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FVAL vs KONG

Fidelity Value Factor ETF vs Formidable Fortress ETF

FVAL

Fidelity Value Factor ETF

Fidelity Investments

Annual cost

0.15%

Fund size

$1.2B

KONG

Formidable Fortress ETF

Formidable Funds

Annual cost

0.89%

Fund size

$22M

Key differences

  • FVAL costs 0.74% less per year.
  • FVAL is significantly larger than KONG — larger funds tend to be more liquid and less likely to close.
  • FVAL is classified as equity, while KONG is alternative — different risk/return profiles.
  • FVAL follows a index tracking strategy; KONG uses option income.
  • Over the last 3 years, FVAL has delivered higher annualized returns.
  • FVAL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FVALKONG
Annual cost (TER)0.15%0.89%
Fund size (AUM)$1.2B$22M
Since20162021
Dividend yield1.56%0.36%
Asset classequityalternative
Regionnorth america
Strategyindex trackingoption income
CAGR 1Y+31.2%+6.2%
CAGR 3Y+21.4%+9.3%
CAGR 5Y+12.4%N/A
Sharpe 3Y1.180.49
Volatility 1Y11.74%10.91%
Max drawdown-37.26%-19.98%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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