Fidelity Fundamental Large Cap Growth ETF (FFLG) Performance
FFLG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.5% since Dec 31, 2025
- 1 year
- +8.2% total return
- 5 years
- +8.7% a year
- Since first price
- +8.7% a year since 2021
FFLG trailing returns vs SPY, QQQ, AGG
| Period | FFLG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.4% | −6.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.2% | −1.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.1% | 0.0% | +7.8% | +8.4% | −1.5% |
| YTD | +6.5% | +6.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.2% | +8.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +100.0%+26.0%/yr | +97.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +51.9%+8.7%/yr | +47.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 4, 2021 | +61.0%+8.7%/yr | +55.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FFLG vs SPY
From Feb 4, 2021: FFLG grew to $16,097, SPY to $21,246.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FFLG returns by calendar year
3 of 4 full years positive. Best 2023 (+51.1%), worst 2022 (−37.9%). 2026 is year to date.
FFLG annual returns table
| Year | FFLG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.5% | −13.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.6% | −26.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +32.3% | −14.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +51.1% | −12.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −37.9% | −40.4% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FFLG largest drawdowns
Now 9.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −44.5% | Oct 14, 2022 | Mar 21, 2024 | 11 months | 2.4 years |
| Jan 23, 2025 | −26.7% | Apr 8, 2025 | Jun 30, 2025 | 2 months | 5 months |
| Jul 10, 2024 | −14.3% | Aug 5, 2024 | Oct 14, 2024 | 26 days | 3 months |
| Oct 29, 2025 | −14.2% | Mar 30, 2026 | Apr 14, 2026 | 5 months | 5 months |
| Feb 12, 2021 | −13.9% | Mar 8, 2021 | Jun 24, 2021 | 24 days | 4 months |
| Jun 2, 2026 | −12.7% | Jul 29, 2026 | not yet | 57 days | 5 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FFLG risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +28.1% | +11.1% | +11.1% |
| Volatility (annualized) | 19.4% | 22.8% | 22.2% |
| Sharpe ratio | 1.16 | 0.42 | 0.45 |
| Sortino ratio | 2.27 | 0.63 | 0.67 |
| Best month | +15.8% | +15.8% | +15.8% |
| Worst month | −10.0% | −16.7% | −16.7% |
| Best 12 months | +52.1% | +54.1% | +54.1% |
| Worst 12 months | +1.4% | −39.0% | −39.0% |
| Positive months | 64% | 55% | 54% |
| Beta vs S&P 500 | 1.44 | 1.31 | — |
| Correlation with S&P 500 | 0.92 | 0.90 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FFLG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 57 | −39.0% | +19.6% | +54.1% | 74% |
| 3-year (a year) | 33 | +2.4% | +21.7% | +33.7% | 100% |
| 5-year (a year) | 9 | +8.3% | +9.3% | +12.8% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FFLG performance overview
Fidelity Fundamental Large Cap Growth ETF (FFLG) returned +8.2% over the past year and +8.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +8.7% a year, turning $10,000 into about $16,097. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −44.5%, from Nov 8, 2021 to Oct 14, 2022, and it took 1.4 years to get back to the old high. FFLG finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+51.1%) and the worst 2022 (−37.9%). Volatility has been 22.2% a year.
Related: FFLG chart, FFLG holdings, FFLG dividends, FFLG valuation. See the FFLG overview for the latest quote and fund facts.
FFLG performance FAQ
What is the FFLG return over the past year?
FFLG returned +8.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.1%.
What is the average annual return of FFLG?
FFLG has returned +8.7% a year over 5 years, +8.7% a year since February 4, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FFLG be worth?
$10,000 invested in FFLG at its first recorded close on February 4, 2021 would be worth about $16,097 on October 23, 2026 with distributions reinvested.
What was the worst year for FFLG?
The worst calendar year was 2022, with a total return of −37.9%. The best was 2023 at +51.1%.
What is the biggest drawdown of FFLG?
The largest peak-to-trough decline was −44.5% between November 8, 2021 and October 14, 2022. It recovered to the old high on March 21, 2024, 1.4 years after the bottom.
How volatile is FFLG?
Over the past 3 years FFLG had an annualized volatility of 19.4% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).