FVAL vs. LVDS

Last updated Jul 17, 2026

FVAL (Fidelity Value Factor ETF) and LVDS (JPMorgan Fundamental Data Science Large Value ETF) are both Large Cap Value Equities funds. FVAL is passively managed, while LVDS is actively managed. Over the past year, FVAL returned 26.39% vs 29.17% for LVDS. A 0.77 correlation means they provide meaningful diversification when combined. FVAL charges 0.15%/yr vs 0.30%/yr for LVDS.

Performance

FVAL vs. LVDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Value Factor ETF (FVAL) and JPMorgan Fundamental Data Science Large Value ETF (LVDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVAL achieves a 11.36% return, which is significantly lower than LVDS's 19.24% return.

FVAL

• 1D: -0.20%
• 1M: 1.45%
• 6M: 9.89%
• YTD: 11.36%
• 1Y: 26.39%
• 3Y*: 18.91%
• 5Y*: 12.55%
• 10Y*: —

LVDS

• 1D: 0.73%
• 1M: 2.52%
• 6M: 15.52%
• YTD: 19.24%
• 1Y: 29.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FVAL vs. LVDS - Yearly Performance Comparison

	2026 (YTD)	2025
FVAL Fidelity Value Factor ETF	11.36%	13.00%
LVDS JPMorgan Fundamental Data Science Large Value ETF	19.24%	7.40%

Correlation

The correlation between FVAL and LVDS is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	0.77

The correlation between FVAL and LVDS has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.

FVAL vs. LVDS - Sectors Allocation Comparison

Sectors	FVAL	LVDS
Technology	33.2%	18.7%
Financial Services	12.8%	18.7%
Healthcare	10.8%	10.1%
Consumer Cyclical	10.4%	8.4%
Communication Services	9.4%	7.5%
Industrials	8.9%	12.1%
Consumer Defensive	4.6%	6.4%
Energy	3.2%	6.6%
Real Estate	2.6%	4.1%
Utilities	2.1%	4.7%
Basic Materials	1.9%	2.7%

Return for Risk

FVAL vs. LVDS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FVAL

FVAL Risk / Return Rank: 82
FVAL Sharpe Ratio Rank: 86
FVAL Sortino Ratio Rank: 85
FVAL Omega Ratio Rank: 84
FVAL Calmar Ratio Rank: 73
FVAL Martin Ratio Rank: 80

LVDS

LVDS Risk / Return Rank: 93
LVDS Sharpe Ratio Rank: 94
LVDS Sortino Ratio Rank: 94
LVDS Omega Ratio Rank: 92
LVDS Calmar Ratio Rank: 90
LVDS Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FVAL vs. LVDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Factor ETF (FVAL) and JPMorgan Fundamental Data Science Large Value ETF (LVDS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FVAL	LVDS	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.79	-0.57
Sortino ratio: Return per unit of downside risk	3.06	3.94	-0.89
Omega ratio: Gain probability vs. loss probability	1.40	1.50	-0.10
Calmar ratio: Return relative to maximum drawdown	2.97	4.41	-1.44
Martin ratio: Return relative to average drawdown	12.13	17.88	-5.76

FVAL vs. LVDS - Sharpe Ratio Comparison

The current FVAL Sharpe Ratio is 2.22, which is comparable to the LVDS Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of FVAL and LVDS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FVAL vs. LVDS - Drawdown Comparison

The maximum FVAL drawdown since its inception was -37.26%, which is greater than LVDS's maximum drawdown of -6.64%. Use the drawdown chart below to compare losses from any high point for FVAL and LVDS.

Drawdown Indicators

	FVAL	LVDS	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-6.64%	-30.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-6.64%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.42%	—	—
Current Drawdown Current decline from peak	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-4.55%	-0.92%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.64%	+0.54%

Volatility

FVAL vs. LVDS - Volatility Comparison

The current volatility for Fidelity Value Factor ETF (FVAL) is 2.61%, while JPMorgan Fundamental Data Science Large Value ETF (LVDS) has a volatility of 2.88%. This indicates that FVAL experiences smaller price fluctuations and is considered to be less risky than LVDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVAL	LVDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.88%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	8.16%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	10.50%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	10.56%	+5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	10.56%	+7.49%

FVAL vs. LVDS - Expense Ratio Comparison

FVAL has a 0.15% expense ratio, which is lower than LVDS's 0.30% expense ratio.

Dividends

FVAL vs. LVDS - Dividend Comparison

FVAL's dividend yield for the trailing twelve months is around 1.57%, less than LVDS's 7.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FVAL Fidelity Value Factor ETF	1.57%	1.61%	1.60%	1.69%	1.79%	1.41%	1.61%	1.77%	2.06%	1.62%	0.45%
LVDS JPMorgan Fundamental Data Science Large Value ETF	7.55%	8.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FVAL and LVDS in my portfolio?

FVAL and LVDS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVAL or LVDS?

LVDS has higher volatility (2.88%) compared to FVAL (2.61%). In terms of maximum drawdown, FVAL dropped -37.26% vs LVDS's -6.64%.

Which ETF is better, FVAL or LVDS?

On 1-year performance, LVDS leads with 29.17% vs 26.39% for FVAL. On fees, FVAL is cheaper at 0.15% per year. On volatility, FVAL has been the lower-risk option at 2.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FVAL or LVDS?

Over the 1-year period, LVDS has performed better with a 29.17% return vs 26.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FVAL or LVDS?

FVAL is cheaper with a 0.15% expense ratio, compared with 0.30% for LVDS.

Which ETF pays a higher dividend yield, FVAL or LVDS?

LVDS has the higher dividend yield at 7.55%, compared with 1.57% for FVAL.

What is the main difference between FVAL and LVDS?

They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.15% for FVAL and 0.30% for LVDS.

Which has better risk-adjusted returns?

LVDS currently has the higher Sharpe Ratio (2.79 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.