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

Performance

FFLV vs. FNILX - Performance Comparison

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

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.39%
13.74%
FFLV
FNILX

Returns By Period


FFLV

YTD

N/A

1M

4.61%

6M

12.38%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

FNILX

YTD

27.24%

1M

3.52%

6M

13.74%

1Y

33.65%

5Y (annualized)

15.89%

10Y (annualized)

N/A

Key characteristics


FFLVFNILX
Daily Std Dev13.46%12.40%
Max Drawdown-5.99%-33.75%
Current Drawdown0.00%-0.33%

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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.


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 FNILX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.6

The correlation between FFLV and FNILX is 0.60, 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.

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.


Sharpe ratio
No data
FFLV
FNILX

Chart placeholderNot enough data

Dividends

FFLV vs. FNILX - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 0.93%, less than FNILX's 1.05% yield.


TTM202320222021202020192018
FFLV
Fidelity Fundamental Large Cap Value ETF
0.93%0.00%0.00%0.00%0.00%0.00%0.00%
FNILX
Fidelity ZERO Large Cap Index Fund
1.05%1.34%1.53%0.95%1.20%1.17%0.41%

Drawdowns

FFLV vs. FNILX - Drawdown Comparison

The maximum FFLV drawdown since its inception was -5.99%, 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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.33%
FFLV
FNILX

Volatility

FFLV vs. FNILX - Volatility Comparison

Fidelity Fundamental Large Cap Value ETF (FFLV) has a higher volatility of 4.27% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.02%. This indicates that FFLV'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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.27%
4.02%
FFLV
FNILX