FFLV vs TYLG
Fidelity Fundamental Large Cap Value ETF vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
FFLV has a lower expense ratio. TYLG delivered stronger 1-year returns. FFLV offers more diversification with 109 holdings.
Side-by-Side Comparison
| Metric | FFLV | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.60% | |
| AUM | $16M | $15M | |
| Dividend Yield | 1.36% | 8.89% | |
| Holdings | 109 | 78 | |
| YTD Return | +18.48% | +23.23% | |
| 1Y Return | +29.80% | +34.36% | |
| 3Y Return (annualized) | - | +24.23% | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 12.3% | 15.9% | |
| Max Drawdown | -16.7% | -24.5% | |
| Fund Family | Fidelity Investments (US) | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | Feb 9, 2024 | Nov 21, 2022 |
FFLV vs TYLG Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year FFLV returned +29.80% while TYLG returned +34.36%. Year to date, FFLV is up 18.48% versus a gain of 23.23% for TYLG.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -24.5% for TYLG. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FFLV charges 0.38% per year while TYLG charges 0.60%. On a $10,000 position that is $38 vs $60 annually, a gap of $22 per year that compounds over a long holding period. On income, FFLV currently yields 1.36% against 8.89% for TYLG.
Holdings Overlap
FFLV and TYLG share 10 holdings out of 176 unique holdings combined, representing a 12.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FFLV or TYLG?
FFLV has an expense ratio of 0.38% while TYLG charges 0.60%. FFLV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FFLV or TYLG?
Over the past year FFLV returned +29.80% vs +34.36% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.67% vs +25.83% for TYLG. Past performance does not guarantee future results.
Which is riskier, FFLV or TYLG?
TYLG has been the more volatile fund at 15.9% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs TYLG -24.5%.
Should I hold both FFLV and TYLG?
FFLV and TYLG have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and TYLG?
FFLV and TYLG share 10 common holdings with a 12.8% weight overlap. Combined, they hold 176 unique securities.
Which pays a higher dividend, FFLV or TYLG?
FFLV yields 1.36% while TYLG yields 8.89%, so TYLG currently pays the higher dividend yield.
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