FLOWX vs. FIW
Compare and contrast key facts about Fidelity Water Sustainability Fund (FLOWX) and First Trust Water ETF (FIW).
FLOWX is managed by Fidelity Investments. It was launched on Apr 21, 2020. FIW is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Water Index. It was launched on May 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLOWX or FIW.
Correlation
The correlation between FLOWX and FIW is 0.94, 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. FIW - Performance Comparison
Key characteristics
FLOWX:
0.60
FIW:
0.71
FLOWX:
0.93
FIW:
1.09
FLOWX:
1.11
FIW:
1.13
FLOWX:
0.73
FIW:
1.10
FLOWX:
2.04
FIW:
2.80
FLOWX:
4.43%
FIW:
3.76%
FLOWX:
14.92%
FIW:
14.82%
FLOWX:
-31.59%
FIW:
-52.75%
FLOWX:
-6.53%
FIW:
-5.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with FLOWX having a 3.12% return and FIW slightly lower at 2.99%.
FLOWX
3.12%
1.21%
0.01%
7.29%
N/A
N/A
FIW
2.99%
-0.07%
0.27%
9.39%
11.29%
13.28%
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FLOWX vs. FIW - Expense Ratio Comparison
FLOWX has a 1.00% expense ratio, which is higher than FIW's 0.54% expense ratio.
Risk-Adjusted Performance
FLOWX vs. FIW — Risk-Adjusted Performance Rank
FLOWX
FIW
FLOWX vs. FIW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Water Sustainability Fund (FLOWX) and First Trust Water ETF (FIW). 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
FLOWX vs. FIW - Dividend Comparison
FLOWX's dividend yield for the trailing twelve months is around 0.74%, more than FIW's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOWX Fidelity Water Sustainability Fund | 0.74% | 0.76% | 0.42% | 0.08% | 0.02% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIW First Trust Water ETF | 0.68% | 0.70% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% | 0.75% |
Drawdowns
FLOWX vs. FIW - Drawdown Comparison
The maximum FLOWX drawdown since its inception was -31.59%, smaller than the maximum FIW drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for FLOWX and FIW. For additional features, visit the drawdowns tool.
Volatility
FLOWX vs. FIW - Volatility Comparison
Fidelity Water Sustainability Fund (FLOWX) has a higher volatility of 3.65% compared to First Trust Water ETF (FIW) at 3.44%. This indicates that FLOWX's price experiences larger fluctuations and is considered to be riskier than FIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.