PTL vs. FDLS

Last updated Aug 2, 2026

PTL (Inspire 500 ETF) and FDLS (Inspire Fidelis Multi Factor ETF) are both exchange-traded funds - PTL is a Large Cap Blend Equities fund tracking the Inspire 500 Index, while FDLS is a Mid Cap Blend Equities fund tracking the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. Both are passively managed. Over the past year, PTL returned 20.72% vs 35.82% for FDLS. Their correlation of 0.85 means they have usually moved in the same direction. PTL charges 0.09%/yr vs 0.76%/yr for FDLS.

Performance

PTL vs. FDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire 500 ETF (PTL) and Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTL achieves a 12.90% return, which is significantly lower than FDLS's 18.91% return.

PTL

• 1D: 0.07%
• 1M: -1.02%
• 6M: 9.83%
• YTD: 12.90%
• 1Y: 20.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.38%

FDLS

• 1D: 0.26%
• 1M: 0.93%
• 6M: 13.39%
• YTD: 18.91%
• 1Y: 35.82%
• 3Y*: 17.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.03%

*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)
FDLS Inspire Fidelis Multi Factor ETF	$1.07M	$1.36M	$1.52M
PTL Inspire 500 ETF	$3.78M	$6.34M	$10.56M

PTL vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTL Inspire 500 ETF	12.90%	17.92%	7.22%
FDLS Inspire Fidelis Multi Factor ETF	18.91%	22.47%	4.45%

Correlation

The correlation between PTL and FDLS is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024	0.85

The correlation between PTL and FDLS has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

PTL vs. FDLS - Sectors Allocation Comparison

Sectors	PTL	FDLS
Technology	30.7%	25.3%
Industrials	18.2%	13.0%
Energy	9.9%	9.2%
Financial Services	8.1%	15.3%
Real Estate	6.6%	1.9%
Consumer Cyclical	6.2%	7.5%
Utilities	6.2%	1.0%
Basic Materials	6.1%	7.5%
Healthcare	5.1%	12.8%
Consumer Defensive	2.1%	4.2%
Communication Services	0.3%	2.3%

Return for Risk

PTL vs. FDLS — Risk / Return Rank

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

PTL

PTL Risk / Return Rank: 56
PTL Sharpe Ratio Rank: 49
PTL Sortino Ratio Rank: 47
PTL Omega Ratio Rank: 46
PTL Calmar Ratio Rank: 72
PTL Martin Ratio Rank: 64

FDLS

FDLS Risk / Return Rank: 86
FDLS Sharpe Ratio Rank: 85
FDLS Sortino Ratio Rank: 85
FDLS Omega Ratio Rank: 82
FDLS Calmar Ratio Rank: 88
FDLS Martin Ratio Rank: 90

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.

PTL vs. FDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire 500 ETF (PTL) and Inspire Fidelis Multi Factor ETF (FDLS). 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.

	PTL	FDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.00	-0.78
Sortino ratio: Return per unit of downside risk	1.73	2.82	-1.10
Omega ratio: Gain probability vs. loss probability	1.22	1.35	-0.13
Calmar ratio: Return relative to maximum drawdown	2.53	3.57	-1.04
Martin ratio: Return relative to average drawdown	7.74	14.14	-6.40

PTL vs. FDLS - Sharpe Ratio Comparison

The current PTL Sharpe Ratio is 1.21, which is lower than the FDLS Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of PTL and FDLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTL vs. FDLS - Drawdown Comparison

The maximum PTL drawdown since its inception was -19.72%, smaller than the maximum FDLS drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for PTL and FDLS.

Drawdown Indicators

	PTL	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-23.32%	+3.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-9.55%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.32%	—
Current Drawdown Current decline from peak	-4.36%	-0.66%	-3.70%
Average Drawdown Average peak-to-trough decline	-2.53%	-3.76%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.41%	+0.06%

Volatility

PTL vs. FDLS - Volatility Comparison

Inspire 500 ETF (PTL) and Inspire Fidelis Multi Factor ETF (FDLS) have volatilities of 3.65% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTL	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.54%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	12.63%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	17.09%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	18.91%	-1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	18.91%	-1.23%

PTL vs. FDLS - Expense Ratio Comparison

PTL has a 0.09% expense ratio, which is lower than FDLS's 0.76% expense ratio.

Dividends

PTL vs. FDLS - Dividend Comparison

PTL's dividend yield for the trailing twelve months is around 1.16%, more than FDLS's 0.80% yield.

Position	TTM	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	0.80%	0.86%	7.26%	0.97%	0.31%
PTL Inspire 500 ETF	1.16%	1.24%	0.92%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTL and FDLS in my portfolio?

PTL and FDLS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTL or FDLS?

PTL has higher volatility (3.65%) compared to FDLS (3.54%). In terms of maximum drawdown, PTL dropped -19.72% vs FDLS's -23.32%.

Which ETF is better, PTL or FDLS?

On 1-year performance, FDLS leads with 35.82% vs 20.72% for PTL. On fees, PTL is cheaper at 0.09% per year. On volatility, FDLS has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTL or FDLS?

Over the 1-year period, FDLS has performed better with a 35.82% return vs 20.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTL or FDLS?

PTL is cheaper with a 0.09% expense ratio, compared with 0.76% for FDLS.

Which ETF pays a higher dividend yield, PTL or FDLS?

PTL has the higher dividend yield at 1.16%, compared with 0.80% for FDLS.

What is the main difference between PTL and FDLS?

PTL is categorized as Large Cap Blend Equities, while FDLS is Mid Cap Blend Equities. PTL tracks Inspire 500 Index, while FDLS tracks WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. Their fees differ too: 0.09% for PTL and 0.76% for FDLS.

Which has better risk-adjusted returns?

FDLS currently has the higher Sharpe Ratio (2.00 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.