FLRG vs. FDVV
Compare and contrast key facts about Fidelity U.S. Multifactor ETF (FLRG) and Fidelity High Dividend ETF (FDVV).
FLRG and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both FLRG and FDVV 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: FLRG or FDVV.
Key characteristics
| FLRG | FDVV | |
|---|---|---|
| YTD Return | 27.78% | 24.86% |
| 1Y Return | 34.23% | 34.68% |
| 3Y Return (Ann) | 11.44% | 12.91% |
| Sharpe Ratio | 3.09 | 3.61 |
| Sortino Ratio | 4.21 | 4.94 |
| Omega Ratio | 1.57 | 1.68 |
| Calmar Ratio | 5.64 | 7.41 |
| Martin Ratio | 21.31 | 31.36 |
| Ulcer Index | 1.71% | 1.19% |
| Daily Std Dev | 11.78% | 10.37% |
| Max Drawdown | -19.64% | -40.25% |
| Current Drawdown | -0.79% | -0.77% |
Correlation
The correlation between FLRG and FDVV is 0.89, 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
FLRG vs. FDVV - Performance Comparison
In the year-to-date period, FLRG achieves a 27.78% return, which is significantly higher than FDVV's 24.86% 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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FLRG vs. FDVV - Expense Ratio Comparison
Both FLRG and FDVV have an expense ratio of 0.29%.
Risk-Adjusted Performance
FLRG vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and Fidelity High Dividend ETF (FDVV). 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
FLRG vs. FDVV - Dividend Comparison
FLRG's dividend yield for the trailing twelve months is around 1.23%, less than FDVV's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.23% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 2.73% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
FLRG vs. FDVV - Drawdown Comparison
The maximum FLRG drawdown since its inception was -19.64%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FLRG and FDVV. For additional features, visit the drawdowns tool.
Volatility
FLRG vs. FDVV - Volatility Comparison
Fidelity U.S. Multifactor ETF (FLRG) has a higher volatility of 3.90% compared to Fidelity High Dividend ETF (FDVV) at 2.63%. This indicates that FLRG's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.