SOVF vs. FDLS
Compare and contrast key facts about Sovereign's Capital Flourish Fund (SOVF) and Inspire Fidelis Multi Factor ETF (FDLS).
SOVF and FDLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOVF is an actively managed fund by Sovereign's. It was launched on Oct 2, 2023. FDLS is a passively managed fund by Inspire that tracks the performance of the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. It was launched on Aug 23, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOVF or FDLS.
Key characteristics
| SOVF | FDLS | |
|---|---|---|
| YTD Return | 10.99% | 11.99% |
| 1Y Return | 22.43% | 22.99% |
| Sharpe Ratio | 1.53 | 1.40 |
| Sortino Ratio | 2.21 | 2.00 |
| Omega Ratio | 1.27 | 1.25 |
| Calmar Ratio | 2.94 | 2.64 |
| Martin Ratio | 7.43 | 8.08 |
| Ulcer Index | 3.07% | 2.85% |
| Daily Std Dev | 14.87% | 16.42% |
| Max Drawdown | -7.76% | -15.20% |
| Current Drawdown | -2.30% | -2.96% |
Correlation
The correlation between SOVF and FDLS is 0.88, 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
SOVF vs. FDLS - Performance Comparison
In the year-to-date period, SOVF achieves a 10.99% return, which is significantly lower than FDLS's 11.99% return. 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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SOVF vs. FDLS - Expense Ratio Comparison
SOVF has a 0.75% expense ratio, which is lower than FDLS's 0.76% expense ratio.
Risk-Adjusted Performance
SOVF vs. FDLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sovereign's Capital Flourish Fund (SOVF) 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.
Dividends
SOVF vs. FDLS - Dividend Comparison
SOVF's dividend yield for the trailing twelve months is around 0.16%, less than FDLS's 1.07% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SOVF Sovereign's Capital Flourish Fund | 0.16% | 0.18% | 0.00% |
FDLS Inspire Fidelis Multi Factor ETF | 1.07% | 0.97% | 0.31% |
Drawdowns
SOVF vs. FDLS - Drawdown Comparison
The maximum SOVF drawdown since its inception was -7.76%, smaller than the maximum FDLS drawdown of -15.20%. Use the drawdown chart below to compare losses from any high point for SOVF and FDLS. For additional features, visit the drawdowns tool.
Volatility
SOVF vs. FDLS - Volatility Comparison
The current volatility for Sovereign's Capital Flourish Fund (SOVF) is 5.13%, while Inspire Fidelis Multi Factor ETF (FDLS) has a volatility of 5.85%. This indicates that SOVF experiences smaller price fluctuations and is considered to be less risky than FDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.