FBCV vs. IWX
FBCV (Fidelity Blue Chip Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. FBCV is actively managed, while IWX is passively managed. Over the past 5 years, FBCV returned 10.70%/yr vs 12.91%/yr for IWX. Their correlation of 0.94 means they have usually moved in the same direction. FBCV charges 0.57%/yr vs 0.20%/yr for IWX.
Performance
FBCV vs. IWX - Performance Comparison
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Returns By Period
In the year-to-date period, FBCV achieves a 19.30% return, which is significantly lower than IWX's 22.04% return.
FBCV
- 1D
- 1.05%
- 1M
- 4.49%
- 6M
- 14.03%
- YTD
- 19.30%
- 1Y
- 34.48%
- 3Y*
- 16.46%
- 5Y*
- 10.70%
- 10Y*
- —
- ALL TIME*
- 14.85%
IWX
- 1D
- 0.94%
- 1M
- 3.56%
- 6M
- 15.64%
- YTD
- 22.04%
- 1Y
- 36.20%
- 3Y*
- 19.92%
- 5Y*
- 12.91%
- 10Y*
- 12.05%
- ALL TIME*
- 11.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $777.37K | $549.15K | $439.38K | |
| $52.73M | $47.86M | $34.45M |
FBCV vs. IWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBCV Fidelity Blue Chip Value ETF | 19.30% | 16.36% | 10.26% | 5.45% | -2.26% | 26.18% | 17.93% |
IWX iShares Russell Top 200 Value ETF | 22.04% | 18.23% | 14.89% | 10.45% | -5.33% | 23.33% | 14.58% |
Correlation
The correlation between FBCV and IWX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.94 |
The correlation between FBCV and IWX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
FBCV vs. IWX - Sectors Allocation Comparison
Sectors
FBCV
IWX
Financial Services
Technology
Healthcare
Consumer Cyclical
Industrials
Consumer Defensive
Energy
Communication Services
Basic Materials
Utilities
Real Estate
Financial Services
FBCV
IWX
Technology
FBCV
IWX
Healthcare
FBCV
IWX
Consumer Cyclical
FBCV
IWX
Industrials
FBCV
IWX
Consumer Defensive
FBCV
IWX
Energy
FBCV
IWX
Communication Services
FBCV
IWX
Basic Materials
FBCV
IWX
Utilities
FBCV
IWX
Real Estate
FBCV
IWX
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Return for Risk
FBCV vs. IWX — Risk / Return Rank
FBCV
IWX
FBCV vs. IWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) and iShares Russell Top 200 Value ETF (IWX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBCV | IWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.61 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 5.52 | -0.60 |
| Martin ratioReturn relative to average drawdown | 20.60 | 24.26 | -3.66 |
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Drawdowns
FBCV vs. IWX - Drawdown Comparison
The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for FBCV and IWX.
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Drawdown Indicators
| FBCV | IWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -35.76% | +20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -6.59% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -13.37% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | -18.13% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -3.79% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.50% | +0.18% |
Volatility
FBCV vs. IWX - Volatility Comparison
Fidelity Blue Chip Value ETF (FBCV) has a higher volatility of 3.10% compared to iShares Russell Top 200 Value ETF (IWX) at 2.94%. This indicates that FBCV's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBCV | IWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.94% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 8.50% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 10.71% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 13.89% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 16.49% | -1.85% |
FBCV vs. IWX - Expense Ratio Comparison
FBCV has a 0.57% expense ratio, which is higher than IWX's 0.20% expense ratio.
Dividends
FBCV vs. IWX - Dividend Comparison
FBCV's dividend yield for the trailing twelve months is around 2.41%, more than IWX's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBCV Fidelity Blue Chip Value ETF | 2.41% | 2.95% | 1.75% | 1.68% | 2.01% | 3.13% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWX iShares Russell Top 200 Value ETF | 1.38% | 1.59% | 1.97% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.22% | 2.77% |
Frequently Asked Questions
With a correlation of 0.90, FBCV and IWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FBCV has higher volatility (3.10%) compared to IWX (2.94%). In terms of maximum drawdown, FBCV dropped -15.55% vs IWX's -35.76%.
On 5-year performance, IWX leads with 12.91% vs 10.70% for FBCV. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IWX has performed better with a 12.91% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWX is cheaper with a 0.20% expense ratio, compared with 0.57% for FBCV.
FBCV has the higher dividend yield at 2.41%, compared with 1.38% for IWX.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.57% for FBCV and 0.20% for IWX.
IWX currently has the higher Sharpe Ratio (3.40 vs 3.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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