Correlation
The correlation between FOVL and FELV is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FOVL vs. FELV
Compare and contrast key facts about iShares Focused Value Factor ETF (FOVL) and Fidelity Enhanced Large Cap Value ETF (FELV).
FOVL and FELV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FOVL is a passively managed fund by iShares that tracks the performance of the Focused Value Select Index. It was launched on Mar 19, 2019. FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOVL or FELV.
Performance
FOVL vs. FELV - Performance Comparison
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Key characteristics
FOVL:
0.93
FELV:
0.58
FOVL:
1.35
FELV:
0.86
FOVL:
1.18
FELV:
1.12
FOVL:
1.02
FELV:
0.55
FOVL:
3.35
FELV:
1.94
FOVL:
5.58%
FELV:
4.60%
FOVL:
21.03%
FELV:
17.07%
FOVL:
-49.47%
FELV:
-16.08%
FOVL:
-5.30%
FELV:
-4.96%
Returns By Period
In the year-to-date period, FOVL achieves a 2.16% return, which is significantly higher than FELV's 1.95% return.
FOVL
2.16%
6.91%
-5.16%
19.36%
11.49%
19.36%
N/A
FELV
1.95%
4.96%
-4.75%
9.79%
N/A
N/A
N/A
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FOVL vs. FELV - Expense Ratio Comparison
FOVL has a 0.25% expense ratio, which is higher than FELV's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FOVL vs. FELV — Risk-Adjusted Performance Rank
FOVL
FELV
FOVL vs. FELV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) and Fidelity Enhanced Large Cap Value ETF (FELV). 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.
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Dividends
FOVL vs. FELV - Dividend Comparison
FOVL's dividend yield for the trailing twelve months is around 2.49%, more than FELV's 1.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FOVL iShares Focused Value Factor ETF | 2.49% | 2.08% | 2.59% | 3.38% | 2.80% | 2.88% | 2.09% |
FELV Fidelity Enhanced Large Cap Value ETF | 1.61% | 2.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FOVL vs. FELV - Drawdown Comparison
The maximum FOVL drawdown since its inception was -49.47%, which is greater than FELV's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for FOVL and FELV.
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Volatility
FOVL vs. FELV - Volatility Comparison
iShares Focused Value Factor ETF (FOVL) has a higher volatility of 5.06% compared to Fidelity Enhanced Large Cap Value ETF (FELV) at 4.19%. This indicates that FOVL's price experiences larger fluctuations and is considered to be riskier than FELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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