FULVX vs. LVAFX

Last updated Aug 1, 2026

FULVX (Fidelity U.S. Low Volatility Equity Fund) and LVAFX (LSV Global Managed Volatility Fund) are both mutual funds - FULVX is a Low Volatility fund managed by Fidelity, while LVAFX is a Global Equities fund managed by BlackRock. Their correlation of 0.80 means they have usually moved in the same direction. FULVX charges 0.66%/yr vs 1.00%/yr for LVAFX.

Performance

FULVX vs. LVAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Low Volatility Equity Fund (FULVX) and LSV Global Managed Volatility Fund (LVAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FULVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LVAFX

• 1D: 0.31%
• 1M: 5.72%
• 6M: 12.90%
• YTD: 17.34%
• 1Y: 29.64%
• 3Y*: 14.26%
• 5Y*: 9.25%
• 10Y*: 8.15%
• ALL TIME*: 7.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LVAFX LSV Global Managed Volatility Fund	$0.00	$0.00	$0.00

FULVX vs. LVAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%
LVAFX LSV Global Managed Volatility Fund	17.34%	22.33%	0.10%	9.81%	-4.04%	17.36%	-5.16%	3.69%

Correlation

The correlation between FULVX and LVAFX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.80

The correlation between FULVX and LVAFX shifts across timeframes, from 0.65 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FULVX vs. LVAFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LVAFX

LVAFX Risk / Return Rank: 97
LVAFX Sharpe Ratio Rank: 99
LVAFX Sortino Ratio Rank: 98
LVAFX Omega Ratio Rank: 96
LVAFX Calmar Ratio Rank: 97
LVAFX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FULVX vs. LVAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and LSV Global Managed Volatility Fund (LVAFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FULVX	LVAFX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.40	—
Sortino ratio: Return per unit of downside risk	—	4.99	—
Omega ratio: Gain probability vs. loss probability	—	1.64	—
Calmar ratio: Return relative to maximum drawdown	—	5.01	—
Martin ratio: Return relative to average drawdown	—	17.92	—

Drawdowns

Drawdown Indicators

	FULVX	LVAFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.69%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	FULVX	LVAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.24%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.53%	—

FULVX vs. LVAFX - Expense Ratio Comparison

FULVX has a 0.66% expense ratio, which is lower than LVAFX's 1.00% expense ratio.

Dividends

FULVX vs. LVAFX - Dividend Comparison

FULVX's dividend yield for the trailing twelve months is around 8.06%, less than LVAFX's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%
LVAFX LSV Global Managed Volatility Fund	8.67%	10.17%	2.71%	15.64%	2.90%	2.90%	2.14%	7.62%	3.59%	7.10%	1.66%	1.74%

Frequently Asked Questions

Can I hold both FULVX and LVAFX in my portfolio?

FULVX and LVAFX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.