FIOOX vs. MDLVX
FIOOX (Fidelity Series Large Cap Value Index Fund) and MDLVX (BlackRock Advantage Large Cap Value Fund Investor A) are both Large Cap Value Equities funds. Over the past 10 years, FIOOX returned 11.51%/yr vs 12.87%/yr for MDLVX. Their 0.97 correlation means they have historically moved very closely together. FIOOX charges 0.00%/yr vs 0.79%/yr for MDLVX.
Performance
FIOOX vs. MDLVX - Performance Comparison
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Returns By Period
In the year-to-date period, FIOOX achieves a 20.69% return, which is significantly lower than MDLVX's 23.18% return. Over the past 10 years, FIOOX has underperformed MDLVX with an annualized return of 11.51%, while MDLVX has yielded a comparatively higher 12.87% annualized return.
FIOOX
- 1D
- 0.46%
- 1M
- 1.99%
- 6M
- 14.47%
- YTD
- 20.69%
- 1Y
- 32.96%
- 3Y*
- 18.06%
- 5Y*
- 11.86%
- 10Y*
- 11.51%
- ALL TIME*
- 10.46%
MDLVX
- 1D
- 0.64%
- 1M
- 2.57%
- 6M
- 16.82%
- YTD
- 23.18%
- 1Y
- 39.31%
- 3Y*
- 20.60%
- 5Y*
- 12.79%
- 10Y*
- 12.87%
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIOOX vs. MDLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 20.69% | 15.95% | 14.34% | 11.60% | -7.56% | 25.23% | 2.85% | 26.57% | -8.28% | 11.06% |
MDLVX BlackRock Advantage Large Cap Value Fund Investor A | 23.18% | 18.11% | 15.08% | 13.43% | -8.89% | 26.20% | 3.64% | 24.39% | -7.94% | 15.80% |
Correlation
The correlation between FIOOX and MDLVX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2013 | 0.97 |
The correlation between FIOOX and MDLVX 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. MDLVX — Risk / Return Rank
FIOOX
MDLVX
FIOOX vs. MDLVX - 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 Investor A (MDLVX). 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 | MDLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.60 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 5.78 | -1.16 |
| Martin ratioReturn relative to average drawdown | 19.74 | 26.84 | -7.10 |
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Drawdowns
FIOOX vs. MDLVX - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, smaller than the maximum MDLVX drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for FIOOX and MDLVX.
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Drawdown Indicators
| FIOOX | MDLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.31% | -55.49% | +17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.54% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -16.19% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.02% | -19.87% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -37.11% | -1.20% |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -8.91% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.41% | +0.18% |
Volatility
FIOOX vs. MDLVX - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) and BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) have volatilities of 2.86% and 2.81%, 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 | MDLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.81% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 8.90% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 11.38% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 14.77% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 17.23% | +0.11% |
FIOOX vs. MDLVX - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than MDLVX's 0.79% expense ratio.
Dividends
FIOOX vs. MDLVX - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 2.92%, less than MDLVX's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 2.92% | 3.66% | 3.30% | 4.31% | 4.39% | 6.12% | 2.59% | 6.82% | 4.99% | 1.74% | 2.48% | 6.77% |
MDLVX BlackRock Advantage Large Cap Value Fund Investor A | 10.71% | 9.33% | 14.55% | 2.68% | 5.86% | 17.69% | 1.49% | 3.76% | 12.92% | 0.43% | 1.06% | 0.70% |
Frequently Asked Questions
With a correlation of 0.98, FIOOX and MDLVX 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.
FIOOX has higher volatility (2.86%) compared to MDLVX (2.81%). In terms of maximum drawdown, FIOOX dropped -38.31% vs MDLVX's -55.49%.
MDLVX currently has the higher Sharpe Ratio (3.33 vs 2.77), 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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