FULVX vs. FDLO
Compare and contrast key facts about Fidelity U.S. Low Volatility Equity Fund (FULVX) and Fidelity Low Volatility Factor ETF (FDLO).
FULVX is managed by Fidelity. It was launched on Nov 5, 2019. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. 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: FULVX or FDLO.
Key characteristics
| FULVX | FDLO | |
|---|---|---|
| YTD Return | 15.64% | 15.91% |
| 1Y Return | 20.80% | 23.13% |
| 3Y Return (Ann) | 5.37% | 9.11% |
| Sharpe Ratio | 2.32 | 2.38 |
| Daily Std Dev | 9.01% | 9.21% |
| Max Drawdown | -33.24% | -34.35% |
| Current Drawdown | -0.32% | 0.00% |
Correlation
The correlation between FULVX and FDLO is 0.92, 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
FULVX vs. FDLO - Performance Comparison
The year-to-date returns for both investments are quite close, with FULVX having a 15.64% return and FDLO slightly higher at 15.91%. 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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FULVX vs. FDLO - Expense Ratio Comparison
FULVX has a 0.66% expense ratio, which is higher than FDLO's 0.29% expense ratio.
Risk-Adjusted Performance
FULVX vs. FDLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and Fidelity Low Volatility Factor ETF (FDLO). 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
FULVX vs. FDLO - Dividend Comparison
FULVX's dividend yield for the trailing twelve months is around 1.21%, more than FDLO's 0.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.21% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% | 0.00% | 0.00% | 0.00% |
FDLO Fidelity Low Volatility Factor ETF | 0.96% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% |
Drawdowns
FULVX vs. FDLO - Drawdown Comparison
The maximum FULVX drawdown since its inception was -33.24%, roughly equal to the maximum FDLO drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for FULVX and FDLO. For additional features, visit the drawdowns tool.
Volatility
FULVX vs. FDLO - Volatility Comparison
Fidelity U.S. Low Volatility Equity Fund (FULVX) has a higher volatility of 2.37% compared to Fidelity Low Volatility Factor ETF (FDLO) at 2.16%. This indicates that FULVX's price experiences larger fluctuations and is considered to be riskier than FDLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.