FFLV vs HFXI
Fidelity Fundamental Large Cap Value ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 759 holdings.
Side-by-Side Comparison
| Metric | FFLV | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.20% | |
| AUM | $16M | $2.0B | |
| Dividend Yield | 1.41% | 3.96% | |
| Holdings | 119 | 858 | |
| YTD Return | +18.30% | +18.37% | |
| 1Y Return | +29.02% | +31.28% | |
| 3Y Return (annualized) | - | +21.18% | |
| 5Y Return (annualized) | - | +12.34% | |
| Volatility (annualized) | 12.3% | 13.9% | |
| Max Drawdown | -16.7% | -34.2% | |
| Fund Family | Fidelity Investments (US) | INDEXIQ ETF TRUST | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | Jul 22, 2015 |
FFLV vs HFXI Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year FFLV returned +29.02% while HFXI returned +31.28%. Year to date, FFLV is up 18.30% versus a gain of 18.37% for HFXI.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 12.3% for FFLV. 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 -34.2% for HFXI. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while HFXI charges 0.20%. On a $10,000 position that is $38 vs $20 annually, a gap of $18 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 3.96% for HFXI.
Holdings Overlap
FFLV and HFXI share 4 holdings out of 860 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or HFXI?
FFLV has an expense ratio of 0.38% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, FFLV or HFXI?
Over the past year FFLV returned +29.02% vs +31.28% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.62% vs +8.03% for HFXI. Past performance does not guarantee future results.
Which is riskier, FFLV or HFXI?
HFXI has been the more volatile fund at 13.9% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs HFXI -34.2%.
Should I hold both FFLV and HFXI?
FFLV and HFXI have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and HFXI?
FFLV and HFXI share 4 common holdings with a 2.4% weight overlap. Combined, they hold 860 unique securities.
Which pays a higher dividend, FFLV or HFXI?
FFLV yields 1.41% while HFXI yields 3.96%, so HFXI currently pays the higher dividend yield.
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