FULVX vs. ORDNX

Last updated Aug 1, 2026

FULVX (Fidelity U.S. Low Volatility Equity Fund) and ORDNX (North Square Preferred and Income Securities Fund) are both mutual funds - FULVX is a Low Volatility fund managed by Fidelity, while ORDNX is a Preferred Stock fund managed by North Square. Their 0.51 correlation means they have sometimes moved together and sometimes differently. FULVX charges 0.66%/yr vs 1.27%/yr for ORDNX.

Performance

FULVX vs. ORDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Low Volatility Equity Fund (FULVX) and North Square Preferred and Income Securities Fund (ORDNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FULVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ORDNX

• 1D: -0.06%
• 1M: -0.86%
• 6M: 0.40%
• YTD: 1.10%
• 1Y: 3.83%
• 3Y*: 9.50%
• 5Y*: 5.87%
• 10Y*: 11.18%
• ALL TIME*: 10.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ORDNX North Square Preferred and Income Securities Fund	$0.00	$0.00	$0.00

FULVX vs. ORDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%
ORDNX North Square Preferred and Income Securities Fund	1.10%	7.30%	14.81%	15.24%	-14.22%	27.51%	12.29%	5.80%

Correlation

The correlation between FULVX and ORDNX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.26
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.51

Over the past year, the correlation between FULVX and ORDNX has dropped to 0.17 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

FULVX vs. ORDNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ORDNX

ORDNX Risk / Return Rank: 59
ORDNX Sharpe Ratio Rank: 72
ORDNX Sortino Ratio Rank: 71
ORDNX Omega Ratio Rank: 76
ORDNX Calmar Ratio Rank: 34
ORDNX Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FULVX vs. ORDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and North Square Preferred and Income Securities Fund (ORDNX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FULVX	ORDNX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.67	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	1.45	—
Martin ratio: Return relative to average drawdown	—	5.86	—

Drawdowns

Drawdown Indicators

	FULVX	ORDNX	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.40%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.40%	—
Current Drawdown Current decline from peak	—	-0.90%	—
Average Drawdown Average peak-to-trough decline	—	-3.77%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	FULVX	ORDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.39%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.07%	—

FULVX vs. ORDNX - Expense Ratio Comparison

FULVX has a 0.66% expense ratio, which is lower than ORDNX's 1.27% expense ratio.

Dividends

FULVX vs. ORDNX - Dividend Comparison

FULVX's dividend yield for the trailing twelve months is around 8.06%, more than ORDNX's 6.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%
ORDNX North Square Preferred and Income Securities Fund	6.78%	6.99%	5.50%	5.72%	15.30%	8.48%	2.77%	1.85%	3.13%	1.22%	2.65%	2.98%

Frequently Asked Questions

Can I hold both FULVX and ORDNX in my portfolio?

FULVX and ORDNX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.