FPFD vs. FDRR
Compare and contrast key facts about Fidelity Preferred Securities & Income ETF (FPFD) and Fidelity Dividend ETF for Rising Rates (FDRR).
FPFD and FDRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPFD or FDRR.
Correlation
The correlation between FPFD and FDRR is 0.42, 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
FPFD vs. FDRR - Performance Comparison
Key characteristics
FPFD:
2.06
FDRR:
2.01
FPFD:
3.00
FDRR:
2.77
FPFD:
1.39
FDRR:
1.37
FPFD:
0.87
FDRR:
3.00
FPFD:
8.77
FDRR:
12.65
FPFD:
0.93%
FDRR:
1.81%
FPFD:
3.96%
FDRR:
11.41%
FPFD:
-20.83%
FDRR:
-36.52%
FPFD:
-2.73%
FDRR:
-1.56%
Returns By Period
In the year-to-date period, FPFD achieves a 8.38% return, which is significantly lower than FDRR's 22.73% return.
FPFD
8.38%
-1.16%
2.62%
7.81%
N/A
N/A
FDRR
22.73%
-1.16%
10.36%
22.63%
11.43%
N/A
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FPFD vs. FDRR - Expense Ratio Comparison
FPFD has a 0.59% expense ratio, which is higher than FDRR's 0.29% expense ratio.
Risk-Adjusted Performance
FPFD vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Preferred Securities & Income ETF (FPFD) and Fidelity Dividend ETF for Rising Rates (FDRR). 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
FPFD vs. FDRR - Dividend Comparison
FPFD's dividend yield for the trailing twelve months is around 4.28%, more than FDRR's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FPFD Fidelity Preferred Securities & Income ETF | 4.28% | 5.09% | 5.22% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.56% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
Drawdowns
FPFD vs. FDRR - Drawdown Comparison
The maximum FPFD drawdown since its inception was -20.83%, smaller than the maximum FDRR drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FPFD and FDRR. For additional features, visit the drawdowns tool.
Volatility
FPFD vs. FDRR - Volatility Comparison
The current volatility for Fidelity Preferred Securities & Income ETF (FPFD) is 1.16%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 3.39%. This indicates that FPFD experiences smaller price fluctuations and is considered to be less risky than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.