Fidelity U.S. Multifactor ETF (FLRG) Performance
FLRG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.4% since Dec 31, 2025
- 1 year
- +11.6% total return
- 5 years
- +11.7% a year
- Since first price
- +14.9% a year since 2020
FLRG trailing returns vs SPY, QQQ, AGG
| Period | FLRG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.5% | +2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.6% | +5.9% | +7.8% | +8.4% | −1.5% |
| YTD | +11.4% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.6% | +9.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +73.0%+20.0%/yr | +65.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +73.8%+11.7%/yr | +61.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 17, 2020 | +133.5%+14.9%/yr | +111.1% | — | — | — |
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: FLRG vs SPY
From Sep 17, 2020: FLRG grew to $23,353, SPY to $24,633.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLRG returns by calendar year
4 of 5 full years positive. Best 2021 (+29.4%), worst 2022 (−11.0%). 2026 is year to date.
FLRG annual returns table
| Year | FLRG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.4% | −7.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.9% | −16.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.4% | −6.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.3% | −7.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.0% | −19.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.4% | −5.4% | +28.7% | +27.4% | −1.8% |
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.
FLRG largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −19.6% | Jun 16, 2022 | Sep 1, 2023 | 5 months | 1.7 years |
| Jan 23, 2025 | −16.5% | Apr 8, 2025 | Jun 27, 2025 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FLRG risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +19.0% | +12.4% | +14.9% |
| Volatility (annualized) | 11.2% | 13.9% | 13.7% |
| Sharpe ratio | 1.23 | 0.66 | 0.87 |
| Sortino ratio | 2.31 | 1.07 | 1.47 |
| Best month | +8.2% | +9.4% | +9.4% |
| Worst month | −4.8% | −8.1% | −8.1% |
| Best 12 months | +36.6% | +36.6% | +39.2% |
| Worst 12 months | +9.0% | −11.0% | −11.0% |
| Positive months | 64% | 60% | 62% |
| Beta vs S&P 500 | 0.85 | 0.85 | — |
| Correlation with S&P 500 | 0.94 | 0.96 | — |
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.
FLRG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 62 | −11.0% | +15.1% | +39.2% | 84% |
| 3-year (a year) | 38 | +8.4% | +13.0% | +22.6% | 100% |
| 5-year (a year) | 14 | +11.6% | +12.8% | +16.5% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
FLRG performance overview
Fidelity U.S. Multifactor ETF (FLRG) returned +11.6% over the past year and +11.7% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +14.9% a year, turning $10,000 into about $23,353. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.6%, from Jan 4, 2022 to Jun 16, 2022, and it took 1.2 years to get back to the old high. FLRG finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+29.4%) and the worst 2022 (−11.0%). Volatility has been 13.7% a year.
Related: FLRG chart, FLRG holdings, FLRG dividends, FLRG valuation. See the FLRG overview for the latest quote and fund facts.
FLRG performance FAQ
What is the FLRG return over the past year?
FLRG returned +11.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.9%.
What is the average annual return of FLRG?
FLRG has returned +11.7% a year over 5 years, +14.9% a year since September 17, 2020 (total return, distributions reinvested).
How much would $10,000 invested in FLRG be worth?
$10,000 invested in FLRG at its first recorded close on September 17, 2020 would be worth about $23,353 on October 23, 2026 with distributions reinvested.
What was the worst year for FLRG?
The worst calendar year was 2022, with a total return of −11.0%. The best was 2021 at +29.4%.
What is the biggest drawdown of FLRG?
The largest peak-to-trough decline was −19.6% between January 4, 2022 and June 16, 2022. It recovered to the old high on September 1, 2023, 1.2 years after the bottom.
How volatile is FLRG?
Over the past 3 years FLRG had an annualized volatility of 11.2% and a Sharpe ratio of 1.23 (excess return over 1–3 month T-bills per unit of risk).