FMIL vs. FLRG
Compare and contrast key facts about Fidelity New Millennium ETF (FMIL) and Fidelity U.S. Multifactor ETF (FLRG).
FMIL and FLRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020. FLRG is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Multifactor Index. It was launched on Sep 15, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMIL or FLRG.
Key characteristics
| FMIL | FLRG | |
|---|---|---|
| YTD Return | 32.29% | 28.73% |
| 1Y Return | 42.53% | 37.24% |
| 3Y Return (Ann) | 17.71% | 11.75% |
| Sharpe Ratio | 3.30 | 3.33 |
| Sortino Ratio | 4.44 | 4.51 |
| Omega Ratio | 1.60 | 1.62 |
| Calmar Ratio | 4.92 | 6.11 |
| Martin Ratio | 23.70 | 23.07 |
| Ulcer Index | 1.86% | 1.71% |
| Daily Std Dev | 13.32% | 11.78% |
| Max Drawdown | -15.87% | -19.64% |
| Current Drawdown | 0.00% | -0.06% |
Correlation
The correlation between FMIL and FLRG is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMIL vs. FLRG - Performance Comparison
In the year-to-date period, FMIL achieves a 32.29% return, which is significantly higher than FLRG's 28.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMIL vs. FLRG - Expense Ratio Comparison
FMIL has a 0.59% expense ratio, which is higher than FLRG's 0.29% expense ratio.
Risk-Adjusted Performance
FMIL vs. FLRG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) and Fidelity U.S. Multifactor ETF (FLRG). 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.
Dividends
FMIL vs. FLRG - Dividend Comparison
FMIL's dividend yield for the trailing twelve months is around 0.59%, less than FLRG's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FMIL Fidelity New Millennium ETF | 0.59% | 0.23% | 1.43% | 1.68% | 0.48% |
FLRG Fidelity U.S. Multifactor ETF | 1.22% | 1.39% | 1.62% | 1.36% | 1.47% |
Drawdowns
FMIL vs. FLRG - Drawdown Comparison
The maximum FMIL drawdown since its inception was -15.87%, smaller than the maximum FLRG drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FMIL and FLRG. For additional features, visit the drawdowns tool.
Volatility
FMIL vs. FLRG - Volatility Comparison
Fidelity New Millennium ETF (FMIL) and Fidelity U.S. Multifactor ETF (FLRG) have volatilities of 4.05% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.