FFLV vs ZAP
Fidelity Fundamental Large Cap Value ETF vs Global X US Electrification ETF
Which is better, FFLV or ZAP?
Each has led over a different period.
FFLV has a lower expense ratio. FFLV led over 1Y, ZAP over the full window. FFLV is less concentrated, with 33.3% of the fund in its ten largest positions against 44.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FFLV | ZAP |
|---|---|---|
| Expense Ratio | 0.38%Best | 0.50% |
| AUM | $18M | $440M |
| Dividend Yield | 1.36% | 1.74% |
| Holdings | 230 | 94 |
| YTD Return | +14.51%Best | +6.45% |
| 1Y Return | +21.86%Best | +2.72% |
| Volatility (annualized) | 10.2%Best | 15.2% |
| Max Drawdown | -13.2% | -13.0%Best |
| $10,000 over 1.8 years | $13,417 | $13,487Best |
| Top 10 Weight | 33.3%Best | 44.2% |
| Fund Family | Fidelity Investments (US) | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Feb 9, 2024 | Dec 17, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 18, 2024 to Oct 14, 2026 (1.8 years).
FFLV vs ZAP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
FFLV vs ZAP Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is an ETF from Fidelity Investments (US) and Global X US Electrification ETF (ZAP) is an ETF from Global X by mirae Asset. Over the past year FFLV returned +21.86% while ZAP returned +2.72%. Year to date, FFLV is up 14.51% versus a gain of 6.45% for ZAP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ZAP has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 10.2% for FFLV. 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 -13.2% for FFLV and -13.0% for ZAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FFLV charges 0.38% per year while ZAP charges 0.50%. On a $10,000 position that is $38 vs $50 annually, a gap of $12 per year that compounds over a long holding period. On income, FFLV currently yields 1.36% against 1.74% for ZAP.
Holdings Overlap
1.5% of FFLV's money is in holdings ZAP also owns. 13.9% of ZAP's money is in holdings FFLV also owns.
ZAP and FFLV share little of their money.
4 positions in common, counted across the 115 positions we hold weights for in FFLV and 45 in ZAP, against full books of 230 and 94.
What only one of them owns
Our book lists 40 positions for ZAP that do not appear in our book for FFLV (84.9% of the fund), and 98 for FFLV that do not appear in ZAP (89.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FFLV and ZAP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FFLV or ZAP?
FFLV has an expense ratio of 0.38% while ZAP charges 0.50%. FFLV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, FFLV or ZAP?
Over the past year FFLV returned +21.86% vs +2.72% for ZAP, so FFLV leads on 1-year performance. Over the longest common window we track (2 years), FFLV annualized +17.74% vs +18.08% for ZAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFLV or ZAP?
ZAP has been the more volatile fund at 15.2% annualized versus 10.2% for FFLV. Worst drawdown: FFLV -13.2% vs ZAP -13.0%.
Should I hold both FFLV and ZAP?
FFLV and ZAP have a monthly-return correlation of 0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FFLV and ZAP?
13.9% of ZAP's money is in holdings FFLV also owns. 13.9% of ZAP's is in holdings FFLV also owns. They hold 4 positions in common, counted across the 115 positions we hold weights for in FFLV and 45 in ZAP.
Which pays a higher dividend, FFLV or ZAP?
FFLV yields 1.36% while ZAP yields 1.74%, so ZAP currently pays the higher dividend yield.
Is ZAP better than FFLV?
FFLV has a lower expense ratio. FFLV led over 1Y, ZAP over the full window. FFLV is less concentrated, with 33.3% of the fund in its ten largest positions against 44.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.