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FDLOvsDSPYETF Comparison

ETF 1

FDLO

Fidelity Low Volatility Factor ETF

This fund is part of

US Low Volatility

-0.43%

Full FDLO fund page

VS

ETF 2

DSPY

Tema S&P 500 Historical Weight ETF Strategy

This fund is part of

US Large Cap

+0.11%

Full DSPY fund page

Fidelity Low Volatility Factor ETF (FDLO) belongs to the US Low Volatility segment. Tema S&P 500 Historical Weight ETF Strategy (DSPY) is part of the US Large Cap segment. FDLO's top 3 sector exposures are Information Technology, Financials and Communication Services. In contrast, DSPY's top sector exposures are Information Technology, Financials and Health Care. FDLO is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.18% for DSPY. FDLO is up 2.14% year-to-date (YTD) with -$109M in YTD flows. DSPY performs better with 5.92% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of FDLO and DSPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FDLO vs DSPY performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FDLO DSPY	+7.04%+10.26%	-0.00%+3.27%	+2.14%+5.92%	+17.01%+27.97%	+46.36%n/a	+58.19%n/a
Flows	FDLO DSPY	-$40M+$910K	-$79M+$5M	-$109M+$5M	+$51M+$744M	+$539M-	+$567M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FDLO DSPY	+10.61%+13.87%	+9.30%+11.54%	+11.23%n/a	+13.40%n/a
Max drawdown	FDLO DSPY	-7.10%-7.53%	-7.10%-7.53%	-13.57%n/a	-19.20%n/a
Max drawdown duration	FDLO DSPY	73d47d	73d47d	131dn/a	688dn/a

Trading data

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	FDLO	DSPY
Last sale 4/27/2026 at 1:30 PM	$67.90	$61.65
Previous close 04/27/2026	$68.22	$61.70
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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DSPY

is actively managed and doesn’t replicate an index

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	FDLO	DSPY
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FDLO	DSPY
Last price	$67.90	$61.65
1D performance	-0.47%	-0.08%
AuM	$1.39 B	$829.90 M
E/R	0.15%	0.18%

Characteristics

	FDLO	DSPY
Management strategy	Passive	Active
Provider	Fidelity	Tema
Benchmark	Fidelity U.S. Low Volatility Factor Index	-
N° of holdings	122	475
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2016	March 31, 2025
ESG	No	No

More FDLO data on Trackinsight

More DSPY data on Trackinsight

Exposure

Countries

FDLO

USA

95.82%

Other

4.18%

DSPY

USA

95.67%

Other

4.33%

Sectors

FDLO

Information Techn.

33.82%

Financials

10.72%

Communication Ser.

10.02%

Consumer Discreti.

9.77%

Health Care

9.6%

Industrials

9.46%

Other

16.6%

DSPY

Information Techn.

26.01%

Financials

12.26%

Health Care

11.43%

Industrials

10.52%

Consumer Discreti.

9.42%

Communication Ser.

7.21%

Other

23.15%

Diversification

FDLO

Total weight of top 15 holdings out of 15

40.68%

DSPY

Total weight of top 15 holdings out of 15

25.84%

Top 15 holdings

Data as of March 31, 2026

FDLO

APPLE

7.26%

MICROSOFT-T

5.49%

ALPHABET INC-CL

5.39%

AMAZON.COM INC

3.72%

BROADCOM LIMITED

3.55%

BERKSHIRE HATHWAY

1.88%

CISCO-T

1.71%

JPMORGAN CHASE

1.70%

LILLY

1.55%

JOHNSON&JOHNSON

1.47%

EXXON

1.40%

ANALOG DEVICES

1.40%

MOTOROLA SOLUTIONS

1.40%

AMPHENOL

1.40%

INTL BUSINESS MACHINES CORP

1.35%

DSPY

NVIDIA

3.86%

APPLE

3.27%

AMAZON.COM INC

1.99%

MICROSOFT-T

1.97%

BROADCOM LIMITED

1.71%

META PLATFORMS

1.49%

TESLA

1.46%

BERKSHIRE HATHWAY

1.41%

EXXON

1.40%

JPMORGAN CHASE

1.31%

JOHNSON&JOHNSON

1.26%

LILLY

1.25%

ALPHABET INC-CL

1.23%

WALMART INC

1.16%

VISA INCORPORATION

1.07%

Frequently asked questions about FDLO and DSPY

How have the FDLO and DSPY ETFs performed in 2026?

As of April 27, 2026, FDLO is up 2.14% year-to-date (YTD), while DSPY has returned 5.92%. That puts DSPY better performer ahead so far this year.

Which ETF is attracting more investor money: FDLO or DSPY?

Year-to-date, the FDLO ETF saw -$109M in flows, compared to +$5M for DSPY.

Which ETF is more volatile: FDLO or DSPY?

Over the past year, FDLO had a volatility of 9.3%, while DSPY experienced 11.54%.

Which ETF is bigger: FDLO or DSPY?

As of April 27, 2026, FDLO holds $1.39 B in assets under management (AUM), while DSPY manages $829.90 M.

What sectors do the FDLO and DSPY ETFs invest in?

FDLO leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, DSPY focuses on Information Technology, Financials and Health Care.

What are the top holdings of the FDLO ETF and DSPY ETF?

FDLO top holdings include APPLE, MICROSOFT-T and ALPHABET INC-CL. DSPY holds in its top three: NVIDIA, APPLE and AMAZON.COM INC.

Which ETF is more diversified: FDLO or DSPY?

FDLO holds 123 securities with 40.68% of its assets in the top 15. DSPY has 498 securities and a top 15 weight of 25.84%.

Tema S&P 500 Historical Weight ETF (DSPY) Launches to Address Concentration Risk

April 1, 2025

DSPY

FDLOvsDSPYETF Comparison

Fidelity Low Volatility Factor ETF

Tema S&P 500 Historical Weight ETF Strategy

FDLO vs DSPY performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FDLO and DSPY ETFs performed in 2026?

As of April 27, 2026, FDLO is up 2.14% year-to-date (YTD), while DSPY has returned 5.92%. That puts DSPY better performer ahead so far this year.

Which ETF is attracting more investor money: FDLO or DSPY?

Year-to-date, the FDLO ETF saw -$109M in flows, compared to +$5M for DSPY.

Which ETF is more volatile: FDLO or DSPY?

Over the past year, FDLO had a volatility of 9.3%, while DSPY experienced 11.54%.

Which ETF is bigger: FDLO or DSPY?

As of April 27, 2026, FDLO holds $1.39 B in assets under management (AUM), while DSPY manages $829.90 M.

What sectors do the FDLO and DSPY ETFs invest in?

FDLO leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, DSPY focuses on Information Technology, Financials and Health Care.

What are the top holdings of the FDLO ETF and DSPY ETF?

FDLO top holdings include APPLE, MICROSOFT-T and ALPHABET INC-CL. DSPY holds in its top three: NVIDIA, APPLE and AMAZON.COM INC.

Which ETF is more diversified: FDLO or DSPY?

FDLO holds 123 securities with 40.68% of its assets in the top 15. DSPY has 498 securities and a top 15 weight of 25.84%.

Tema S&P 500 Historical Weight ETF (DSPY) Launches to Address Concentration Risk

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up