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FDLOvsFVALETF Comparison

ETF 1
FDLO

Fidelity Low Volatility Factor ETF

This fund is part of
US Low Volatility
+0.16%
VS
ETF 2
FVAL

Fidelity Value Factor ETF

This fund is part of
US Large Cap Value
-0.01%

Fidelity Low Volatility Factor ETF (FDLO) belongs to the US Low Volatility segment. Fidelity Value Factor ETF (FVAL) is part of the US Large Cap Value segment. FDLO's top 3 sector exposures are Information Technology, Financials and Communication Services. In contrast, FVAL's top sector exposures are Information Technology, Financials and Consumer Discretionary. Both FDLO and FVAL have the same Total Expense Ratio (TER) of 0.15%. FDLO is up 2.34% year-to-date (YTD) with -$113M in YTD flows. FVAL performs better with 4.42% YTD performance, and +$45M in YTD flows. Run a side-by-side ETF comparison of FDLO and FVAL 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 FVAL performance and flow charts

Performance

024681012%Mar 30Apr 7Apr 14Apr 21Apr 28

Cumulative Flows

-40 M-30 M-20 M-10 M0 M10 M20 M30 MMar 30Apr 7Apr 14Apr 21Apr 28

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Historic performance and flows
Data as of 04/28/2026
1M3MYTD1Y3Y5Y
Perf.
FDLO
FVAL
+7.06%+11.31%
+0.40%+2.03%
+2.34%+4.42%
+17.24%+31.79%
+45.66%+69.99%
+58.98%+74.35%
Flows
FDLO
FVAL
-$40M+$25M
-$82M+$41M
-$113M+$45M
+$48M+$48M
+$533M+$341M
+$563M+$444M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FDLO
FVAL
+10.61%+14.12%
+9.28%+12.14%
+11.23%+14.27%
+13.40%+16.43%
Max drawdown
FDLO
FVAL
-7.10%-8.88%
-7.10%-8.88%
-13.57%-18.14%
-19.20%-23.38%
Max drawdown duration
FDLO
FVAL
73d72d
73d72d
131d131d
688d702d
Trading data

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FDLO
FVAL
Last sale
4/29/2026 at 1:30 PM
$68.21
$75.14
Previous close
04/28/2026
$68.10
$75.23
Consolidated volume
04/28/2026
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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FDLO
FVAL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
FDLO
FVAL
Last price
$68.21
$75.14
1D performance
+0.16%
-0.11%
AuM$1.39 B$1.20 B
E/R0.15%0.15%
Characteristics
FDLO
FVAL
Management strategyPassivePassive
ProviderFidelityFidelity
BenchmarkFidelity U.S. Low Volatility Factor IndexFidelity U.S. Value Factor Index
N° of holdings122120
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateSeptember 12, 2016September 12, 2016
ESGNoNo
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Exposure

Countries

FDLO
USA
95.82%
Other
4.18%
FVAL
USA
96.61%
Other
3.39%

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%
FVAL
Information Techn.
33.87%
Financials
10.51%
Consumer Discreti.
10.1%
Health Care
10.04%
Communication Ser.
9.31%
Industrials
9.2%
Other
16.97%
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Diversification

FDLO

Total weight of top 15 holdings out of 15

40.68%
FVAL

Total weight of top 15 holdings out of 15

45.43%

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%
MOTOROLA SOLUTIONS
1.40%
ANALOG DEVICES
1.40%
AMPHENOL
1.40%
INTL BUSINESS MACHINES CORP
1.35%
FVAL
NVIDIA
7.56%
APPLE
6.86%
ALPHABET INC-CL
5.06%
MICROSOFT-T
5.05%
AMAZON.COM INC
3.81%
BROADCOM LIMITED
3.13%
META PLATFORMS
2.20%
BERKSHIRE HATHWAY
2.05%
LILLY
1.59%
JOHNSON&JOHNSON
1.53%
EXXON
1.46%
VISA INCORPORATION
1.38%
MICRON TECHNOLOGY
1.37%
WALMART INC
1.23%
ABBVIE
1.15%
Frequently asked questions about FDLO and FVAL

How have the FDLO and FVAL ETFs performed in 2026?

As of April 28, 2026, FDLO is up 2.34% year-to-date (YTD), while FVAL has returned 4.42%. That puts FVAL better performer ahead so far this year.

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

Year-to-date, the FDLO ETF saw -$113M in flows, compared to +$45M for FVAL.

Which ETF is more volatile: FDLO or FVAL?

Over the past year, FDLO had a volatility of 9.28%, while FVAL experienced 12.14%.

Which ETF is bigger: FDLO or FVAL?

As of April 28, 2026, FDLO holds $1.39 B in assets under management (AUM), while FVAL manages $1.20 B.

What sectors do the FDLO and FVAL ETFs invest in?

FDLO leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, FVAL focuses on Information Technology, Financials and Consumer Discretionary.

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

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

Which ETF is more diversified: FDLO or FVAL?

FDLO holds 123 securities with 40.68% of its assets in the top 15. FVAL has 123 securities and a top 15 weight of 45.43%.

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