FDVLX vs. SCHG

Last updated Jun 13, 2026

FDVLX (Fidelity Value Fund) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both funds - FDVLX is a Mid Cap Value Equities fund managed by Fidelity, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Over the past 10 years, FDVLX returned 14.15%/yr vs 18.50%/yr for SCHG. A 0.75 correlation means they provide meaningful diversification when combined. FDVLX charges 0.79%/yr vs 0.04%/yr for SCHG.

Performance

FDVLX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Value Fund (FDVLX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDVLX achieves a 17.78% return, which is significantly higher than SCHG's 2.58% return. Over the past 10 years, FDVLX has underperformed SCHG with an annualized return of 14.15%, while SCHG has yielded a comparatively higher 18.50% annualized return.

FDVLX

• 1D: 2.66%
• 1M: 3.44%
• YTD: 17.78%
• 6M: 16.76%
• 1Y: 33.26%
• 3Y*: 25.49%
• 5Y*: 13.93%
• 10Y*: 14.15%

SCHG

• 1D: 0.12%
• 1M: -2.62%
• YTD: 2.58%
• 6M: 2.96%
• 1Y: 18.71%
• 3Y*: 22.68%
• 5Y*: 14.33%
• 10Y*: 18.50%

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

FDVLX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVLX Fidelity Value Fund	17.78%	11.32%	30.11%	19.57%	-9.07%	35.30%	9.33%	31.68%	-17.58%	14.11%
SCHG Schwab U.S. Large-Cap Growth ETF	2.58%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Correlation

The correlation between FDVLX and SCHG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.75

Over the past year, the correlation between FDVLX and SCHG has dropped to 0.53 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

FDVLX vs. SCHG — Risk / Return Rank

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

FDVLX

FDVLX Risk / Return Rank: 77
FDVLX Sharpe Ratio Rank: 74
FDVLX Sortino Ratio Rank: 76
FDVLX Omega Ratio Rank: 67
FDVLX Calmar Ratio Rank: 85
FDVLX Martin Ratio Rank: 83

SCHG

SCHG Risk / Return Rank: 33
SCHG Sharpe Ratio Rank: 37
SCHG Sortino Ratio Rank: 35
SCHG Omega Ratio Rank: 36
SCHG Calmar Ratio Rank: 27
SCHG Martin Ratio Rank: 30

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. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.18	+0.85
Sortino ratio: Return per unit of downside risk	2.93	1.64	+1.30
Omega ratio: Gain probability vs. loss probability	1.35	1.21	+0.14
Calmar ratio: Return relative to maximum drawdown	3.37	1.14	+2.23
Martin ratio: Return relative to average drawdown	12.37	3.78	+8.59

FDVLX vs. SCHG - Sharpe Ratio Comparison

The current FDVLX Sharpe Ratio is 2.03, which is higher than the SCHG Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FDVLX and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDVLX vs. SCHG - Drawdown Comparison

The maximum FDVLX drawdown since its inception was -66.91%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for FDVLX and SCHG.

Drawdown Indicators

	FDVLX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-66.91%	-34.59%	-32.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-16.41%	+6.51%
Max Drawdown (3Y) Largest decline over 3 years	-31.45%	-23.39%	-8.06%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-34.59%	+3.14%
Max Drawdown (10Y) Largest decline over 10 years	-48.66%	-34.59%	-14.07%
Current Drawdown Current decline from peak	0.00%	-5.33%	+5.33%
Average Drawdown Average peak-to-trough decline	-9.02%	-5.20%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	4.96%	-2.26%

Volatility

FDVLX vs. SCHG - Volatility Comparison

Fidelity Value Fund (FDVLX) and Schwab U.S. Large-Cap Growth ETF (SCHG) have volatilities of 5.20% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVLX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	5.14%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	12.30%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	15.95%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.60%	22.33%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.20%	21.58%	+3.62%

FDVLX vs. SCHG - Expense Ratio Comparison

FDVLX has a 0.79% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

FDVLX vs. SCHG - Dividend Comparison

FDVLX's dividend yield for the trailing twelve months is around 8.53%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVLX Fidelity Value Fund	8.53%	10.05%	33.05%	3.71%	7.08%	9.79%	0.98%	3.34%	16.25%	3.38%	1.26%	10.97%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both FDVLX and SCHG in my portfolio?

FDVLX and SCHG have a correlation of 0.53, 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 SCHG?

FDVLX has higher volatility (5.20%) compared to SCHG (5.14%). In terms of maximum drawdown, FDVLX dropped -66.91% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

FDVLX currently has the higher Sharpe Ratio (2.03 vs 1.18), 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.