FLRG vs. VGIT
FLRG (Fidelity U.S. Multifactor ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - FLRG is a Large Cap Growth Equities fund tracking the Fidelity U.S. Multifactor Index, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 5 years, FLRG returned 12.45%/yr vs 0.01%/yr for VGIT. At a 0.09 correlation, their price movements are largely independent. FLRG charges 0.29%/yr vs 0.03%/yr for VGIT.
Performance
FLRG vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, FLRG achieves a 7.49% return, which is significantly higher than VGIT's -0.29% return.
FLRG
- 1D
- 0.59%
- 1M
- -0.73%
- YTD
- 7.49%
- 6M
- 6.89%
- 1Y
- 17.66%
- 3Y*
- 18.22%
- 5Y*
- 12.45%
- 10Y*
- —
VGIT
- 1D
- -0.12%
- 1M
- 0.16%
- YTD
- -0.29%
- 6M
- 0.04%
- 1Y
- 3.43%
- 3Y*
- 3.69%
- 5Y*
- 0.01%
- 10Y*
- 1.20%
FLRG vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 7.49% | 13.92% | 23.36% | 18.31% | -10.98% | 29.36% | 9.90% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.29% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | -0.36% |
Correlation
The correlation between FLRG and VGIT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.09 |
The correlation between FLRG and VGIT shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLRG vs. VGIT — Risk / Return Rank
FLRG
VGIT
FLRG vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.13 | +1.19 |
| Martin ratioReturn relative to average drawdown | 8.93 | 3.18 | +5.75 |
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Drawdowns
FLRG vs. VGIT - Drawdown Comparison
The maximum FLRG drawdown since its inception was -19.64%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for FLRG and VGIT.
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Drawdown Indicators
| FLRG | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -16.05% | -3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -2.83% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -4.34% | -12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -15.02% | -4.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.05% | — |
Current DrawdownCurrent decline from peak | -1.87% | -2.22% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -3.52% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.01% | +0.85% |
Volatility
FLRG vs. VGIT - Volatility Comparison
Fidelity U.S. Multifactor ETF (FLRG) has a higher volatility of 3.57% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.15%. This indicates that FLRG's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRG | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 1.15% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 2.40% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 3.34% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 5.38% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 4.50% | +10.53% |
FLRG vs. VGIT - Expense Ratio Comparison
FLRG has a 0.29% expense ratio, which is higher than VGIT's 0.03% expense ratio.
Dividends
FLRG vs. VGIT - Dividend Comparison
FLRG's dividend yield for the trailing twelve months is around 1.36%, less than VGIT's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.36% | 1.42% | 1.42% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
FLRG and VGIT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRG has higher volatility (3.57%) compared to VGIT (1.15%). In terms of maximum drawdown, FLRG dropped -19.64% vs VGIT's -16.05%.
On 5-year performance, FLRG leads with 12.45% vs 0.01% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRG has performed better with a 12.45% return vs 0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.29% for FLRG.
VGIT has the higher dividend yield at 3.86%, compared with 1.36% for FLRG.
FLRG is categorized as Large Cap Growth Equities, while VGIT is Government Bonds. FLRG tracks Fidelity U.S. Multifactor Index, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.29% for FLRG and 0.03% for VGIT.
FLRG currently has the higher Sharpe Ratio (1.58 vs 0.96), 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.
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