FULVX vs. MINV.L
Compare and contrast key facts about Fidelity U.S. Low Volatility Equity Fund (FULVX) and iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L).
FULVX is managed by Fidelity. It was launched on Nov 5, 2019. MINV.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Nov 30, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FULVX or MINV.L.
Key characteristics
| FULVX | MINV.L | |
|---|---|---|
| YTD Return | 15.36% | 11.06% |
| 1Y Return | 20.28% | 11.96% |
| 3Y Return (Ann) | 5.26% | 6.40% |
| Sharpe Ratio | 2.25 | 1.44 |
| Daily Std Dev | 9.01% | 7.64% |
| Max Drawdown | -33.24% | -20.38% |
| Current Drawdown | -0.96% | -1.18% |
Correlation
The correlation between FULVX and MINV.L is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FULVX vs. MINV.L - Performance Comparison
In the year-to-date period, FULVX achieves a 15.36% return, which is significantly higher than MINV.L's 11.06% 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. MINV.L - Expense Ratio Comparison
FULVX has a 0.66% expense ratio, which is higher than MINV.L's 0.35% expense ratio.
Risk-Adjusted Performance
FULVX vs. MINV.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L). 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. MINV.L - Dividend Comparison
FULVX's dividend yield for the trailing twelve months is around 1.22%, while MINV.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.22% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% |
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FULVX vs. MINV.L - Drawdown Comparison
The maximum FULVX drawdown since its inception was -33.24%, which is greater than MINV.L's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for FULVX and MINV.L. For additional features, visit the drawdowns tool.
Volatility
FULVX vs. MINV.L - Volatility Comparison
The current volatility for Fidelity U.S. Low Volatility Equity Fund (FULVX) is 2.52%, while iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) has a volatility of 2.91%. This indicates that FULVX experiences smaller price fluctuations and is considered to be less risky than MINV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.