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.
FLOWX vs. FDTX
Compare and contrast key facts about Fidelity Water Sustainability Fund (FLOWX) and Fidelity Disruptive Technology ETF (FDTX).
FLOWX is managed by Fidelity Investments. It was launched on Apr 21, 2020. FDTX is an actively managed fund by Fidelity. It was launched on Apr 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLOWX or FDTX.
Performance
FLOWX vs. FDTX - Performance Comparison
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Key characteristics
FLOWX:
0.60
FDTX:
0.31
FLOWX:
0.85
FDTX:
0.62
FLOWX:
1.10
FDTX:
1.08
FLOWX:
0.56
FDTX:
0.33
FLOWX:
1.79
FDTX:
0.99
FLOWX:
5.00%
FDTX:
9.05%
FLOWX:
17.71%
FDTX:
29.69%
FLOWX:
-30.62%
FDTX:
-27.23%
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
10.42%
5.33%
2.88%
12.19%
12.32%
13.12%
N/A
FDTX
0.00%
9.14%
-0.23%
9.10%
N/A
N/A
N/A
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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.
Risk-Adjusted Performance
FLOWX vs. FDTX — Risk-Adjusted Performance Rank
FLOWX
FDTX
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.
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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.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
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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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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