FFLV vs FTCB
FFLV vs FTCB
Fidelity Fundamental Large Cap Value ETF vs First Trust Core Investment Grade ETF
Quick Verdict
FFLV has a lower expense ratio. FFLV delivered stronger 1-year returns. FTCB offers more diversification with 331 holdings.
Side-by-Side Comparison
| Metric | FFLV | FTCB | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.56% | |
| AUM | $16M | $2.5B | |
| Dividend Yield | 1.41% | 5.24% | |
| Holdings | 119 | 721 | |
| YTD Return | +17.97% | +0.12% | |
| 1Y Return | +32.15% | +2.43% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 12.3% | 5.1% | |
| Max Drawdown | -16.7% | -5.0% | |
| Fund Family | Fidelity Investments (US) | First Trust Portfolios (US) | |
| Category | Equity | Fixed Income | |
| Inception | Feb 9, 2024 | Nov 7, 2023 |
FFLV vs FTCB Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and First Trust Core Investment Grade ETF (FTCB) is a ETF from First Trust Portfolios (US). Over the past year FFLV returned +32.15% while FTCB returned +2.43%. Year to date, FFLV is up 17.97% versus a gain of 0.12% for FTCB.
Risk: Volatility and Drawdowns
FFLV has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 5.1% for FTCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.7% for FFLV and -5.0% for FTCB. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while FTCB charges 0.56%. On a $10,000 position that is $38 vs $56 annually, a gap of $18 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 5.24% for FTCB.
Holdings Overlap
FFLV and FTCB share 0 holdings out of 436 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or FTCB?
FFLV has an expense ratio of 0.38% while FTCB charges 0.56%. FFLV is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, FFLV or FTCB?
Over the past year FFLV returned +32.15% vs +2.43% for FTCB, so FFLV leads on 1-year performance. Over the longest common window we track (2 years), FFLV annualized +17.62% vs +5.77% for FTCB. Past performance does not guarantee future results.
Which is riskier, FFLV or FTCB?
FFLV has been the more volatile fund at 12.3% annualized versus 5.1% for FTCB. Worst drawdown: FFLV -16.7% vs FTCB -5.0%.
Should I hold both FFLV and FTCB?
FFLV and FTCB have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and FTCB?
FFLV and FTCB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 436 unique securities.
Which pays a higher dividend, FFLV or FTCB?
FFLV yields 1.41% while FTCB yields 5.24%, so FTCB currently pays the higher dividend yield.
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