FDLO
Fidelity Low Volatility Factor ETF
The Fidelity Low Volatility Factor ETF tracks an index of large-cap US stocks selected for low volatility of returns and earnings .
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.3 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 12, 2016 |
| Assets (mns) | $1,333 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 7.4 % |
| MICROSOFT CORP | 6.1 % |
| ALPHABET INC. CLASS A | 3.9 % |
| AMAZON.COM INC | 3.7 % |
| BROADCOM INC. | 2.4 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.2 % |
| ELI LILLY & CO | 1.7 % |
| JPMORGAN CHASE & CO | 1.7 % |
| VISA INC. CLASS A | 1.6 % |
| CISCO SYSTEMS INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 130 |
| Herfindahl-Hirschman Index | 196 |
| Wgt avg mkt cap (mns) | $778,218 |
| Large cap (>$10bn) | 98.8% |
| Mid cap ($2-10bn) | 1.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
IRELAND | 1.8 % |
 |
SWITZERLAND | 1.3 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.7% | 10.3% | 10.5% | 8.2% | 11.5% | -- | -- | 10.5% |
| Dividend Yield | 0.4% | 1.2% | 1.4% | 1.5% | 1.5% | -- | -- | 1.7% |
| Total Returns | -1.3% | 11.5% | 11.9% | 9.7% | 13.0% | -- | -- | 12.2% | Ann. Volatility | 21.0% | 14.3% | 11.9% | 14.1% | 14.3% | -- | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 89% |
| MSCI EAFE | 0.63 | 66% |
| MSCI Emg Mkts | 0.42 | 28% |
Liquidity Measures
| Avg. volume (000) | 239 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $69,850 |
Technical Indicators
| Recent close | $59.55 |
| 30d moving avg. | $58.77 |
| Annualized volatility | 13.2% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDLO |
Expenses vs. FDLO |
ALTAR Score™ vs. FDLO |
|---|---|---|---|---|
| MGC | Vanguard Mega Cap ETF | 56.8% | -8 bp | -0.3% |
| IWL | iShares Russell Top 200 ETF | 56.4% | 0 bp | -0.4% |
| OEF | iShares S&P 100 ETF | 54.0% | +5 bp | -0.4% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 53.7% | +60 bp | -1.1% |
| TOV | JLens 500 Jewish Advocacy U.S. ETF | 53.1% | +3 bp | -0.4% |
| VOOV | Vanguard S&P 500 Value ETF | 53.1% | -5 bp | +1.1% |
| IVE | iShares S&P 500 Value ETF | 53.1% | +3 bp | +1.1% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 53.0% | -11 bp | +1.2% |
| IVV | iShares Core S&P 500 ETF | 52.8% | -12 bp | -0.1% |
| VOO | Vanguard S&P 500 ETF | 52.8% | -12 bp | -0.1% |
Risk and Returns: FDLO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FDLO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FDLO
5.6%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. FDLO's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places FDLO in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDLOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FDLO (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDLO | 15.0 | 7.8 | 22.8 |
| Peer Avg. | 36.6 | 15.3 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .