The low volatility ETF FDLO, for example, targets stocks that may do well even if volatility rises. The low volatility ETF FDLO offers exposure to stocks that may do well even if markets are in a downward swing. The Fidelity Low Volatility Factor ETF (FDLO) charges a 15 basis point fee to track the Fidelity U.S. Low Volatility Factor index. That has helped the low volatility ETF perform well long term, outperforming its ETF Database Volatility Hedged Equity category average over the last five years. FDLO’s low volatility ETF approach can make it a strong, straightforward tool to help do just that.