FSV.L vs. USMV
Compare and contrast key facts about Fidelity Special Values (FSV.L) and iShares Edge MSCI Min Vol USA ETF (USMV).
USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSV.L or USMV.
Key characteristics
| FSV.L | USMV | |
|---|---|---|
| YTD Return | 15.19% | 17.99% |
| 1Y Return | 18.74% | 23.40% |
| 3Y Return (Ann) | 4.95% | 7.99% |
| 5Y Return (Ann) | 7.10% | 9.36% |
| 10Y Return (Ann) | 8.65% | 11.24% |
| Sharpe Ratio | 1.41 | 2.78 |
| Daily Std Dev | 14.70% | 8.76% |
| Max Drawdown | -51.87% | -33.10% |
| Current Drawdown | -4.79% | 0.00% |
Correlation
The correlation between FSV.L and USMV is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FSV.L vs. USMV - Performance Comparison
In the year-to-date period, FSV.L achieves a 15.19% return, which is significantly lower than USMV's 17.99% return. Over the past 10 years, FSV.L has underperformed USMV with an annualized return of 8.65%, while USMV has yielded a comparatively higher 11.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FSV.L vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Special Values (FSV.L) and iShares Edge MSCI Min Vol USA ETF (USMV). 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
FSV.L vs. USMV - Dividend Comparison
FSV.L's dividend yield for the trailing twelve months is around 2.99%, more than USMV's 1.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSV.L Fidelity Special Values | 2.99% | 3.15% | 2.78% | 2.21% | 2.38% | 2.61% | 2.19% | 1.80% | 1.62% | 1.17% | 0.02% | 1.76% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.62% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
FSV.L vs. USMV - Drawdown Comparison
The maximum FSV.L drawdown since its inception was -51.87%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FSV.L and USMV. For additional features, visit the drawdowns tool.
Volatility
FSV.L vs. USMV - Volatility Comparison
Fidelity Special Values (FSV.L) has a higher volatility of 4.14% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 2.23%. This indicates that FSV.L's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.