FIOOX vs. MALVX
FIOOX (Fidelity Series Large Cap Value Index Fund) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, FIOOX returned 11.23%/yr vs 12.80%/yr for MALVX. With a 0.97 correlation, they move nearly in lockstep. FIOOX charges 0.00%/yr vs 0.54%/yr for MALVX.
Performance
FIOOX vs. MALVX - Performance Comparison
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Returns By Period
In the year-to-date period, FIOOX achieves a 18.33% return, which is significantly lower than MALVX's 20.54% return. Over the past 10 years, FIOOX has underperformed MALVX with an annualized return of 11.23%, while MALVX has yielded a comparatively higher 12.80% annualized return.
FIOOX
- 1D
- 0.19%
- 1M
- 2.23%
- 6M
- 14.26%
- YTD
- 18.33%
- 1Y
- 28.04%
- 3Y*
- 18.27%
- 5Y*
- 11.44%
- 10Y*
- 11.23%
MALVX
- 1D
- 0.23%
- 1M
- 2.32%
- 6M
- 16.81%
- YTD
- 20.54%
- 1Y
- 34.56%
- 3Y*
- 20.87%
- 5Y*
- 12.75%
- 10Y*
- 12.80%
FIOOX vs. MALVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 18.33% | 15.95% | 14.34% | 11.60% | -7.56% | 25.23% | 2.85% | 26.57% | -8.28% | 11.06% |
MALVX BlackRock Advantage Large Cap Value Fund | 20.54% | 18.38% | 15.39% | 13.74% | -8.68% | 26.51% | 3.91% | 24.74% | -7.74% | 15.82% |
Correlation
The correlation between FIOOX and MALVX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2013 | 0.97 |
The correlation between FIOOX and MALVX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FIOOX vs. MALVX — Risk / Return Rank
FIOOX
MALVX
FIOOX vs. MALVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Value Index Fund (FIOOX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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.
| FIOOX | MALVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.55 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 5.23 | -1.18 |
| Martin ratioReturn relative to average drawdown | 16.79 | 23.76 | -6.97 |
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Drawdowns
FIOOX vs. MALVX - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, smaller than the maximum MALVX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for FIOOX and MALVX.
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Drawdown Indicators
| FIOOX | MALVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.31% | -55.21% | +16.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.53% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -16.13% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.02% | -19.73% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -37.12% | -1.19% |
Current DrawdownCurrent decline from peak | -0.32% | -0.10% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -8.72% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.44% | +0.20% |
Volatility
FIOOX vs. MALVX - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) and BlackRock Advantage Large Cap Value Fund (MALVX) have volatilities of 3.99% and 4.15%, 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.
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Volatility by Period
| FIOOX | MALVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.15% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 8.91% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 11.29% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 14.81% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 17.24% | +0.09% |
FIOOX vs. MALVX - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than MALVX's 0.54% expense ratio.
Dividends
FIOOX vs. MALVX - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 2.98%, less than MALVX's 7.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 2.98% | 3.66% | 3.30% | 4.31% | 4.39% | 6.12% | 2.59% | 6.82% | 4.99% | 1.74% | 2.48% | 6.77% |
MALVX BlackRock Advantage Large Cap Value Fund | 7.66% | 9.23% | 14.33% | 2.84% | 5.96% | 17.48% | 1.68% | 3.92% | 12.95% | 0.43% | 1.38% | 1.01% |
Frequently Asked Questions
With a correlation of 0.98, FIOOX and MALVX 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.
MALVX has higher volatility (4.15%) compared to FIOOX (3.99%). In terms of maximum drawdown, FIOOX dropped -38.31% vs MALVX's -55.21%.
MALVX currently has the higher Sharpe Ratio (3.02 vs 2.42), 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.
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