FLRG vs. ITOT

Last updated Jun 4, 2026

FLRG (Fidelity U.S. Multifactor ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Growth Equities funds - FLRG tracks the Fidelity U.S. Multifactor Index while ITOT tracks the S&P Composite 1500 Index. Both are passively managed. Over the past 5 years, FLRG returned 13.03%/yr vs 12.69%/yr for ITOT. Their correlation of 0.95 suggests significant overlap in exposure. FLRG charges 0.29%/yr vs 0.03%/yr for ITOT.

Performance

FLRG vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Multifactor ETF (FLRG) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLRG achieves a 9.13% return, which is significantly lower than ITOT's 11.25% return.

FLRG

• 1D: -0.37%
• 1M: 4.02%
• YTD: 9.13%
• 6M: 8.95%
• 1Y: 18.92%
• 3Y*: 19.48%
• 5Y*: 13.03%
• 10Y*: —

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLRG vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FLRG Fidelity U.S. Multifactor ETF	9.13%	13.92%	23.36%	18.31%	-10.98%	29.36%	9.53%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	17.00%	23.80%	26.12%	-19.47%	25.68%	14.83%

Correlation

The correlation between FLRG and ITOT is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.95

The correlation between FLRG and ITOT has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

FLRG vs. ITOT - Sectors Allocation Comparison

Sectors	FLRG	ITOT
Technology	34.7%	33.8%
Financial Services	12.3%	12.1%
Consumer Cyclical	10.7%	10.1%
Communication Services	10.3%	10.3%
Healthcare	9.2%	9.0%
Industrials	7.7%	9.5%
Energy	4.8%	3.7%
Consumer Defensive	4.6%	4.7%
Basic Materials	2.5%	2.1%
Real Estate	2.1%	2.4%
Utilities	1.2%	2.3%

Return for Risk

FLRG vs. ITOT — Risk / Return Rank

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

FLRG

FLRG Risk / Return Rank: 55
FLRG Sharpe Ratio Rank: 54
FLRG Sortino Ratio Rank: 55
FLRG Omega Ratio Rank: 53
FLRG Calmar Ratio Rank: 53
FLRG Martin Ratio Rank: 58

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLRG vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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	ITOT	Difference
Sharpe ratio Return per unit of total volatility	1.88	2.32	-0.44
Sortino ratio Return per unit of downside risk	2.67	3.17	-0.50
Omega ratio Gain probability vs. loss probability	1.34	1.42	-0.08
Calmar ratio Return relative to maximum drawdown	2.65	3.17	-0.52
Martin ratio Return relative to average drawdown	10.46	14.57	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLRG vs. ITOT - Sharpe Ratio Comparison

The current FLRG Sharpe Ratio is 1.88, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FLRG and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLRG	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.32	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.74	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.57	+0.47

Drawdowns

FLRG vs. ITOT - Drawdown Comparison

The maximum FLRG drawdown since its inception was -19.64%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for FLRG and ITOT.

Drawdown Indicators

	FLRG	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-55.20%	+35.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-8.90%	+1.74%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-19.44%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-19.64%	-25.36%	+5.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.37%	-0.73%	+0.36%
Average Drawdown Average peak-to-trough decline	-3.74%	-6.97%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.94%	-0.13%

Volatility

FLRG vs. ITOT - Volatility Comparison

The current volatility for Fidelity U.S. Multifactor ETF (FLRG) is 2.42%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 2.99%. This indicates that FLRG experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLRG	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	2.99%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	9.13%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	12.20%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	17.36%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	18.26%	-3.24%

FLRG vs. ITOT - Expense Ratio Comparison

FLRG has a 0.29% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

FLRG vs. ITOT - Dividend Comparison

FLRG's dividend yield for the trailing twelve months is around 1.34%, more than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRG Fidelity U.S. Multifactor ETF	1.34%	1.42%	1.42%	1.39%	1.62%	1.36%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both FLRG and ITOT in my portfolio?

With a correlation of 0.93, FLRG and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLRG or ITOT?

ITOT has higher volatility (2.99%) compared to FLRG (2.42%). In terms of maximum drawdown, FLRG dropped -19.64% vs ITOT's -55.20%.

Which ETF is better, FLRG or ITOT?

On 5-year performance, FLRG leads with 13.03% vs 12.69% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, FLRG has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLRG or ITOT?

Over the 5-year period, FLRG has performed better with a 13.03% return vs 12.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLRG or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.29% for FLRG.

Which ETF pays a higher dividend yield, FLRG or ITOT?

FLRG has the higher dividend yield at 1.34%, compared with 0.98% for ITOT.

What is the main difference between FLRG and ITOT?

FLRG tracks Fidelity U.S. Multifactor Index, while ITOT tracks S&P Composite 1500 Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.29% for FLRG and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.32 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.