FLDR vs. VOO
Compare and contrast key facts about Fidelity Low Duration Bond Factor ETF (FLDR) and Vanguard S&P 500 ETF (VOO).
FLDR and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FLDR and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDR or VOO.
Key characteristics
| FLDR | VOO | |
|---|---|---|
| YTD Return | 1.51% | 7.31% |
| 1Y Return | 5.63% | 25.21% |
| 3Y Return (Ann) | 2.53% | 8.45% |
| 5Y Return (Ann) | 2.32% | 13.50% |
| Sharpe Ratio | 4.87 | 2.36 |
| Daily Std Dev | 1.16% | 11.75% |
| Max Drawdown | -12.23% | -33.99% |
| Current Drawdown | -0.02% | -2.94% |
Correlation
The correlation between FLDR and VOO is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLDR vs. VOO - Performance Comparison
In the year-to-date period, FLDR achieves a 1.51% return, which is significantly lower than VOO's 7.31% return. 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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FLDR vs. VOO - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLDR vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
FLDR vs. VOO - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 5.56%, more than VOO's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 5.56% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FLDR vs. VOO - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FLDR and VOO. For additional features, visit the drawdowns tool.
Volatility
FLDR vs. VOO - Volatility Comparison
The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.34%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.60%. This indicates that FLDR experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.