FVAL vs. IWD
Compare and contrast key facts about Fidelity Value Factor ETF (FVAL) and iShares Russell 1000 Value ETF (IWD).
FVAL and IWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both FVAL and IWD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVAL or IWD.
Performance
FVAL vs. IWD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FVAL having a 20.47% return and IWD slightly lower at 20.32%.
FVAL
20.47%
1.96%
12.54%
27.89%
13.41%
N/A
IWD
20.32%
2.50%
12.76%
28.49%
10.41%
8.90%
Key characteristics
| FVAL | IWD | |
|---|---|---|
| Sharpe Ratio | 2.49 | 2.67 |
| Sortino Ratio | 3.31 | 3.75 |
| Omega Ratio | 1.46 | 1.48 |
| Calmar Ratio | 3.67 | 5.36 |
| Martin Ratio | 15.65 | 16.70 |
| Ulcer Index | 1.82% | 1.74% |
| Daily Std Dev | 11.46% | 10.89% |
| Max Drawdown | -37.26% | -60.10% |
| Current Drawdown | -0.83% | -0.17% |
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FVAL vs. IWD - Expense Ratio Comparison
FVAL has a 0.29% expense ratio, which is higher than IWD's 0.19% expense ratio.
Correlation
The correlation between FVAL and IWD is 0.92, 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.
Risk-Adjusted Performance
FVAL vs. IWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Factor ETF (FVAL) and iShares Russell 1000 Value ETF (IWD). 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
FVAL vs. IWD - Dividend Comparison
FVAL's dividend yield for the trailing twelve months is around 1.57%, less than IWD's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | 1.57% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% | 0.00% | 0.00% | 0.00% |
IWD iShares Russell 1000 Value ETF | 1.76% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% | 2.00% | 1.95% |
Drawdowns
FVAL vs. IWD - Drawdown Comparison
The maximum FVAL drawdown since its inception was -37.26%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for FVAL and IWD. For additional features, visit the drawdowns tool.
Volatility
FVAL vs. IWD - Volatility Comparison
Fidelity Value Factor ETF (FVAL) has a higher volatility of 4.15% compared to iShares Russell 1000 Value ETF (IWD) at 3.77%. This indicates that FVAL's price experiences larger fluctuations and is considered to be riskier than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.