FFLV vs. VDIGX

Last updated Jun 4, 2026

FFLV (Fidelity Fundamental Large Cap Value ETF) and VDIGX (Vanguard Dividend Growth Fund) are both funds - FFLV is a Large Cap Value Equities fund actively managed by Fidelity, while VDIGX is a Dividend fund actively managed by Vanguard. Both are actively managed. Over the past year, FFLV returned 27.22% vs 8.31% for VDIGX. A 0.79 correlation means they provide meaningful diversification when combined. FFLV charges 0.38%/yr vs 0.22%/yr for VDIGX.

Performance

FFLV vs. VDIGX - Performance Comparison

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

Returns By Period

In the year-to-date period, FFLV achieves a 11.22% return, which is significantly higher than VDIGX's 2.63% return.

FFLV

• 1D: -0.24%
• 1M: 2.24%
• YTD: 11.22%
• 6M: 12.86%
• 1Y: 27.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VDIGX

• 1D: 0.32%
• 1M: 3.43%
• YTD: 2.63%
• 6M: 2.55%
• 1Y: 8.31%
• 3Y*: 14.07%
• 5Y*: 9.83%
• 10Y*: 12.30%

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

FFLV vs. VDIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFLV Fidelity Fundamental Large Cap Value ETF	11.22%	16.04%	8.04%
VDIGX Vanguard Dividend Growth Fund	2.63%	11.11%	15.29%

Correlation

The correlation between FFLV and VDIGX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 27, 2024	0.79

The correlation between FFLV and VDIGX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

FFLV vs. VDIGX — Risk / Return Rank

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

FFLV

FFLV Risk / Return Rank: 74
FFLV Sharpe Ratio Rank: 73
FFLV Sortino Ratio Rank: 76
FFLV Omega Ratio Rank: 70
FFLV Calmar Ratio Rank: 74
FFLV Martin Ratio Rank: 76

VDIGX

VDIGX Risk / Return Rank: 11
VDIGX Sharpe Ratio Rank: 11
VDIGX Sortino Ratio Rank: 11
VDIGX Omega Ratio Rank: 10
VDIGX Calmar Ratio Rank: 9
VDIGX Martin Ratio Rank: 12

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. VDIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) and Vanguard Dividend Growth Fund (VDIGX). 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	VDIGX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	0.86	+1.54
Sortino ratio: Return per unit of downside risk	3.48	1.32	+2.16
Omega ratio: Gain probability vs. loss probability	1.43	1.15	+0.27
Calmar ratio: Return relative to maximum drawdown	3.78	0.95	+2.82
Martin ratio: Return relative to average drawdown	14.71	3.67	+11.04
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. VDIGX - Sharpe Ratio Comparison

The current FFLV Sharpe Ratio is 2.41, which is higher than the VDIGX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FFLV and VDIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFLV	VDIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	0.86	+1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.62	+0.50

Drawdowns

FFLV vs. VDIGX - Drawdown Comparison

The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum VDIGX drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for FFLV and VDIGX.

Drawdown Indicators

	FFLV	VDIGX	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-45.23%	+28.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-9.09%	+1.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.98%	—
Current Drawdown Current decline from peak	-0.27%	-0.10%	-0.17%
Average Drawdown Average peak-to-trough decline	-3.00%	-6.65%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.36%	-0.50%

Volatility

FFLV vs. VDIGX - Volatility Comparison

Fidelity Fundamental Large Cap Value ETF (FFLV) has a higher volatility of 2.79% compared to Vanguard Dividend Growth Fund (VDIGX) at 2.33%. This indicates that FFLV's price experiences larger fluctuations and is considered to be riskier than VDIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLV	VDIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.33%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	7.61%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	10.06%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	13.86%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	15.70%	-1.48%

FFLV vs. VDIGX - Expense Ratio Comparison

FFLV has a 0.38% expense ratio, which is higher than VDIGX's 0.22% expense ratio.

Dividends

FFLV vs. VDIGX - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 1.46%, less than VDIGX's 23.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFLV Fidelity Fundamental Large Cap Value ETF	1.46%	1.60%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDIGX Vanguard Dividend Growth Fund	23.93%	21.90%	21.94%	2.29%	6.06%	5.45%	2.83%	4.70%	8.72%	5.16%	2.86%	5.70%

Frequently Asked Questions

Can I hold both FFLV and VDIGX in my portfolio?

FFLV and VDIGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFLV or VDIGX?

FFLV has higher volatility (2.79%) compared to VDIGX (2.33%). In terms of maximum drawdown, FFLV dropped -16.71% vs VDIGX's -45.23%.

Which has better risk-adjusted returns?

FFLV currently has the higher Sharpe Ratio (2.41 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.