FIOOX vs. ILCV
Compare and contrast key facts about Fidelity Series Large Cap Value Index Fund (FIOOX) and iShares Morningstar Value ETF (ILCV).
FIOOX is managed by Fidelity. It was launched on Nov 7, 2013. ILCV is a passively managed fund by iShares that tracks the performance of the ILCV-US - Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOOX or ILCV.
Key characteristics
| FIOOX | ILCV | |
|---|---|---|
| YTD Return | 19.92% | 20.40% |
| 1Y Return | 29.83% | 29.96% |
| 3Y Return (Ann) | 7.74% | 9.60% |
| 5Y Return (Ann) | 10.46% | 10.63% |
| 10Y Return (Ann) | 9.43% | 9.83% |
| Sharpe Ratio | 2.98 | 3.17 |
| Sortino Ratio | 4.18 | 4.35 |
| Omega Ratio | 1.54 | 1.59 |
| Calmar Ratio | 5.31 | 0.32 |
| Martin Ratio | 18.99 | 21.09 |
| Ulcer Index | 1.72% | 1.54% |
| Daily Std Dev | 11.00% | 10.21% |
| Max Drawdown | -38.31% | -100.00% |
| Current Drawdown | -0.68% | -99.97% |
Correlation
The correlation between FIOOX and ILCV is 0.96, 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. ILCV - Performance Comparison
The year-to-date returns for both investments are quite close, with FIOOX having a 19.92% return and ILCV slightly higher at 20.40%. Both investments have delivered pretty close results over the past 10 years, with FIOOX having a 9.43% annualized return and ILCV not far ahead at 9.83%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIOOX vs. ILCV - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than ILCV's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIOOX vs. ILCV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Value Index Fund (FIOOX) and iShares Morningstar Value ETF (ILCV). 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. ILCV - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 1.88%, less than ILCV's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 1.88% | 2.24% | 2.38% | 1.95% | 2.18% | 2.54% | 2.99% | 2.36% | 1.63% | 3.16% | 5.87% | 0.34% |
ILCV iShares Morningstar Value ETF | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% | 2.44% | 2.51% |
Drawdowns
FIOOX vs. ILCV - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, smaller than the maximum ILCV drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FIOOX and ILCV. For additional features, visit the drawdowns tool.
Volatility
FIOOX vs. ILCV - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) has a higher volatility of 3.72% compared to iShares Morningstar Value ETF (ILCV) at 3.18%. This indicates that FIOOX's price experiences larger fluctuations and is considered to be riskier than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.