FFLV vs. VIG
FFLV (Fidelity Fundamental Large Cap Value ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - FFLV is a Large Cap Value Equities fund actively managed by Fidelity, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. FFLV is actively managed, while VIG is passively managed. Over the past year, FFLV returned 33.97% vs 19.59% for VIG. Their correlation of 0.86 means they have usually moved in the same direction. FFLV charges 0.38%/yr vs 0.04%/yr for VIG.
Performance
FFLV vs. VIG - Performance Comparison
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Returns By Period
In the year-to-date period, FFLV achieves a 19.24% return, which is significantly higher than VIG's 10.16% return.
FFLV
- 1D
- 0.85%
- 1M
- 3.63%
- 6M
- 13.59%
- YTD
- 19.24%
- 1Y
- 33.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.94%
VIG
- 1D
- 0.41%
- 1M
- 0.64%
- 6M
- 7.02%
- YTD
- 10.16%
- 1Y
- 19.59%
- 3Y*
- 15.82%
- 5Y*
- 10.56%
- 10Y*
- 12.98%
- ALL TIME*
- 10.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $226.71K | $143.42K | $105.18K | |
| $232.65M | $242.03M | $260.72M |
FFLV vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 19.24% | 16.04% | -0.71% |
VIG Vanguard Dividend Appreciation ETF | 10.16% | 14.17% | 11.51% |
Correlation
The correlation between FFLV and VIG is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2024 | 0.86 |
The correlation between FFLV and VIG has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
FFLV vs. VIG — Risk / Return Rank
FFLV
VIG
FFLV vs. VIG - 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 Appreciation ETF (VIG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FFLV | VIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.35 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 2.49 | +2.22 |
| Martin ratioReturn relative to average drawdown | 18.97 | 10.11 | +8.85 |
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Drawdowns
FFLV vs. VIG - Drawdown Comparison
The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for FFLV and VIG.
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Drawdown Indicators
| FFLV | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -46.81% | +30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -7.91% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.72% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.66% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -5.47% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.94% | -0.14% |
Volatility
FFLV vs. VIG - Volatility Comparison
Fidelity Fundamental Large Cap Value ETF (FFLV) has a higher volatility of 2.89% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.57%. This indicates that FFLV's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLV | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.57% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 7.62% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 10.08% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 14.20% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 16.02% | -1.09% |
FFLV vs. VIG - Expense Ratio Comparison
FFLV has a 0.38% expense ratio, which is higher than VIG's 0.04% expense ratio.
Dividends
FFLV vs. VIG - Dividend Comparison
FFLV's dividend yield for the trailing twelve months is around 1.35%, less than VIG's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLV Fidelity Fundamental Large Cap Value ETF | 1.35% | 1.60% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIG Vanguard Dividend Appreciation ETF | 1.49% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Frequently Asked Questions
FFLV and VIG have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFLV has higher volatility (2.89%) compared to VIG (2.57%). In terms of maximum drawdown, FFLV dropped -16.71% vs VIG's -46.81%.
On 1-year performance, FFLV leads with 33.97% vs 19.59% for VIG. On fees, VIG is cheaper at 0.04% per year. On volatility, VIG has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFLV has performed better with a 33.97% return vs 19.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIG is cheaper with a 0.04% expense ratio, compared with 0.38% for FFLV.
VIG has the higher dividend yield at 1.49%, compared with 1.35% for FFLV.
FFLV is categorized as Large Cap Value Equities, while VIG is Dividend. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.38% for FFLV and 0.04% for VIG.
FFLV currently has the higher Sharpe Ratio (3.02 vs 1.96), 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.
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