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FLOWX vs. FDTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLOWX and FDTX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

FLOWX vs. FDTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Water Sustainability Fund (FLOWX) and Fidelity Disruptive Technology ETF (FDTX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FLOWX:

0.60

FDTX:

0.31

Sortino Ratio

FLOWX:

0.85

FDTX:

0.62

Omega Ratio

FLOWX:

1.10

FDTX:

1.08

Calmar Ratio

FLOWX:

0.56

FDTX:

0.33

Martin Ratio

FLOWX:

1.79

FDTX:

0.99

Ulcer Index

FLOWX:

5.00%

FDTX:

9.05%

Daily Std Dev

FLOWX:

17.71%

FDTX:

29.69%

Max Drawdown

FLOWX:

-30.62%

FDTX:

-27.23%

Current Drawdown

FLOWX:

-0.16%

FDTX:

-7.67%

Returns By Period

In the year-to-date period, FLOWX achieves a 10.42% return, which is significantly higher than FDTX's 0.00% return.


FLOWX

YTD

10.42%

1M

5.33%

6M

2.88%

1Y

12.19%

3Y*

12.32%

5Y*

13.12%

10Y*

N/A

FDTX

YTD

0.00%

1M

9.14%

6M

-0.23%

1Y

9.10%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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FLOWX vs. FDTX - Expense Ratio Comparison

FLOWX has a 1.00% expense ratio, which is higher than FDTX's 0.50% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FLOWX vs. FDTX — Risk-Adjusted Performance Rank

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

FLOWX
The Risk-Adjusted Performance Rank of FLOWX is 4242
Overall Rank
The Sharpe Ratio Rank of FLOWX is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of FLOWX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of FLOWX is 3535
Omega Ratio Rank
The Calmar Ratio Rank of FLOWX is 5151
Calmar Ratio Rank
The Martin Ratio Rank of FLOWX is 4141
Martin Ratio Rank

FDTX
The Risk-Adjusted Performance Rank of FDTX is 3333
Overall Rank
The Sharpe Ratio Rank of FDTX is 3131
Sharpe Ratio Rank
The Sortino Ratio Rank of FDTX is 3333
Sortino Ratio Rank
The Omega Ratio Rank of FDTX is 3333
Omega Ratio Rank
The Calmar Ratio Rank of FDTX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of FDTX is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FLOWX vs. FDTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Water Sustainability Fund (FLOWX) and Fidelity Disruptive Technology ETF (FDTX). 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.


The current FLOWX Sharpe Ratio is 0.60, which is higher than the FDTX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of FLOWX and FDTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FLOWX vs. FDTX - Dividend Comparison

FLOWX's dividend yield for the trailing twelve months is around 2.28%, while FDTX has not paid dividends to shareholders.


TTM20242023202220212020
FLOWX
Fidelity Water Sustainability Fund
2.28%2.51%0.42%0.08%1.40%1.49%
FDTX
Fidelity Disruptive Technology ETF
0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FLOWX vs. FDTX - Drawdown Comparison

The maximum FLOWX drawdown since its inception was -30.62%, which is greater than FDTX's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for FLOWX and FDTX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FLOWX vs. FDTX - Volatility Comparison

The current volatility for Fidelity Water Sustainability Fund (FLOWX) is 2.92%, while Fidelity Disruptive Technology ETF (FDTX) has a volatility of 6.00%. This indicates that FLOWX experiences smaller price fluctuations and is considered to be less risky than FDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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