FLRG vs. SPCT
FLRG (Fidelity U.S. Multifactor ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. FLRG is passively managed, while SPCT is actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. FLRG charges 0.15%/yr vs 0.85%/yr for SPCT.
Performance
FLRG vs. SPCT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FLRG having a 10.29% return and SPCT slightly lower at 10.25%.
FLRG
- 1D
- 0.16%
- 1M
- 1.69%
- 6M
- 8.30%
- YTD
- 10.29%
- 1Y
- 17.72%
- 3Y*
- 17.69%
- 5Y*
- 11.92%
- 10Y*
- —
- ALL TIME*
- 15.43%
SPCT
- 1D
- 0.21%
- 1M
- 1.34%
- 6M
- 5.95%
- YTD
- 10.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $441.29K | $669.16K | $816.00K | |
| $159.06K | $187.55K | $230.72K |
FLRG vs. SPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 10.29% | -0.55% |
SPCT Liberty One Spectrum ETF | 10.25% | 1.93% |
Correlation
The correlation between FLRG and SPCT is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.54 |
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Return for Risk
FLRG vs. SPCT — Risk / Return Rank
FLRG
SPCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLRG vs. SPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and Liberty One Spectrum ETF (SPCT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLRG | SPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | — | — |
| Martin ratioReturn relative to average drawdown | 8.67 | — | — |
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Drawdowns
FLRG vs. SPCT - Drawdown Comparison
The maximum FLRG drawdown since its inception was -19.64%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for FLRG and SPCT.
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Drawdown Indicators
| FLRG | SPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -7.17% | -12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.49% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -1.44% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | — | — |
Volatility
FLRG vs. SPCT - Volatility Comparison
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Volatility by Period
| FLRG | SPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 9.38% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 9.38% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 9.38% | +5.55% |
FLRG vs. SPCT - Expense Ratio Comparison
FLRG has a 0.15% expense ratio, which is lower than SPCT's 0.85% expense ratio.
Dividends
FLRG vs. SPCT - Dividend Comparison
FLRG's dividend yield for the trailing twelve months is around 1.37%, more than SPCT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.37% | 1.42% | 1.42% | 1.39% | 1.62% | 1.36% | 1.47% |
SPCT Liberty One Spectrum ETF | 0.77% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLRG and SPCT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRG is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRG is cheaper with a 0.15% expense ratio, compared with 0.85% for SPCT.
FLRG has the higher dividend yield at 1.37%, compared with 0.77% for SPCT.
They also come from different issuers: Fidelity and Liberty One. Their fees differ too: 0.15% for FLRG and 0.85% for SPCT.
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