FDLO: FIDELITY LOW VOLATILITY FACTOR ETF
What this ETF is trying to do
The FIDELITY LOW VOLATILITY FACTOR ETF (ticker: FDLO) is an exchange-traded fund designed to invest in stocks that typically show lower volatility. This means the fund looks for companies whose prices may not swing up and down as wildly as others. As of October 5, 2026, the current price of FDLO is $71.64.
What the numbers show
When looking at how this ETF has performed, it is important to look at two different types of returns: price return and total return. Price return only tracks the change in the share price. Total return includes both the price change and any cash distributions paid out to investors.
• Year-to-Date (YTD): The price return is approximately 7.33%, while the total return is approximately 8.56%.
• One-Year: The price return was approximately 8.56%, and the total return was approximately 10.17%.
• Three-Year: The price return was approximately 47.92%, and the total return was approximately 54.48%.
• Five-Year: The five-year total return was approximately 60.79%.
An estimated price from roughly one year ago was $65.99. Because the total return is higher than the price return in these timeframes, it shows that distributions have added to the overall value.
Income and distribution explanation
FDLO provides cash distributions to investors. The distribution yield is approximately 1.39%. This number describes the cash paid out relative to the ETF's price. The fund usually pays these distributions quarterly, with 4 payments recorded over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• Positive Returns: The fund has shown positive price and total returns over one, three, and five-year periods.
• Income Rating: The fund has an income rating grade of "A" with a score of 83.
• Low Price Erosion: Based on the supplied erosion-risk measurements, no price erosion has been detected.
Cons
• Lower Yield: The distribution yield of approximately 1.39% may be considered low for investors specifically seeking high immediate cash income.
Top Holdings
The following are the top holdings in the fund (note that this is a partial list):
• Apple Inc (8.53%)
• Microsoft Corp (6.66%)
• Alphabet Inc Class A (5.30%)
• Amazon.com Inc (3.65%)
• Broadcom Inc (3.53%)
• Meta Platforms Inc Class A (2.59%)
*Holdings are subject to change over time.*
Beginner takeaway
FDLO is a fund that focuses on lower-volatility stocks. For new investors, it is important to remember that price returns and total returns are different; the total return is often higher because it includes the cash distributions you receive. While this fund provides regular quarterly income, the yield is relatively modest compared to high-yield funds.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | APPLE INC | AAPL | 8.53% |
| 2 | MICROSOFT CORP | MSFT | 6.66% |
| 3 | ALPHABET INC CLASS A | GOOGL | 5.30% |
| 4 | AMAZON.COM INC | AMZN | 3.65% |
| 5 | BROADCOM INC | AVGO | 3.53% |
| 6 | META PLATFORMS INC CLASS A | META | 2.59% |
| 7 | CISCO SYSTEMS INC | CSCO | 1.78% |
| 8 | BERKSHIRE HATHAWAY INC CLASS B | BRK-B | 1.74% |
| 9 | JPMORGAN CHASE & CO | JPM | 1.69% |
| 10 | TEXAS INSTRUMENTS INC | TXN | 1.66% |