FVAL vs. SEIV

Last updated Jun 4, 2026

FVAL (Fidelity Value Factor ETF) and SEIV (SEI Enhanced US Large Cap Value Factor ETF) are both Large Cap Value Equities funds. FVAL is passively managed, while SEIV is actively managed. Over the past 3 years, FVAL returned 20.96%/yr vs 27.80%/yr for SEIV. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

FVAL vs. SEIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Value Factor ETF (FVAL) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVAL achieves a 11.14% return, which is significantly lower than SEIV's 18.28% return.

FVAL

• 1D: -0.59%
• 1M: 5.54%
• YTD: 11.14%
• 6M: 12.79%
• 1Y: 31.42%
• 3Y*: 20.96%
• 5Y*: 12.53%
• 10Y*: —

SEIV

• 1D: -0.85%
• 1M: 10.69%
• YTD: 18.28%
• 6M: 21.23%
• 1Y: 44.72%
• 3Y*: 27.80%
• 5Y*: —
• 10Y*: —

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

FVAL vs. SEIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FVAL Fidelity Value Factor ETF	11.14%	19.56%	18.05%	23.10%	-2.57%
SEIV SEI Enhanced US Large Cap Value Factor ETF	18.28%	27.43%	19.73%	21.90%	-3.71%

Correlation

The correlation between FVAL and SEIV is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.93

The correlation between FVAL and SEIV has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

FVAL vs. SEIV - Sectors Allocation Comparison

Sectors	FVAL	SEIV
Technology	32.6%	17.0%
Financial Services	11.4%	23.0%
Consumer Cyclical	9.9%	18.5%
Communication Services	9.4%	6.5%
Healthcare	9.3%	18.1%
Industrials	8.1%	3.0%
Consumer Defensive	4.3%	3.9%
Energy	4.1%	0.9%
Real Estate	2.4%	1.2%
Basic Materials	1.9%	5.1%
Utilities	1.8%	2.4%

Return for Risk

FVAL vs. SEIV — Risk / Return Rank

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

FVAL

FVAL Risk / Return Rank: 79
FVAL Sharpe Ratio Rank: 82
FVAL Sortino Ratio Rank: 83
FVAL Omega Ratio Rank: 81
FVAL Calmar Ratio Rank: 70
FVAL Martin Ratio Rank: 79

SEIV

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

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. SEIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Factor ETF (FVAL) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). 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.

	FVAL	SEIV	Difference
Sharpe ratio Return per unit of total volatility	2.73	3.60	-0.87
Sortino ratio Return per unit of downside risk	3.78	4.91	-1.12
Omega ratio Gain probability vs. loss probability	1.49	1.64	-0.15
Calmar ratio Return relative to maximum drawdown	3.54	6.47	-2.93
Martin ratio Return relative to average drawdown	15.80	26.41	-10.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVAL vs. SEIV - Sharpe Ratio Comparison

The current FVAL Sharpe Ratio is 2.73, which is comparable to the SEIV Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of FVAL and SEIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FVAL	SEIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	3.60	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.23	-0.42

Drawdowns

FVAL vs. SEIV - Drawdown Comparison

The maximum FVAL drawdown since its inception was -37.26%, which is greater than SEIV's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for FVAL and SEIV.

Drawdown Indicators

	FVAL	SEIV	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-18.18%	-19.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-6.95%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-18.39%	-17.71%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-23.42%	—	—
Current Drawdown Current decline from peak	-0.75%	-0.85%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.58%	-3.48%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.70%	+0.29%

Volatility

FVAL vs. SEIV - Volatility Comparison

The current volatility for Fidelity Value Factor ETF (FVAL) is 2.70%, while SEI Enhanced US Large Cap Value Factor ETF (SEIV) has a volatility of 4.10%. This indicates that FVAL experiences smaller price fluctuations and is considered to be less risky than SEIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVAL	SEIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	4.10%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	9.08%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	12.49%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	16.68%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	16.68%	+1.43%

FVAL vs. SEIV - Expense Ratio Comparison

Both FVAL and SEIV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FVAL vs. SEIV - Dividend Comparison

FVAL's dividend yield for the trailing twelve months is around 1.49%, more than SEIV's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FVAL Fidelity Value Factor ETF	1.49%	1.61%	1.60%	1.69%	1.79%	1.41%	1.61%	1.77%	2.06%	1.62%	0.45%
SEIV SEI Enhanced US Large Cap Value Factor ETF	1.34%	1.51%	1.66%	2.08%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FVAL and SEIV in my portfolio?

FVAL and SEIV have a correlation of 0.88, 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 SEIV?

SEIV has higher volatility (4.10%) compared to FVAL (2.70%). In terms of maximum drawdown, FVAL dropped -37.26% vs SEIV's -18.18%.

Which ETF is better, FVAL or SEIV?

On 3-year performance, SEIV leads with 27.80% vs 20.96% for FVAL. Both ETFs have the same 0.15% expense ratio. On volatility, FVAL has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FVAL or SEIV?

Over the 3-year period, SEIV has performed better with a 27.80% return vs 20.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FVAL or SEIV?

FVAL and SEIV have the same expense ratio: 0.15% per year.

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

FVAL has the higher dividend yield at 1.49%, compared with 1.34% for SEIV.

What is the main difference between FVAL and SEIV?

They also come from different issuers: Fidelity and SEI.

Which has better risk-adjusted returns?

SEIV currently has the higher Sharpe Ratio (3.60 vs 2.73), 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.