FNKLX vs. SCHV
Compare and contrast key facts about Fidelity Series Value Discovery Fund (FNKLX) and Schwab U.S. Large-Cap Value ETF (SCHV).
FNKLX is managed by Fidelity. It was launched on Dec 6, 2012. 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.
Performance
FNKLX vs. SCHV - Performance Comparison
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FNKLX vs. SCHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | 1.55% | 17.47% | 13.74% | 6.15% | -2.88% | 25.83% | 8.88% | 24.24% | -9.03% | 11.58% |
SCHV Schwab U.S. Large-Cap Value ETF | 3.89% | 16.02% | 14.13% | 8.93% | -7.65% | 25.58% | 2.64% | 25.92% | -7.30% | 16.56% |
Returns By Period
In the year-to-date period, FNKLX achieves a 1.55% return, which is significantly lower than SCHV's 3.89% return. Both investments have delivered pretty close results over the past 10 years, with FNKLX having a 10.86% annualized return and SCHV not far behind at 10.62%.
FNKLX
- 1D
- 1.94%
- 1M
- -4.45%
- YTD
- 1.55%
- 6M
- 8.09%
- 1Y
- 16.63%
- 3Y*
- 13.76%
- 5Y*
- 9.48%
- 10Y*
- 10.86%
SCHV
- 1D
- 0.39%
- 1M
- -4.32%
- YTD
- 3.89%
- 6M
- 6.05%
- 1Y
- 17.64%
- 3Y*
- 14.46%
- 5Y*
- 9.37%
- 10Y*
- 10.62%
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FNKLX vs. SCHV - Expense Ratio Comparison
FNKLX 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%.
Return for Risk
FNKLX vs. SCHV — Risk / Return Rank
FNKLX
SCHV
FNKLX vs. SCHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Value Discovery Fund (FNKLX) 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.
| FNKLX | SCHV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.15 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.64 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.48 | +0.33 |
Martin ratioReturn relative to average drawdown | 7.95 | 6.91 | +1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNKLX | SCHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.15 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.65 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.63 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.68 | 0.00 |
Correlation
The correlation between FNKLX and SCHV 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.
Dividends
FNKLX vs. SCHV - Dividend Comparison
FNKLX's dividend yield for the trailing twelve months is around 8.64%, more than SCHV's 1.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | 8.64% | 6.65% | 9.10% | 5.08% | 9.13% | 8.50% | 3.01% | 3.89% | 7.22% | 7.74% | 3.94% | 8.72% |
SCHV Schwab U.S. Large-Cap Value ETF | 1.96% | 2.02% | 2.25% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 2.65% | 2.69% |
Drawdowns
FNKLX vs. SCHV - Drawdown Comparison
The maximum FNKLX drawdown since its inception was -37.31%, roughly equal to the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for FNKLX and SCHV.
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Drawdown Indicators
| FNKLX | SCHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.31% | -37.08% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -11.93% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -19.78% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -37.31% | -37.08% | -0.23% |
Current DrawdownCurrent decline from peak | -4.92% | -4.58% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -3.86% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.55% | -0.32% |
Volatility
FNKLX vs. SCHV - Volatility Comparison
The current volatility for Fidelity Series Value Discovery Fund (FNKLX) is 3.79%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 4.13%. This indicates that FNKLX experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNKLX | SCHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 4.13% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 8.08% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.99% | 15.42% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.53% | 14.48% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 16.91% | -0.20% |