FLRG vs. BDMAX
Compare and contrast key facts about Fidelity U.S. Multifactor ETF (FLRG) and BlackRock Global Equity Market Neutral Fund (BDMAX).
FLRG is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Multifactor Index. It was launched on Sep 15, 2020. BDMAX is an actively managed fund by BlackRock. It was launched on Dec 20, 2012.
Performance
FLRG vs. BDMAX - Performance Comparison
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FLRG vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | -2.67% | 13.92% | 23.36% | 18.31% | -10.98% | 29.36% | 9.53% |
BDMAX BlackRock Global Equity Market Neutral Fund | 3.51% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -2.26% |
Returns By Period
In the year-to-date period, FLRG achieves a -2.67% return, which is significantly lower than BDMAX's 3.51% return.
FLRG
- 1D
- 2.17%
- 1M
- -3.76%
- YTD
- -2.67%
- 6M
- -3.46%
- 1Y
- 12.61%
- 3Y*
- 15.88%
- 5Y*
- 11.55%
- 10Y*
- —
BDMAX
- 1D
- -0.41%
- 1M
- 0.89%
- YTD
- 3.51%
- 6M
- 6.52%
- 1Y
- 16.41%
- 3Y*
- 18.28%
- 5Y*
- 10.88%
- 10Y*
- 6.95%
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FLRG vs. BDMAX - Expense Ratio Comparison
FLRG has a 0.29% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Return for Risk
FLRG vs. BDMAX — Risk / Return Rank
FLRG
BDMAX
FLRG vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| FLRG | BDMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 2.54 | -1.73 |
Sortino ratioReturn per unit of downside risk | 1.27 | 3.72 | -2.45 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.47 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 4.83 | -3.50 |
Martin ratioReturn relative to average drawdown | 6.15 | 13.40 | -7.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLRG | BDMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 2.54 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.68 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.09 | -0.18 |
Correlation
The correlation between FLRG and BDMAX is 0.15, 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.
Dividends
FLRG vs. BDMAX - Dividend Comparison
FLRG's dividend yield for the trailing twelve months is around 1.51%, less than BDMAX's 8.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.51% | 1.42% | 1.42% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BDMAX BlackRock Global Equity Market Neutral Fund | 8.64% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
Drawdowns
FLRG vs. BDMAX - Drawdown Comparison
The maximum FLRG drawdown since its inception was -19.64%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for FLRG and BDMAX.
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Drawdown Indicators
| FLRG | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -12.37% | -7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -3.61% | -7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -7.72% | -11.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.71% | — |
Current DrawdownCurrent decline from peak | -5.15% | -0.81% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -2.86% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.30% | +1.02% |
Volatility
FLRG vs. BDMAX - Volatility Comparison
Fidelity U.S. Multifactor ETF (FLRG) has a higher volatility of 4.27% compared to BlackRock Global Equity Market Neutral Fund (BDMAX) at 1.56%. This indicates that FLRG's price experiences larger fluctuations and is considered to be riskier than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRG | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 1.56% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 4.70% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 6.91% | +8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 6.53% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 5.77% | +9.38% |