Fidelity U.S. Multifactor ETF
$42.07−0.01 (−0.02%)
- 0.15%
- $289M
- +14.2%
- 1.40%
- 0M sh
- $42.08
- low $35.95high $43.05
The ETF.net FLRG Grade
A
Score 69 out of 100
- 26 of 99
Score 69 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. The letter stays A for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.A84 out of 100Rank 12 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A87 out of 100Rank 36 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 33 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 39 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 80 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D38 out of 100Rank 73 of 99
Our read on FLRG
AFidelity's multifactor screen distilled into about 100 US large caps at 0.15% a year, less than half what the typical multifactor fund charges. A cheap, rules-based tilt instead of the plain index.
The fund seeks returns that generally correspond, before fees and expenses, to the performance of the Fidelity U.S. Multifactor Index.
Why people hold it
- 0.15% a year against a 0.32% median for US multifactor funds. On price it undercuts most of the aisle.
- Roughly 100 names, not 600. The screen actually shows up in the portfolio rather than getting diluted into a closet index fund.
- Tracks the published Fidelity U.S. Multifactor Index, so the tilt follows disclosed rules rather than a manager's discretion. Pays quarterly.institutional.fidelity.com
- Cost and risk profile put it in the upper half of a crowded factor-fund field.
Worth knowing
- Thinly traded. Spreads can widen, so limit orders matter more here than with the mega-cap index giants.
- Launched in 2020, so the live record is short and covers only a handful of market moods.
- Plain-vanilla neighbors go cheaper still, with VYM and IUSG at 0.04%. The extra basis points buy the factor screen, not broad exposure.
FLRG Holdings
- Stocks
- 106
- 38%
- NVDA
Sectors
- Technology39.9%
- Financials11.5%
- Health Care10.3%
- Consumer Discretionary9.4%
- Communication8.7%
- Industrials6.1%
- Energy4.9%
- Consumer Staples4.3%
- Materials2.2%
- Real Estate1.9%
- Utilities0.8%
Geography
- United States96.06%
- Bermuda1.97%
- Puerto Rico0.86%
- Ireland0.78%
- Netherlands0.33%
FLRG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FLRG$11,419
Returns run to the Oct 12, 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 | FLRG |
|---|---|
| Year to date | +12.0% |
| 1 month | +0.5% |
| 3 months | +2.5% |
| 1 year | +14.2% |
| 3 years | +19.2% |
| 5 years | +12.7% |
| 10 years | — |
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 | FLRG |
|---|---|---|
| 2026 YTD | +12.0% | |
| 2025 | +13.9% | |
| 2024 | +23.3% | |
| 2023 | +18.3% | |
| 2022 | −11.0% | |
| 2021 | +29.4% | |
| 2020 | +10.3% |
FLRG in the news
FLRG Dividends
- 1.40%
- $0.59
- $0.13 per share
- Quarterly
Distribution history
FLRG Risk
- 11.2%
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.
- 1.22
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.
- −19.6%
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.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLRG Cost
0.15%
FLRG0.15%
- The middle half of US Multifactor funds
- Median 0.30%
11 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- AJHMLJohn Hancock Investments - Multifactor Large Cap ETFExpense ratio 0.29%1 year return +20.2%
- AJPUSJPMorgan Diversified Return U.S. Equity ETFExpense ratio 0.18%1 year return +17.7%
- BIUSInvesco RAFI Strategic US ETFExpense ratio 0.19%1 year return +31.0%
- BROUSHartford Multifactor US Equity ETFExpense ratio 0.19%1 year return +23.1%
- BJPMEJPMorgan Diversified Return U.S. Mid Cap Equity ETFExpense ratio 0.24%1 year return +17.9%