Fidelity Low Volatility Factor ETF
$71.29−0.41 (−0.57%)
- Expense ratio
- 0.15%
- Fund size
- $1.4B
- 1Y return
- +10.6%
- Yield · Last 12 months
- 1.39%
- Holdings
- 131
- Volume · 30D
- 0M sh
- NAV per share
- $71.94
- 52W range
The ETF.net FDLO Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 70Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 79Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 32Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 65Category rank
Our read on FDLO
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.
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
- 0.15% a year undercuts the low-vol category's median fee and matches USMV, the category heavyweight, while running a very different, tighter portfolio.
- Does the job it advertises: it hews closely to the Fidelity U.S. Low Volatility Factor Index rather than drifting into a generic large-cap blend.
- Trading is smooth for a factor fund: a multi-billion-dollar portfolio with steady daily volume, so getting in and out is rarely the hard part.
- Running since 2016 with a real track record behind it, and it sits in the upper half of the US low-volatility group on our review.
Worth knowing
- Low volatility means a steadier ride than the broad market, not a shield. This is a fully invested US stock fund, and stock funds fall.
- About 130 names is a narrow roster for a large-cap fund, and the resulting sector tilts are where it looks thinner than peers holding wider baskets.
- The benchmark is Fidelity's own index, so the rules and any future tweaks sit with the issuer rather than an independent index provider.
FDLO Holdings
- Stocks
- 131
- 37%
- AAPL
Sectors
- Technology37.1%
- Financials12.4%
- Health Care9.8%
- Communication9.6%
- Industrials8.8%
- Consumer Discr.8.6%
- Cons. Staples4.3%
- Energy3.7%
- Utilities2.0%
- Real Estate1.9%
- Materials1.7%
Geography
- United States95.48%
- Ireland3.18%
- Switzerland0.93%
- United Kingdom0.41%
FDLO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +8.7% |
| 1 month | −1.0% |
| 3 months | +6.2% |
| 1 year | +10.6% |
| 3 years | +15.1% |
| 5 years | +9.7% |
| 10 years | +12.6% |
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 | +8.7% | |
| 2025 | +11.8% | |
| 2024 | +16.1% | |
| 2023 | +16.4% | |
| 2022 | −10.4% | |
| 2021 | +24.0% | |
| 2020 | +12.2% |
FDLO in the news
ETF.net Research hasn’t filed on FDLO yet — coverage lands here as it’s written.
FDLO Dividends
- 1.39%
- $1.00
- $0.23 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.23 |
| Jun 18, 2026 | Jun 23, 2026 | $0.26 |
| Mar 20, 2026 | Mar 24, 2026 | $0.28 |
| Dec 19, 2025 | Dec 23, 2025 | $0.22 |
| Sep 19, 2025 | Sep 23, 2025 | $0.22 |
| Jun 20, 2025 | Jun 24, 2025 | $0.23 |
| Mar 21, 2025 | Mar 25, 2025 | $0.24 |
| Dec 20, 2024 | Dec 24, 2024 | $0.22 |
| Sep 20, 2024 | Sep 24, 2024 | $0.20 |
| Jun 21, 2024 | Jun 25, 2024 | $0.20 |
| Mar 15, 2024 | Mar 20, 2024 | $0.23 |
| Dec 15, 2023 | Dec 20, 2023 | $0.16 |
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.
- 0.93
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.
FDLO Cost
- The middle half of US Low Volatility Index funds
- Median 0.20%
4 of the 16 US Low Volatility Index funds charge less.