FLRG vs. VALQ

Last updated Aug 3, 2026

FLRG (Fidelity U.S. Multifactor ETF) and VALQ (American Century STOXX U.S. Quality Value ETF) are both exchange-traded funds - FLRG is a Large Cap Blend Equities fund tracking the Fidelity U.S. Multifactor Index, while VALQ is a Quality Factor fund tracking the iSTOXX American Century USA Quality Value Index. Both are passively managed. Over the past 5 years, FLRG returned 11.92%/yr vs 8.79%/yr for VALQ. Their correlation of 0.87 means they have usually moved in the same direction. FLRG charges 0.15%/yr vs 0.29%/yr for VALQ.

Performance

FLRG vs. VALQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Multifactor ETF (FLRG) and American Century STOXX U.S. Quality Value ETF (VALQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLRG achieves a 10.29% return, which is significantly higher than VALQ's 6.73% return.

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%

VALQ

• 1D: 0.09%
• 1M: 0.81%
• 6M: 2.92%
• YTD: 6.73%
• 1Y: 16.88%
• 3Y*: 13.35%
• 5Y*: 8.79%
• 10Y*: —
• ALL TIME*: 8.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLRG Fidelity U.S. Multifactor ETF	$441.29K	$669.16K	$816.00K
VALQ American Century STOXX U.S. Quality Value ETF	$214.02K	$473.20K	$410.70K

FLRG vs. VALQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FLRG Fidelity U.S. Multifactor ETF	10.29%	13.92%	23.36%	18.31%	-10.98%	29.36%	9.90%
VALQ American Century STOXX U.S. Quality Value ETF	6.73%	10.58%	16.71%	13.87%	-7.73%	27.05%	11.68%

Correlation

The correlation between FLRG and VALQ is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.87

The correlation between FLRG and VALQ shifts across timeframes, from 0.74 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

FLRG vs. VALQ - Sectors Allocation Comparison

Sectors	FLRG	VALQ
Technology	37.5%	34.6%
Financial Services	12.1%	5.5%
Consumer Cyclical	9.9%	12.1%
Healthcare	9.7%	14.8%
Communication Services	9.2%	6.5%
Industrials	7.7%	11.6%
Consumer Defensive	4.7%	12.1%
Energy	4.2%	1.9%
Basic Materials	2.1%	0.7%
Real Estate	2.0%	0.3%
Utilities	1.1%	-

Return for Risk

FLRG vs. VALQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLRG

FLRG Risk / Return Rank: 68
FLRG Sharpe Ratio Rank: 68
FLRG Sortino Ratio Rank: 67
FLRG Omega Ratio Rank: 67
FLRG Calmar Ratio Rank: 66
FLRG Martin Ratio Rank: 71

VALQ

VALQ Risk / Return Rank: 59
VALQ Sharpe Ratio Rank: 62
VALQ Sortino Ratio Rank: 66
VALQ Omega Ratio Rank: 59
VALQ Calmar Ratio Rank: 58
VALQ Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLRG vs. VALQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and American Century STOXX U.S. Quality Value ETF (VALQ). 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	VALQ	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.46	+0.09
Sortino ratio: Return per unit of downside risk	2.19	2.16	+0.03
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.29	2.07	+0.22
Martin ratio: Return relative to average drawdown	8.67	5.93	+2.74

FLRG vs. VALQ - Sharpe Ratio Comparison

The current FLRG Sharpe Ratio is 1.54, which is comparable to the VALQ Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of FLRG and VALQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLRG vs. VALQ - Drawdown Comparison

The maximum FLRG drawdown since its inception was -19.64%, smaller than the maximum VALQ drawdown of -38.19%. Use the drawdown chart below to compare losses from any high point for FLRG and VALQ.

Drawdown Indicators

	FLRG	VALQ	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-38.19%	+18.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-7.85%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-15.62%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-19.64%	-20.19%	+0.55%
Current Drawdown Current decline from peak	0.00%	-1.08%	+1.08%
Average Drawdown Average peak-to-trough decline	-3.67%	-4.87%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.73%	-0.84%

Volatility

FLRG vs. VALQ - Volatility Comparison

The current volatility for Fidelity U.S. Multifactor ETF (FLRG) is 2.52%, while American Century STOXX U.S. Quality Value ETF (VALQ) has a volatility of 3.02%. This indicates that FLRG experiences smaller price fluctuations and is considered to be less risky than VALQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLRG	VALQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	3.02%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	8.02%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	11.22%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	14.48%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	17.56%	-2.63%

FLRG vs. VALQ - Expense Ratio Comparison

FLRG has a 0.15% expense ratio, which is lower than VALQ's 0.29% expense ratio.

Dividends

FLRG vs. VALQ - Dividend Comparison

FLRG's dividend yield for the trailing twelve months is around 1.37%, less than VALQ's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLRG Fidelity U.S. Multifactor ETF	1.37%	1.42%	1.42%	1.39%	1.62%	1.36%	1.47%	0.00%	0.00%
VALQ American Century STOXX U.S. Quality Value ETF	1.79%	1.88%	1.58%	1.76%	2.71%	1.58%	2.08%	2.31%	2.35%

Frequently Asked Questions

Can I hold both FLRG and VALQ in my portfolio?

FLRG and VALQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLRG or VALQ?

VALQ has higher volatility (3.02%) compared to FLRG (2.52%). In terms of maximum drawdown, FLRG dropped -19.64% vs VALQ's -38.19%.

Which ETF is better, FLRG or VALQ?

On 5-year performance, FLRG leads with 11.92% vs 8.79% for VALQ. On fees, FLRG is cheaper at 0.15% per year. On volatility, FLRG has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLRG or VALQ?

Over the 5-year period, FLRG has performed better with a 11.92% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLRG or VALQ?

FLRG is cheaper with a 0.15% expense ratio, compared with 0.29% for VALQ.

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

VALQ has the higher dividend yield at 1.79%, compared with 1.37% for FLRG.

What is the main difference between FLRG and VALQ?

FLRG is categorized as Large Cap Blend Equities, while VALQ is Quality Factor. FLRG tracks Fidelity U.S. Multifactor Index, while VALQ tracks iSTOXX American Century USA Quality Value Index. They also come from different issuers: Fidelity and American Century. Their fees differ too: 0.15% for FLRG and 0.29% for VALQ.

Which has better risk-adjusted returns?

FLRG currently has the higher Sharpe Ratio (1.54 vs 1.46), 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.