FIOOX vs. SCHV
Compare and contrast key facts about Fidelity Series Large Cap Value Index Fund (FIOOX) and Schwab U.S. Large-Cap Value ETF (SCHV).
FIOOX is managed by Fidelity. It was launched on Nov 7, 2013. SCHV is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Value Total Stock Market Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOOX or SCHV.
Correlation
The correlation between FIOOX and SCHV is 0.97, 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. SCHV - Performance Comparison
Key characteristics
FIOOX:
0.90
SCHV:
1.71
FIOOX:
1.28
SCHV:
2.41
FIOOX:
1.17
SCHV:
1.31
FIOOX:
0.98
SCHV:
2.47
FIOOX:
4.67
SCHV:
9.78
FIOOX:
2.20%
SCHV:
1.87%
FIOOX:
11.44%
SCHV:
10.71%
FIOOX:
-38.31%
SCHV:
-37.08%
FIOOX:
-10.48%
SCHV:
-7.41%
Returns By Period
In the year-to-date period, FIOOX achieves a 9.91% return, which is significantly lower than SCHV's 17.11% return. Over the past 10 years, FIOOX has underperformed SCHV with an annualized return of 8.01%, while SCHV has yielded a comparatively higher 11.73% annualized return.
FIOOX
9.91%
-7.50%
2.93%
12.12%
7.92%
8.01%
SCHV
17.11%
-4.59%
8.06%
17.39%
11.21%
11.73%
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FIOOX vs. SCHV - Expense Ratio Comparison
FIOOX has a 0.00% expense ratio, which is lower than SCHV'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. SCHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Value Index Fund (FIOOX) and Schwab U.S. Large-Cap Value ETF (SCHV). 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. SCHV - Dividend Comparison
FIOOX's dividend yield for the trailing twelve months is around 0.11%, less than SCHV's 5.53% 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% |
SCHV Schwab U.S. Large-Cap Value ETF | 5.53% | 4.77% | 4.74% | 2.91% | 7.69% | 5.07% | 6.01% | 5.77% | 5.76% | 4.06% | 5.84% | 2.18% |
Drawdowns
FIOOX vs. SCHV - Drawdown Comparison
The maximum FIOOX drawdown since its inception was -38.31%, roughly equal to the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for FIOOX and SCHV. For additional features, visit the drawdowns tool.
Volatility
FIOOX vs. SCHV - Volatility Comparison
Fidelity Series Large Cap Value Index Fund (FIOOX) has a higher volatility of 4.51% compared to Schwab U.S. Large-Cap Value ETF (SCHV) at 3.49%. This indicates that FIOOX's price experiences larger fluctuations and is considered to be riskier than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.