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FFLV vs. IUSV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FFLV vs. IUSV

Last updated Jun 4, 2026

FFLV (Fidelity Fundamental Large Cap Value ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both Large Cap Value Equities funds. FFLV is actively managed, while IUSV is passively managed. Over the past year, FFLV returned 27.22% vs 21.24% for IUSV. Their correlation of 0.93 suggests significant overlap in exposure. FFLV charges 0.38%/yr vs 0.04%/yr for IUSV.

Performance

FFLV vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Value ETF (FFLV) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FFLV achieves a 11.22% return, which is significantly higher than IUSV's 7.63% return.

FFLV

1D
-0.24%
1M
2.24%
YTD
11.22%
6M
12.86%
1Y
27.22%
3Y*
—
5Y*
—
10Y*
—

IUSV

1D
-0.37%
1M
2.24%
YTD
7.63%
6M
7.88%
1Y
21.24%
3Y*
15.62%
5Y*
10.47%
10Y*
12.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FFLV vs. IUSV - Yearly Performance Comparison

2026 (YTD)20252024
FFLV
Fidelity Fundamental Large Cap Value ETF		11.22%16.04%8.04%
IUSV
iShares Core S&P U.S. Value ETF		7.63%12.85%9.37%

Correlation

The correlation between FFLV and IUSV is 0.93, 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

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2024

0.93

The correlation between FFLV and IUSV has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Fundamental Large Cap Value ETF

iShares Core S&P U.S. Value ETF

Often compared with FFLV:
FFLV vs. CGDVFFLV vs. FFLCFFLV vs. FFLGFFLV vs. FFSMFFLV vs. SCHDFFLV vs. AVLVFFLV vs. FDVV
Often compared with IUSV:
IUSV vs. IUSGIUSV vs. VTVIUSV vs. SPYIUSV vs. VOOIUSV vs. SCHDIUSV vs. VLUEIUSV vs. DGRO

Return for Risk

FFLV vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FFLV
FFLV Risk / Return Rank: 7474
Overall Rank
FFLV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
FFLV Sortino Ratio Rank: 7676
Sortino Ratio Rank
FFLV Omega Ratio Rank: 7070
Omega Ratio Rank
FFLV Calmar Ratio Rank: 7474
Calmar Ratio Rank
FFLV Martin Ratio Rank: 7676
Martin Ratio Rank
IUSV
IUSV Risk / Return Rank: 6565
Overall Rank
IUSV Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
IUSV Sortino Ratio Rank: 6464
Sortino Ratio Rank
IUSV Omega Ratio Rank: 6262
Omega Ratio Rank
IUSV Calmar Ratio Rank: 6767
Calmar Ratio Rank
IUSV Martin Ratio Rank: 6868
Martin Ratio Rank
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.

FFLV vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) and iShares Core S&P U.S. Value ETF (IUSV). 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.

FFLVIUSVDifference
Sharpe ratioReturn per unit of total volatility
2.41
2.14

+0.26

Sortino ratioReturn per unit of downside risk
3.48
3.01

+0.47

Omega ratioGain probability vs. loss probability

1.43

1.38

+0.04

Calmar ratioReturn relative to maximum drawdown

3.78

3.35

+0.42

Martin ratioReturn relative to average drawdown

14.71

12.84

+1.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFLV vs. IUSV - Sharpe Ratio Comparison

The current FFLV Sharpe Ratio is 2.41, which is comparable to the IUSV Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FFLV and IUSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FFLVIUSVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

2.14

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.72

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.71

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

0.60

+0.51

Drawdowns

FFLV vs. IUSV - Drawdown Comparison

The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for FFLV and IUSV.

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Drawdown Indicators

FFLVIUSVDifference

Max Drawdown

Largest peak-to-trough decline

-16.71%

-56.88%

+40.17%

Max Drawdown (1Y)

Largest decline over 1 year

-7.24%

-6.36%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.76%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.95%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.54%

—

Current Drawdown

Current decline from peak

-0.27%

-0.51%

+0.24%

Average Drawdown

Average peak-to-trough decline

-3.00%

-6.29%

+3.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

1.66%

+0.20%

Volatility

FFLV vs. IUSV - Volatility Comparison

Fidelity Fundamental Large Cap Value ETF (FFLV) has a higher volatility of 2.79% compared to iShares Core S&P U.S. Value ETF (IUSV) at 2.14%. This indicates that FFLV's price experiences larger fluctuations and is considered to be riskier than IUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FFLVIUSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

2.14%

+0.65%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

7.14%

+1.26%

Volatility (1Y)

Calculated over the trailing 1-year period

11.38%

9.98%

+1.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

14.55%

-0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.22%

17.07%

-2.85%

FFLV vs. IUSV - Expense Ratio Comparison

FFLV has a 0.38% expense ratio, which is higher than IUSV's 0.04% expense ratio.

Dividends

FFLV vs. IUSV - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 1.46%, less than IUSV's 1.68% yield.

PositionTTM20252024202320222021202020192018201720162015
FFLV
Fidelity Fundamental Large Cap Value ETF		1.46%1.60%1.46%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IUSV
iShares Core S&P U.S. Value ETF		1.68%1.78%2.15%1.75%2.22%1.87%2.40%2.19%2.67%1.93%4.44%7.63%

Frequently Asked Questions

With a correlation of 0.93, FFLV and IUSV 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.

FFLV has higher volatility (2.79%) compared to IUSV (2.14%). In terms of maximum drawdown, FFLV dropped -16.71% vs IUSV's -56.88%.

On 1-year performance, FFLV leads with 27.22% vs 21.24% for IUSV. On fees, IUSV is cheaper at 0.04% per year. On volatility, IUSV has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, FFLV has performed better with a 27.22% return vs 21.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IUSV is cheaper with a 0.04% expense ratio, compared with 0.38% for FFLV.

IUSV has the higher dividend yield at 1.68%, compared with 1.46% for FFLV.

They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.38% for FFLV and 0.04% for IUSV.

FFLV currently has the higher Sharpe Ratio (2.41 vs 2.14), 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.

Portfolio Optimizer

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