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ETFs

Fidelity Low Volatility Factor ETF

FDLO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 12 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$2,592,537
AUM
$563,246,950
Associated Index
Fidelity U.S. Low Volatility Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.17%
MSFT
Microsoft Corporation
6.66%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.04%
LLY
Lilly(Eli) & Co
1.84%
UNH
Unitedhealth Group Inc
1.79%
JPM
JPMorgan Chase & Co.
1.63%
V
Visa Inc - Ordinary Shares - Class A
1.56%
JNJ
Johnson & Johnson
1.50%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.47%
HD
Home Depot, Inc.
1.44%
Invest with FDLO

What is FDLO?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

ETFs related toFDLO

ETFs correlated to FDLO include QUS, OUSA, VIG

FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
DGRW
WisdomTree Trust - WisdomTree U.S. Quality Dividend Growth Fund
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFDLO

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FDLO using Composer

FAQ

FDLO is a US Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

FDLO tracks the Fidelity U.S. Low Volatility Factor Index.

No, FDLO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDLO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDLO is -0.0045%. This is the percent change in the value of FDLO over the most recent 1-month period. The 3-month return on FDLO is 0.0083%. This is the percent change in the value of FDLO over the most recent 3-month period.

The standard deviation of FDLO for the past year is 0.1397%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDLO include SPHQ, SPHB, and DSI.

ETFs correlated to FDLO include QUS, OUSA, and VIG.

ETFs that are inversely correlated to FDLO include SPXU, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.