FLRG vs VOO
Fidelity US Multifactor ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLRG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $289M | $979.0B | |
| Dividend Yield | 1.38% | 1.09% | |
| Holdings | 105 | 509 | |
| YTD Return | +12.93% | +13.44% | |
| 1Y Return | +17.90% | +22.62% | |
| 3Y Return (annualized) | +18.98% | +21.47% | |
| 5Y Return (annualized) | +12.28% | +13.27% | |
| Volatility (annualized) | 13.7% | 14.1% | |
| Max Drawdown | -19.6% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2020 | Sep 7, 2010 |
FLRG vs VOO Performance
Fidelity US Multifactor ETF (FLRG) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FLRG returned +17.90% while VOO returned +22.62%. Year to date, FLRG is up 12.93% versus a gain of 13.44% for VOO.
Over three years, FLRG compounded at +18.98% per year against +21.47% for VOO; over five years the annualized figures are +12.28% and +13.27% respectively. Across the full 6-year window we track, FLRG has the edge at +15.45% annualized vs +13.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.7% for FLRG. 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 -19.6% for FLRG and -34.3% for VOO. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLRG charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FLRG currently yields 1.38% against 1.09% for VOO.
Holdings Overlap
FLRG and VOO share 70 holdings out of 535 unique holdings combined, representing a 42.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLRG or VOO?
FLRG has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FLRG or VOO?
Over the past year FLRG returned +17.90% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), FLRG annualized +15.45% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, FLRG or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.7% for FLRG. Worst drawdown: FLRG -19.6% vs VOO -34.3%.
Should I hold both FLRG and VOO?
FLRG and VOO have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLRG and VOO?
FLRG and VOO share 70 common holdings with a 42.4% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, FLRG or VOO?
FLRG yields 1.38% while VOO yields 1.09%, so FLRG currently pays the higher dividend yield.
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