FDVLX vs. INCO

Last updated Jun 9, 2026

FDVLX (Fidelity Value Fund) and INCO (Columbia India Consumer ETF) are both funds - FDVLX is a Mid Cap Value Equities fund managed by Fidelity, while INCO is a Asia Pacific Equities fund tracking the Indxx India Consumer Index. Over the past 10 years, FDVLX returned 13.59%/yr vs 8.31%/yr for INCO. At a 0.41 correlation, their price movements are largely independent. FDVLX charges 0.79%/yr vs 0.75%/yr for INCO.

Performance

FDVLX vs. INCO - Performance Comparison

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

Returns By Period

In the year-to-date period, FDVLX achieves a 15.53% return, which is significantly higher than INCO's -12.41% return. Over the past 10 years, FDVLX has outperformed INCO with an annualized return of 13.59%, while INCO has yielded a comparatively lower 8.31% annualized return.

FDVLX

• 1D: -1.91%
• 1M: -0.00%
• YTD: 15.53%
• 6M: 16.99%
• 1Y: 32.00%
• 3Y*: 24.85%
• 5Y*: 13.58%
• 10Y*: 13.59%

INCO

• 1D: -0.65%
• 1M: -6.27%
• YTD: -12.41%
• 6M: -10.02%
• 1Y: -12.31%
• 3Y*: 6.45%
• 5Y*: 5.53%
• 10Y*: 8.31%

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

FDVLX vs. INCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVLX Fidelity Value Fund	15.53%	11.32%	30.11%	19.57%	-9.07%	35.30%	9.33%	31.68%	-17.58%	14.11%
INCO Columbia India Consumer ETF	-12.41%	0.59%	12.70%	34.63%	-7.01%	19.28%	14.55%	-4.22%	-10.81%	53.28%

Correlation

The correlation between FDVLX and INCO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 11, 2011	0.41

The correlation between FDVLX and INCO shifts across timeframes, from 0.28 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDVLX vs. INCO — Risk / Return Rank

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

FDVLX

FDVLX Risk / Return Rank: 61
FDVLX Sharpe Ratio Rank: 55
FDVLX Sortino Ratio Rank: 56
FDVLX Omega Ratio Rank: 48
FDVLX Calmar Ratio Rank: 78
FDVLX Martin Ratio Rank: 68

INCO

INCO Risk / Return Rank: 3
INCO Sharpe Ratio Rank: 3
INCO Sortino Ratio Rank: 3
INCO Omega Ratio Rank: 4
INCO Calmar Ratio Rank: 4
INCO Martin Ratio Rank: 1

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.

FDVLX vs. INCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) and Columbia India Consumer ETF (INCO). 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.

	FDVLX	INCO	Difference
Sharpe ratio: Return per unit of total volatility	2.08	-0.73	+2.81
Sortino ratio: Return per unit of downside risk	2.99	-0.99	+3.98
Omega ratio: Gain probability vs. loss probability	1.36	0.89	+0.47
Calmar ratio: Return relative to maximum drawdown	3.40	-0.58	+3.98
Martin ratio: Return relative to average drawdown	12.49	-1.46	+13.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDVLX vs. INCO - Sharpe Ratio Comparison

The current FDVLX Sharpe Ratio is 2.08, which is higher than the INCO Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of FDVLX and INCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDVLX	INCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	-0.73	+2.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.33	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.41	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.42	+0.15

Drawdowns

FDVLX vs. INCO - Drawdown Comparison

The maximum FDVLX drawdown since its inception was -66.91%, which is greater than INCO's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for FDVLX and INCO.

Drawdown Indicators

	FDVLX	INCO	Difference
Max Drawdown Largest peak-to-trough decline	-66.91%	-47.69%	-19.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-21.37%	+11.47%
Max Drawdown (3Y) Largest decline over 3 years	-31.45%	-29.98%	-1.47%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-29.98%	-1.47%
Max Drawdown (10Y) Largest decline over 10 years	-48.66%	-47.69%	-0.97%
Current Drawdown Current decline from peak	-1.91%	-25.40%	+23.49%
Average Drawdown Average peak-to-trough decline	-9.02%	-10.58%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	8.47%	-5.78%

Volatility

FDVLX vs. INCO - Volatility Comparison

The current volatility for Fidelity Value Fund (FDVLX) is 4.31%, while Columbia India Consumer ETF (INCO) has a volatility of 5.50%. This indicates that FDVLX experiences smaller price fluctuations and is considered to be less risky than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVLX	INCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	5.50%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	14.33%	-2.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	16.90%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.56%	16.91%	+9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.19%	20.32%	+4.87%

FDVLX vs. INCO - Expense Ratio Comparison

FDVLX has a 0.79% expense ratio, which is higher than INCO's 0.75% expense ratio.

Dividends

FDVLX vs. INCO - Dividend Comparison

FDVLX's dividend yield for the trailing twelve months is around 8.70%, while INCO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVLX Fidelity Value Fund	8.70%	10.05%	33.05%	3.71%	7.08%	9.79%	0.98%	3.34%	16.25%	3.38%	1.26%	10.97%
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%	0.00%

Frequently Asked Questions

Can I hold both FDVLX and INCO in my portfolio?

FDVLX and INCO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDVLX or INCO?

INCO has higher volatility (5.50%) compared to FDVLX (4.31%). In terms of maximum drawdown, FDVLX dropped -66.91% vs INCO's -47.69%.

Which has better risk-adjusted returns?

FDVLX currently has the higher Sharpe Ratio (2.08 vs -0.73), 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.