FDVLX vs. DIA
FDVLX (Fidelity Value Fund) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both funds - FDVLX is a Mid Cap Value Equities fund managed by Fidelity, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. Over the past 10 years, FDVLX returned 14.32%/yr vs 13.70%/yr for DIA. Their correlation of 0.84 suggests significant overlap in exposure. FDVLX charges 0.79%/yr vs 0.16%/yr for DIA.
Performance
FDVLX vs. DIA - Performance Comparison
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Returns By Period
In the year-to-date period, FDVLX achieves a 19.81% return, which is significantly higher than DIA's 8.40% return. Both investments have delivered pretty close results over the past 10 years, with FDVLX having a 14.32% annualized return and DIA not far behind at 13.70%.
FDVLX
- 1D
- 1.29%
- 1M
- 4.43%
- YTD
- 19.81%
- 6M
- 18.35%
- 1Y
- 36.79%
- 3Y*
- 25.63%
- 5Y*
- 15.68%
- 10Y*
- 14.32%
DIA
- 1D
- 0.30%
- 1M
- 2.44%
- YTD
- 8.40%
- 6M
- 7.75%
- 1Y
- 24.46%
- 3Y*
- 17.24%
- 5Y*
- 10.75%
- 10Y*
- 13.70%
FDVLX vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 19.81% | 11.32% | 30.11% | 19.57% | -9.07% | 35.30% | 9.33% | 31.68% | -17.58% | 14.11% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 8.40% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
Correlation
The correlation between FDVLX and DIA is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.84 |
The correlation between FDVLX and DIA has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
FDVLX vs. DIA — Risk / Return Rank
FDVLX
DIA
FDVLX vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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.
| FDVLX | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 2.52 | +1.25 |
| Martin ratioReturn relative to average drawdown | 13.80 | 9.72 | +4.08 |
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Drawdowns
FDVLX vs. DIA - Drawdown Comparison
The maximum FDVLX drawdown since its inception was -66.91%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for FDVLX and DIA.
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Drawdown Indicators
| FDVLX | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.91% | -51.87% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -9.76% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -31.45% | -15.95% | -15.50% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -20.76% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -48.66% | -36.70% | -11.96% |
Current DrawdownCurrent decline from peak | -0.48% | -0.57% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -7.13% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.52% | +0.18% |
Volatility
FDVLX vs. DIA - Volatility Comparison
Fidelity Value Fund (FDVLX) has a higher volatility of 5.19% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 4.16%. This indicates that FDVLX's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVLX | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.16% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 9.76% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 12.45% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.58% | 14.84% | +11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.21% | 17.57% | +7.64% |
FDVLX vs. DIA - Expense Ratio Comparison
FDVLX has a 0.79% expense ratio, which is higher than DIA's 0.16% expense ratio.
Dividends
FDVLX vs. DIA - Dividend Comparison
FDVLX's dividend yield for the trailing twelve months is around 8.39%, more than DIA's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.39% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
FDVLX Fidelity Value Fund | 8.39% | 10.05% | 33.05% | 3.71% | 7.08% | 9.79% | 0.98% | 3.34% | 16.25% | 3.38% | 1.26% | 10.97% |
Frequently Asked Questions
FDVLX and DIA have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVLX has higher volatility (5.19%) compared to DIA (4.16%). In terms of maximum drawdown, FDVLX dropped -66.91% vs DIA's -51.87%.
FDVLX currently has the higher Sharpe Ratio (2.26 vs 1.98), 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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