FFLV vs TYO
Fidelity Fundamental Large Cap Value ETF vs Direxion Daily 7-10 Year Treasury Bear 3X 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 | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 1.00% | |
| AUM | $16M | $12M | |
| Dividend Yield | 1.41% | 2.62% | |
| Holdings | 119 | 6 | |
| YTD Return | +18.21% | +12.13% | |
| 1Y Return | +32.01% | +11.94% | |
| 3Y Return (annualized) | - | +5.20% | |
| 5Y Return (annualized) | - | +14.80% | |
| Volatility (annualized) | 12.3% | 19.3% | |
| Max Drawdown | -16.7% | -90.4% | |
| Fund Family | Fidelity Investments (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Feb 9, 2024 | Apr 16, 2009 |
FFLV vs TYO Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year FFLV returned +32.01% while TYO returned +11.94%. Year to date, FFLV is up 18.21% versus a gain of 12.13% for TYO.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -90.4% for TYO. 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 TYO charges 1.00%. On a $10,000 position that is $38 vs $100 annually, a gap of $62 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 2.62% for TYO.
Holdings Overlap
FFLV and TYO 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 TYO?
FFLV has an expense ratio of 0.38% while TYO charges 1.00%. FFLV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, FFLV or TYO?
Over the past year FFLV returned +32.01% vs +11.94% for TYO, so FFLV leads on 1-year performance. Over the longest common window we track (3 years), FFLV annualized +17.65% vs -7.19% for TYO. Past performance does not guarantee future results.
Which is riskier, FFLV or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 12.3% for FFLV. Worst drawdown: FFLV -16.7% vs TYO -90.4%.
Should I hold both FFLV and TYO?
FFLV and TYO 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 TYO?
FFLV and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, FFLV or TYO?
FFLV yields 1.41% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.