FULVX vs. XLV
Compare and contrast key facts about Fidelity U.S. Low Volatility Equity Fund (FULVX) and Health Care Select Sector SPDR Fund (XLV).
FULVX is managed by Fidelity. It was launched on Nov 5, 2019. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FULVX or XLV.
Key characteristics
| FULVX | XLV | |
|---|---|---|
| YTD Return | 15.36% | 14.78% |
| 1Y Return | 20.28% | 19.51% |
| 3Y Return (Ann) | 5.26% | 6.99% |
| Sharpe Ratio | 2.25 | 1.81 |
| Daily Std Dev | 9.01% | 10.85% |
| Max Drawdown | -33.24% | -39.18% |
| Current Drawdown | -0.96% | -1.20% |
Correlation
The correlation between FULVX and XLV is 0.80, 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. XLV - Performance Comparison
The year-to-date returns for both stocks are quite close, with FULVX having a 15.36% return and XLV slightly lower at 14.78%. 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. XLV - Expense Ratio Comparison
FULVX has a 0.66% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
FULVX vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Low Volatility Equity Fund (FULVX) and Health Care Select Sector SPDR Fund (XLV). 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. XLV - Dividend Comparison
FULVX's dividend yield for the trailing twelve months is around 1.22%, more than XLV's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FULVX Fidelity U.S. Low Volatility Equity Fund | 1.22% | 1.65% | 4.98% | 5.35% | 0.62% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV Health Care Select Sector SPDR Fund | 1.09% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
Drawdowns
FULVX vs. XLV - Drawdown Comparison
The maximum FULVX drawdown since its inception was -33.24%, smaller than the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for FULVX and XLV. For additional features, visit the drawdowns tool.
Volatility
FULVX vs. XLV - Volatility Comparison
Fidelity U.S. Low Volatility Equity Fund (FULVX) and Health Care Select Sector SPDR Fund (XLV) have volatilities of 2.52% and 2.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.