FULVX vs. FXAIX
Compare and contrast key facts about Fidelity U.S. Low Volatility Equity Fund (FULVX) and Fidelity 500 Index Fund (FXAIX).
FULVX is managed by Fidelity. It was launched on Nov 5, 2019. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FULVX or FXAIX.
Key characteristics
| FULVX | FXAIX | |
|---|---|---|
| YTD Return | 15.64% | 19.12% |
| 1Y Return | 20.80% | 28.25% |
| 3Y Return (Ann) | 5.37% | 10.02% |
| Sharpe Ratio | 2.32 | 2.17 |
| Daily Std Dev | 9.01% | 12.79% |
| Max Drawdown | -33.24% | -33.79% |
| Current Drawdown | -0.32% | -0.50% |
Correlation
The correlation between FULVX and FXAIX is 0.84, 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
FULVX vs. FXAIX - Performance Comparison
In the year-to-date period, FULVX achieves a 15.64% return, which is significantly lower than FXAIX's 19.12% 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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FULVX vs. FXAIX - Expense Ratio Comparison
FULVX has a 0.66% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FULVX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and Fidelity 500 Index Fund (FXAIX). 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
FULVX vs. FXAIX - Dividend Comparison
FULVX's dividend yield for the trailing twelve months is around 1.21%, less than FXAIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.21% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FULVX vs. FXAIX - Drawdown Comparison
The maximum FULVX drawdown since its inception was -33.24%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FULVX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FULVX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity U.S. Low Volatility Equity Fund (FULVX) is 2.46%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.37%. This indicates that FULVX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.