FLRG vs VYM
Fidelity US Multifactor ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FLRG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $289M | $79.0B | |
| Dividend Yield | 1.38% | 2.86% | |
| Holdings | 105 | 568 | |
| YTD Return | +12.93% | +16.16% | |
| 1Y Return | +17.90% | +26.05% | |
| 3Y Return (annualized) | +18.98% | +18.43% | |
| 5Y Return (annualized) | +12.28% | +12.21% | |
| Volatility (annualized) | 13.7% | 14.6% | |
| Max Drawdown | -19.6% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2020 | Nov 10, 2006 |
FLRG vs VYM Performance
Fidelity US Multifactor ETF (FLRG) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FLRG returned +17.90% while VYM returned +26.05%. Year to date, FLRG is up 12.93% versus a gain of 16.16% for VYM.
Over three years, FLRG compounded at +18.98% per year against +18.43% for VYM; over five years the annualized figures are +12.28% and +12.21% respectively. Across the full 6-year window we track, FLRG has the edge at +15.45% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLRG charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, FLRG currently yields 1.38% against 2.86% for VYM.
Holdings Overlap
FLRG and VYM share 44 holdings out of 614 unique holdings combined, representing a 21.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLRG or VYM?
FLRG has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, FLRG or VYM?
Over the past year FLRG returned +17.90% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), FLRG annualized +15.45% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, FLRG or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.7% for FLRG. Worst drawdown: FLRG -19.6% vs VYM -58.8%.
Should I hold both FLRG and VYM?
FLRG and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLRG and VYM?
FLRG and VYM share 44 common holdings with a 21.1% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, FLRG or VYM?
FLRG yields 1.38% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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