FVAL vs. IWF
Compare and contrast key facts about Fidelity Value Factor ETF (FVAL) and iShares Russell 1000 Growth ETF (IWF).
FVAL and IWF 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. IWF is a passively managed fund by iShares that tracks the performance of the Russell 1000 Growth Index. It was launched on May 22, 2000. Both FVAL and IWF 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 IWF.
Performance
FVAL vs. IWF - Performance Comparison
Returns By Period
In the year-to-date period, FVAL achieves a 19.54% return, which is significantly lower than IWF's 28.84% return.
FVAL
19.54%
0.92%
10.40%
27.81%
13.29%
N/A
IWF
28.84%
1.63%
13.16%
35.97%
19.06%
16.21%
Key characteristics
| FVAL | IWF | |
|---|---|---|
| Sharpe Ratio | 2.47 | 2.14 |
| Sortino Ratio | 3.29 | 2.80 |
| Omega Ratio | 1.46 | 1.39 |
| Calmar Ratio | 3.64 | 2.71 |
| Martin Ratio | 15.57 | 10.68 |
| Ulcer Index | 1.82% | 3.37% |
| Daily Std Dev | 11.47% | 16.79% |
| Max Drawdown | -37.26% | -64.18% |
| Current Drawdown | -1.60% | -2.44% |
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FVAL vs. IWF - Expense Ratio Comparison
FVAL has a 0.29% expense ratio, which is higher than IWF's 0.19% expense ratio.
Correlation
The correlation between FVAL and IWF is 0.83, 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. IWF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Factor ETF (FVAL) and iShares Russell 1000 Growth ETF (IWF). 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. IWF - Dividend Comparison
FVAL's dividend yield for the trailing twelve months is around 1.58%, more than IWF's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVAL Fidelity Value Factor ETF | 1.58% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% | 0.00% | 0.00% | 0.00% |
IWF iShares Russell 1000 Growth ETF | 0.52% | 0.67% | 0.91% | 0.50% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% | 1.33% | 1.29% |
Drawdowns
FVAL vs. IWF - Drawdown Comparison
The maximum FVAL drawdown since its inception was -37.26%, smaller than the maximum IWF drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for FVAL and IWF. For additional features, visit the drawdowns tool.
Volatility
FVAL vs. IWF - Volatility Comparison
The current volatility for Fidelity Value Factor ETF (FVAL) is 4.23%, while iShares Russell 1000 Growth ETF (IWF) has a volatility of 5.58%. This indicates that FVAL experiences smaller price fluctuations and is considered to be less risky than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.