLV and FNILX is 0.69, 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.
Performance
FFLV vs. FNILX - Performance Comparison
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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FFLV vs. FNILX - Expense Ratio Comparison
FFLV has a 0.38% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
FFLV vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) 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.
Not enough dataDividends
FFLV vs. FNILX - Dividend Comparison
FFLV's dividend yield for the trailing twelve months is around 0.19%, less than FNILX's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 0.19% | 0.00% | 0.00% | 0.00% | 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
FFLV vs. FNILX - Drawdown Comparison
The maximum FFLV drawdown since its inception was -5.83%, smaller than the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FFLV and FNILX. For additional features, visit the drawdowns tool.
Volatility
FFLV vs. FNILX - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 2.74%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 3.55%. This indicates that FFLV experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.