FFLV vs TLTP
Fidelity Fundamental Large Cap Value ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
FFLV has a lower expense ratio. FFLV delivered stronger 1-year returns. FFLV offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | FFLV | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.39% | |
| AUM | $16M | $23M | |
| Dividend Yield | 1.41% | 14.33% | |
| Holdings | 119 | 5 | |
| YTD Return | +18.30% | -8.50% | |
| 1Y Return | +29.02% | -7.39% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 12.3% | 8.7% | |
| Max Drawdown | -16.7% | -12.7% | |
| Fund Family | Fidelity Investments (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Feb 9, 2024 | Oct 29, 2024 |
FFLV vs TLTP Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year FFLV returned +29.02% while TLTP returned -7.39%. Year to date, FFLV is up 18.30% versus a loss of 8.50% for TLTP.
Risk: Volatility and Drawdowns
FFLV has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 8.7% for TLTP. 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 -12.7% for TLTP. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while TLTP charges 0.39%. On a $10,000 position that is $38 vs $39 annually, a gap of $1 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 14.33% for TLTP.
Holdings Overlap
FFLV and TLTP share 0 holdings out of 108 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 TLTP?
FFLV has an expense ratio of 0.38% while TLTP charges 0.39%. FFLV is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FFLV or TLTP?
Over the past year FFLV returned +29.02% vs -7.39% for TLTP, so FFLV leads on 1-year performance. Over the longest common window we track (2 years), FFLV annualized +17.62% vs -4.85% for TLTP. Past performance does not guarantee future results.
Which is riskier, FFLV or TLTP?
FFLV has been the more volatile fund at 12.3% annualized versus 8.7% for TLTP. Worst drawdown: FFLV -16.7% vs TLTP -12.7%.
Should I hold both FFLV and TLTP?
FFLV and TLTP have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and TLTP?
FFLV and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, FFLV or TLTP?
FFLV yields 1.41% while TLTP yields 14.33%, so TLTP currently pays the higher dividend yield.
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