FLRG vs. VIGI

Last updated Jun 14, 2026

FLRG (Fidelity U.S. Multifactor ETF) and VIGI (Vanguard International Dividend Appreciation ETF) are both exchange-traded funds - FLRG is a Large Cap Growth Equities fund tracking the Fidelity U.S. Multifactor Index, while VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index. Both are passively managed. Over the past 5 years, FLRG returned 12.45%/yr vs 4.27%/yr for VIGI. A 0.74 correlation means they provide meaningful diversification when combined. FLRG charges 0.29%/yr vs 0.15%/yr for VIGI.

Performance

FLRG vs. VIGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Multifactor ETF (FLRG) and Vanguard International Dividend Appreciation ETF (VIGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLRG achieves a 7.49% return, which is significantly higher than VIGI's 3.10% return.

FLRG

• 1D: 0.59%
• 1M: -0.73%
• YTD: 7.49%
• 6M: 6.89%
• 1Y: 17.66%
• 3Y*: 18.22%
• 5Y*: 12.45%
• 10Y*: —

VIGI

• 1D: -0.22%
• 1M: 0.88%
• YTD: 3.10%
• 6M: 3.92%
• 1Y: 6.49%
• 3Y*: 9.51%
• 5Y*: 4.27%
• 10Y*: 8.31%

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

FLRG vs. VIGI - 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%
VIGI Vanguard International Dividend Appreciation ETF	3.10%	16.88%	2.73%	16.30%	-16.79%	12.51%	11.15%

Correlation

The correlation between FLRG and VIGI is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.74

The correlation between FLRG and VIGI has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

FLRG vs. VIGI - Sectors Allocation Comparison

Sectors	FLRG	VIGI
Technology	38.8%	11.5%
Financial Services	11.4%	29.0%
Communication Services	9.9%	1.3%
Consumer Cyclical	9.5%	3.1%
Healthcare	9.1%	14.6%
Industrials	7.3%	17.1%
Consumer Defensive	4.5%	9.7%
Energy	4.3%	2.8%
Basic Materials	2.3%	4.1%
Real Estate	2.0%	1.3%
Utilities	1.0%	4.8%

Return for Risk

FLRG vs. VIGI — Risk / Return Rank

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

FLRG

FLRG Risk / Return Rank: 54
FLRG Sharpe Ratio Rank: 53
FLRG Sortino Ratio Rank: 53
FLRG Omega Ratio Rank: 52
FLRG Calmar Ratio Rank: 53
FLRG Martin Ratio Rank: 58

VIGI

VIGI Risk / Return Rank: 16
VIGI Sharpe Ratio Rank: 16
VIGI Sortino Ratio Rank: 15
VIGI Omega Ratio Rank: 15
VIGI Calmar Ratio Rank: 16
VIGI Martin Ratio Rank: 18

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. VIGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) and Vanguard International Dividend Appreciation ETF (VIGI). 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	VIGI	Difference
Sharpe ratio: Return per unit of total volatility	1.58	0.39	+1.19
Sortino ratio: Return per unit of downside risk	2.24	0.64	+1.60
Omega ratio: Gain probability vs. loss probability	1.28	1.08	+0.21
Calmar ratio: Return relative to maximum drawdown	2.31	0.48	+1.83
Martin ratio: Return relative to average drawdown	8.93	1.70	+7.23

FLRG vs. VIGI - Sharpe Ratio Comparison

The current FLRG Sharpe Ratio is 1.58, which is higher than the VIGI Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of FLRG and VIGI, 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. VIGI - Drawdown Comparison

The maximum FLRG drawdown since its inception was -19.64%, smaller than the maximum VIGI drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for FLRG and VIGI.

Drawdown Indicators

	FLRG	VIGI	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-31.01%	+11.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-10.64%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	-14.50%	-2.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.64%	-28.80%	+9.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.01%	—
Current Drawdown Current decline from peak	-1.87%	-2.03%	+0.16%
Average Drawdown Average peak-to-trough decline	-3.73%	-6.17%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	3.04%	-1.18%

Volatility

FLRG vs. VIGI - Volatility Comparison

Fidelity U.S. Multifactor ETF (FLRG) has a higher volatility of 3.57% compared to Vanguard International Dividend Appreciation ETF (VIGI) at 3.35%. This indicates that FLRG's price experiences larger fluctuations and is considered to be riskier than VIGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLRG	VIGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.35%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	10.40%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	13.20%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	14.47%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	15.87%	-0.84%

FLRG vs. VIGI - Expense Ratio Comparison

FLRG has a 0.29% expense ratio, which is higher than VIGI's 0.15% expense ratio.

Dividends

FLRG vs. VIGI - Dividend Comparison

FLRG's dividend yield for the trailing twelve months is around 1.36%, less than VIGI's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VIGI Vanguard International Dividend Appreciation ETF	2.14%	2.14%	1.93%	1.92%	2.06%	7.02%	1.29%	1.83%	1.99%	1.75%	1.05%

Frequently Asked Questions

Can I hold both FLRG and VIGI in my portfolio?

FLRG and VIGI have a correlation of 0.70, 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 VIGI?

FLRG has higher volatility (3.57%) compared to VIGI (3.35%). In terms of maximum drawdown, FLRG dropped -19.64% vs VIGI's -31.01%.

Which ETF is better, FLRG or VIGI?

On 5-year performance, FLRG leads with 12.45% vs 4.27% for VIGI. On fees, VIGI is cheaper at 0.15% per year. On volatility, VIGI has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLRG or VIGI?

Over the 5-year period, FLRG has performed better with a 12.45% return vs 4.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLRG or VIGI?

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

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

VIGI has the higher dividend yield at 2.14%, compared with 1.36% for FLRG.

What is the main difference between FLRG and VIGI?

FLRG is categorized as Large Cap Growth Equities, while VIGI is Dividend. FLRG tracks Fidelity U.S. Multifactor Index, while VIGI tracks S&P Global Ex-U.S. Dividend Growers Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.29% for FLRG and 0.15% for VIGI.

Which has better risk-adjusted returns?

FLRG currently has the higher Sharpe Ratio (1.58 vs 0.39), 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.