FULVX vs. SCHK
Compare and contrast key facts about Fidelity U.S. Low Volatility Equity Fund (FULVX) and Schwab 1000 Index ETF (SCHK).
FULVX is managed by Fidelity. It was launched on Nov 5, 2019. SCHK is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Oct 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FULVX or SCHK.
Key characteristics
| FULVX | SCHK | |
|---|---|---|
| YTD Return | 15.36% | 18.13% |
| 1Y Return | 20.28% | 27.97% |
| 3Y Return (Ann) | 5.26% | 8.68% |
| Sharpe Ratio | 2.25 | 2.14 |
| Daily Std Dev | 9.01% | 12.88% |
| Max Drawdown | -33.24% | -34.80% |
| Current Drawdown | -0.96% | -0.70% |
Correlation
The correlation between FULVX and SCHK 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. SCHK - Performance Comparison
In the year-to-date period, FULVX achieves a 15.36% return, which is significantly lower than SCHK's 18.13% 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. SCHK - Expense Ratio Comparison
FULVX has a 0.66% expense ratio, which is higher than SCHK's 0.05% expense ratio.
Risk-Adjusted Performance
FULVX vs. SCHK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and Schwab 1000 Index ETF (SCHK). 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. SCHK - Dividend Comparison
FULVX's dividend yield for the trailing twelve months is around 1.22%, which matches SCHK's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.22% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% | 0.00% | 0.00% |
SCHK Schwab 1000 Index ETF | 0.94% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.82% | 0.31% |
Drawdowns
FULVX vs. SCHK - Drawdown Comparison
The maximum FULVX drawdown since its inception was -33.24%, roughly equal to the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for FULVX and SCHK. For additional features, visit the drawdowns tool.
Volatility
FULVX vs. SCHK - Volatility Comparison
The current volatility for Fidelity U.S. Low Volatility Equity Fund (FULVX) is 2.52%, while Schwab 1000 Index ETF (SCHK) has a volatility of 3.95%. This indicates that FULVX experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.