FIOOX vs. FVAL
Compare and contrast key facts about Fidelity Series Large Cap Value Index Fund (FIOOX) and Fidelity Value Factor ETF (FVAL).
FIOOX is managed by Fidelity. It was launched on Nov 7, 2013. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOOX or FVAL.
Correlation
The correlation between FIOOX and FVAL is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIOOX vs. FVAL - Performance Comparison
Key characteristics
FIOOX:
0.90
FVAL:
1.49
FIOOX:
1.28
FVAL:
2.04
FIOOX:
1.17
FVAL:
1.28
FIOOX:
0.98
FVAL:
2.23
FIOOX:
4.67
FVAL:
9.24
FIOOX:
2.20%
FVAL:
1.87%
FIOOX:
11.44%
FVAL:
11.58%
FIOOX:
-38.31%
FVAL:
-37.26%
FIOOX:
-10.48%
FVAL:
-4.48%
Returns By Period
In the year-to-date period, FIOOX achieves a 9.91% return, which is significantly lower than FVAL's 17.56% return.
FIOOX
9.91%
-7.50%
2.93%
12.12%
7.92%
8.01%
FVAL
17.56%
-1.90%
7.82%
19.18%
12.07%
N/A
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FIOOX vs. FVAL - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than FVAL's 0.29% expense ratio.
Risk-Adjusted Performance
FIOOX vs. FVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Value Index Fund (FIOOX) and Fidelity Value Factor ETF (FVAL). 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.
Dividends
FIOOX vs. FVAL - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 0.11%, less than FVAL's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 0.11% | 2.24% | 2.38% | 1.95% | 2.18% | 2.54% | 2.99% | 2.36% | 1.63% | 3.16% | 5.87% | 0.34% |
FVAL Fidelity Value Factor ETF | 1.21% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIOOX vs. FVAL - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, roughly equal to the maximum FVAL drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for FIOOX and FVAL. For additional features, visit the drawdowns tool.
Volatility
FIOOX vs. FVAL - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) has a higher volatility of 4.51% compared to Fidelity Value Factor ETF (FVAL) at 3.06%. This indicates that FIOOX's price experiences larger fluctuations and is considered to be riskier than FVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.