FOVL vs. FRTY
Compare and contrast key facts about iShares Focused Value Factor ETF (FOVL) and Alger Mid Cap 40 ETF (FRTY).
FOVL and FRTY 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. FRTY is an actively managed fund by Alger Group Holdings LLC. It was launched on Feb 26, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOVL or FRTY.
Correlation
The correlation between FOVL and FRTY is 0.53, 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.
Performance
FOVL vs. FRTY - Performance Comparison
Key characteristics
FOVL:
1.66
FRTY:
0.91
FOVL:
2.40
FRTY:
1.31
FOVL:
1.30
FRTY:
1.18
FOVL:
3.01
FRTY:
0.55
FOVL:
7.31
FRTY:
5.46
FOVL:
3.71%
FRTY:
4.02%
FOVL:
16.32%
FRTY:
24.01%
FOVL:
-49.46%
FRTY:
-53.14%
FOVL:
-3.55%
FRTY:
-21.70%
Returns By Period
In the year-to-date period, FOVL achieves a 4.05% return, which is significantly higher than FRTY's -0.05% return.
FOVL
4.05%
0.16%
12.12%
25.88%
11.16%
N/A
FRTY
-0.05%
-8.20%
14.63%
19.63%
N/A
N/A
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FOVL vs. FRTY - Expense Ratio Comparison
FOVL has a 0.25% expense ratio, which is lower than FRTY's 0.60% expense ratio.
Risk-Adjusted Performance
FOVL vs. FRTY — Risk-Adjusted Performance Rank
FOVL
FRTY
FOVL vs. FRTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) and Alger Mid Cap 40 ETF (FRTY). 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
FOVL vs. FRTY - Dividend Comparison
FOVL's dividend yield for the trailing twelve months is around 2.00%, more than FRTY's 0.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FOVL iShares Focused Value Factor ETF | 2.00% | 2.08% | 2.59% | 3.38% | 2.80% | 2.88% | 2.09% |
FRTY Alger Mid Cap 40 ETF | 0.10% | 0.10% | 0.00% | 0.00% | 5.35% | 0.00% | 0.00% |
Drawdowns
FOVL vs. FRTY - Drawdown Comparison
The maximum FOVL drawdown since its inception was -49.46%, smaller than the maximum FRTY drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for FOVL and FRTY. For additional features, visit the drawdowns tool.
Volatility
FOVL vs. FRTY - Volatility Comparison
The current volatility for iShares Focused Value Factor ETF (FOVL) is 2.95%, while Alger Mid Cap 40 ETF (FRTY) has a volatility of 10.84%. This indicates that FOVL experiences smaller price fluctuations and is considered to be less risky than FRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.