FBCV vs. FDVLX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Blue Chip Value ETF (FBCV) and Fidelity Value Fund (FDVLX).

FBCV is an actively managed fund by Fidelity. It was launched on Jun 2, 2020. FDVLX is managed by Fidelity. It was launched on Dec 1, 1978.

Performance

FBCV vs. FDVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Value ETF (FBCV) and Fidelity Value Fund (FDVLX). The values are adjusted to include any dividend payments, if applicable.

FBCV vs. FDVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCV Fidelity Blue Chip Value ETF	1.26%	16.36%	10.26%	5.45%	-2.26%	26.18%	16.98%
FDVLX Fidelity Value Fund	0.36%	11.32%	30.11%	19.57%	-9.07%	35.30%	31.98%

Returns By Period

In the year-to-date period, FBCV achieves a 1.26% return, which is significantly higher than FDVLX's 0.36% return.

FBCV

• 1D: 2.04%
• 1M: -4.81%
• YTD: 1.26%
• 6M: 7.88%
• 1Y: 15.94%
• 3Y*: 12.15%
• 5Y*: 8.57%
• 10Y*: —

FDVLX

• 1D: -0.72%
• 1M: -8.71%
• YTD: 0.36%
• 6M: 5.29%
• 1Y: 18.06%
• 3Y*: 19.69%
• 5Y*: 12.52%
• 10Y*: 12.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBCV vs. FDVLX - Expense Ratio Comparison

FBCV has a 0.57% expense ratio, which is lower than FDVLX's 0.79% expense ratio.

FDVLX

Fidelity Value Fund

FBCV

Fidelity Blue Chip Value ETF

Return for Risk

FBCV vs. FDVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBCV

FBCV Risk / Return Rank: 66
FBCV Sharpe Ratio Rank: 63
FBCV Sortino Ratio Rank: 64
FBCV Omega Ratio Rank: 63
FBCV Calmar Ratio Rank: 67
FBCV Martin Ratio Rank: 72

FDVLX

FDVLX Risk / Return Rank: 43
FDVLX Sharpe Ratio Rank: 42
FDVLX Sortino Ratio Rank: 46
FDVLX Omega Ratio Rank: 41
FDVLX Calmar Ratio Rank: 42
FDVLX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBCV vs. FDVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) and Fidelity Value Fund (FDVLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FBCV	FDVLX	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.84	+0.24
Sortino ratio Return per unit of downside risk	1.60	1.33	+0.28
Omega ratio Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio Return relative to maximum drawdown	1.66	1.06	+0.60
Martin ratio Return relative to average drawdown	7.24	4.38	+2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBCV vs. FDVLX - Sharpe Ratio Comparison

The current FBCV Sharpe Ratio is 1.08, which is comparable to the FDVLX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of FBCV and FDVLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FBCV	FDVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.84	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.47	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.56	+0.28

Correlation

The correlation between FBCV and FDVLX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FBCV vs. FDVLX - Dividend Comparison

FBCV's dividend yield for the trailing twelve months is around 2.92%, less than FDVLX's 10.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCV Fidelity Blue Chip Value ETF	2.92%	2.95%	1.75%	1.68%	2.01%	3.13%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVLX Fidelity Value Fund	10.01%	10.05%	33.05%	3.71%	7.08%	9.79%	0.98%	3.34%	16.25%	3.38%	1.26%	10.97%

Drawdowns

FBCV vs. FDVLX - Drawdown Comparison

The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum FDVLX drawdown of -66.91%. Use the drawdown chart below to compare losses from any high point for FBCV and FDVLX.

Drawdown Indicators

	FBCV	FDVLX	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-66.91%	+51.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-14.96%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-31.45%	+15.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.66%	—
Current Drawdown Current decline from peak	-5.09%	-9.90%	+4.81%
Average Drawdown Average peak-to-trough decline	-3.53%	-9.05%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	3.63%	-1.30%

Volatility

FBCV vs. FDVLX - Volatility Comparison

The current volatility for Fidelity Blue Chip Value ETF (FBCV) is 3.97%, while Fidelity Value Fund (FDVLX) has a volatility of 5.32%. This indicates that FBCV experiences smaller price fluctuations and is considered to be less risky than FDVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBCV	FDVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	5.32%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	8.00%	11.67%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	21.51%	-6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	26.54%	-12.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	25.15%	-10.30%