FLRG
Fidelity U.S. Multifactor ETF
stock NYSE ETF

"Meaningless" is an **opinion**, so be careful not to interpret it as **fact.**
"Index funds" are not the same: they use different indexes. Vanguard uses CRSP indexes and market cap weighting. Others use different indexes with market cap weighting or multifactor / momentum factor, etc.
Morningstar Investing Center provides comprehensive comparison (13-page summary for VTI). Looking for both GOLD and 5 stars? then it suggests, for example, comparing VTI (GOLD, 3 stars) to FELC Fidelity Enhanced Large Cap Core ETF (Gold, 5 stars) or FLRG Fidelity U.S. Multifactor Index (Gold, 5 stars).
The message: star rating and medalist ratings are NOT useless for index funds because they demand the investors to focus on the investing objective. They are "meaningless" for some, and meaningful for others.

"Meaningless" is an **opinion**, so be careful not to interpret it as **fact.**
"Index funds" are not the same: they use different indexes. Vanguard uses CRSP indexes and market cap weighting. Others use different indexes with market cap weighting or multifactor / momentum factor, etc.
Morningstar Investing Center provides comprehensive comparison (13-page summary for VTI). Looking for both GOLD and 5 stars? then it suggests, for example, comparing VTI (GOLD, 3 stars) to FELC Fidelity Enhanced Large Cap Core ETF (Gold, 5 stars) or FLRG Fidelity U.S. Multifactor Index (Gold, 5 stars).
The message: star rating and medalist ratings are NOT useless for index funds because they demand the investors to focus on the investing objective. They are "meaningless" for some, and meaningful for others.