First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
Fidelity Low Volatility Factor ETF
$74.66+0.13 (+0.17%)
- 0.15%
- $1.38B
- +14.9%
- 1.34%
- 63K sh
- low $63.36high $75.04
The ETF.net FDLO Grade
B
Score 65 out of 100
- 6 of 16
Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 5 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A76 out of 100Rank 9 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 5 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 6 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 13 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 4 of 16
Our read on FDLO
In short
BFidelity's in-house take on low volatility: roughly 130 US stocks drawn from an index Fidelity built itself, priced under the category median and matched to what the category's biggest name charges.
Stated mandate
The fund seeks investment returns that generally correspond, before fees and expenses, to the performance of the Fidelity U.S. Low Volatility Factor Index.
Why people hold it
Worth knowing
FDLO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FDLO$11,490
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FDLO |
|---|---|
| Year to date | +12.9% |
| 1 month | +5.5% |
| 3 months | +4.2% |
| 1 year | +14.9% |
| 3 years | +17.1% |
| 5 years | +9.7% |
| 10 years | +13.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FDLO |
|---|---|---|
| 2026 YTD | +12.9% | |
| 2025 | +11.8% | |
| 2024 | +16.1% | |
| 2023 | +16.4% | |
| 2022 | −10.4% | |
| 2021 | +24.0% | |
| 2020 | +12.2% |
FDLO in the news
FDLO Dividends
- 1.34%
- $1.00
- $0.23 per share
- Quarterly
FDLO Risk
- 10.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.17
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FDLO Cost
Overpaying vs QLV, cheapest in US Low Volatility Index
$1,448
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FDLO 0.15%
$3,137
QLV 0.08% Cheapest
$1,689
Cost over time
Year by year
| Year | FDLO | QLV | Overpaying |
|---|---|---|---|
| 10 | $274 | $147 | $127 |
| 20 | $1,071 | $575 | $496 |
| 30 | $3,137 | $1,689 | $1,448 |
Other funds in US Low Volatility Index
- BSMLVState Street SPDR US Small Cap Low Volatility Index ETFExpense ratio 0.12%1 year return +25.8%
- BONEVState Street SPDR Russell 1000 Low Volatility Focus ETFExpense ratio 0.20%1 year return +17.6%
- BSMMViShares MSCI USA Small-Cap Min Vol Factor ETFExpense ratio 0.20%1 year return +13.4%
- BSPLVInvesco S&P 500 Low Volatility ETFExpense ratio 0.25%1 year return +10.9%
- BVFMVVanguard U.S. Minimum Volatility ETFExpense ratio 0.13%1 year return +16.7%
