Correlation
The correlation between FNKLX and SCHV is 0.85, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNKLX or SCHV.
Performance
FNKLX vs. SCHV - Performance Comparison
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Key characteristics
FNKLX:
0.62
SCHV:
0.88
FNKLX:
0.91
SCHV:
1.25
FNKLX:
1.12
SCHV:
1.18
FNKLX:
0.61
SCHV:
0.88
FNKLX:
1.92
SCHV:
3.25
FNKLX:
4.30%
SCHV:
4.15%
FNKLX:
14.40%
SCHV:
16.10%
FNKLX:
-37.31%
SCHV:
-37.08%
FNKLX:
-3.94%
SCHV:
-3.57%
Returns By Period
In the year-to-date period, FNKLX achieves a 2.94% return, which is significantly lower than SCHV's 3.34% return. Over the past 10 years, FNKLX has underperformed SCHV with an annualized return of 8.35%, while SCHV has yielded a comparatively higher 11.89% annualized return.
FNKLX
2.94%
3.07%
-3.94%
8.84%
5.80%
13.05%
8.35%
SCHV
3.34%
3.92%
-3.57%
14.08%
12.06%
15.55%
11.89%
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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%.
Risk-Adjusted Performance
FNKLX vs. SCHV — Risk-Adjusted Performance Rank
FNKLX
SCHV
FNKLX vs. SCHV - Risk-Adjusted Performance 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.
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Dividends
FNKLX vs. SCHV - Dividend Comparison
FNKLX's dividend yield for the trailing twelve months is around 5.14%, more than SCHV's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNKLX Fidelity Series Value Discovery Fund | 5.14% | 4.85% | 5.08% | 9.13% | 8.50% | 3.01% | 3.89% | 7.22% | 7.74% | 3.94% | 9.30% | 5.26% |
SCHV Schwab U.S. Large-Cap Value ETF | 2.23% | 2.25% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 3.95% | 2.69% | 2.38% |
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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Volatility
FNKLX vs. SCHV - Volatility Comparison
The current volatility for Fidelity Series Value Discovery Fund (FNKLX) is 3.89%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 4.24%. 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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