5 Best Low Volatility ETFs To Buy

1. Fidelity Low Volatility Factor ETF (NYSE:FDLO)

5-Year Share Price Performance as of April 4: 61.94%

Fidelity Low Volatility Factor ETF (NYSE:FDLO) aims to replicate the performance of the Fidelity U.S. Low Volatility Factor Index before fees and expenses. This index is specifically designed to mirror the performance of stocks from large and mid-capitalization American companies that exhibit lower volatility compared to the broader market. Fidelity Low Volatility Factor ETF (NYSE:FDLO) ranks 1st on our list of the best low volatility ETFs. As of December 31, 2023, the fund owned $1,126.7 million in net assets, along with a portfolio of 127 stocks and an expense ratio of  0.15%. 

Apple Inc. (NASDAQ:AAPL) is one of the top holdings of Fidelity Low Volatility Factor ETF (NYSE:FDLO). For the last quarter of 2023, Apple Inc. (NASDAQ:AAPL) reported a GAAP EPS of $2.18 and a revenue of $119.6 billion, outperforming Wall Street estimates by $0.07 and $1.34 billion, respectively. 

According to Insider Monkey’s fourth quarter database, 131 hedge funds were long Apple Inc. (NASDAQ:AAPL), compared to 134 funds in the last quarter. 

Orbis Global Equity Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple Inc. (NASDAQ:AAPL) at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.”

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