Correlation
The correlation between FVDFX and EFV is 0.79, 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.
FVDFX vs. EFV
Compare and contrast key facts about Fidelity Value Discovery Fund (FVDFX) and iShares MSCI EAFE Value ETF (EFV).
FVDFX is managed by Fidelity. It was launched on Dec 10, 2002. EFV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Value Index. It was launched on Aug 1, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVDFX or EFV.
Performance
FVDFX vs. EFV - Performance Comparison
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Key characteristics
FVDFX:
0.59
EFV:
1.19
FVDFX:
0.86
EFV:
1.62
FVDFX:
1.12
EFV:
1.23
FVDFX:
0.58
EFV:
1.38
FVDFX:
1.79
EFV:
4.63
FVDFX:
4.36%
EFV:
4.10%
FVDFX:
14.43%
EFV:
16.71%
FVDFX:
-60.85%
EFV:
-63.94%
FVDFX:
-4.09%
EFV:
-0.53%
Returns By Period
In the year-to-date period, FVDFX achieves a 2.82% return, which is significantly lower than EFV's 21.29% return. Over the past 10 years, FVDFX has outperformed EFV with an annualized return of 7.68%, while EFV has yielded a comparatively lower 5.44% annualized return.
FVDFX
2.82%
1.81%
-4.09%
6.33%
5.14%
12.23%
7.68%
EFV
21.29%
3.33%
18.23%
18.31%
13.64%
14.62%
5.44%
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FVDFX vs. EFV - Expense Ratio Comparison
FVDFX has a 0.80% expense ratio, which is higher than EFV's 0.39% expense ratio.
Risk-Adjusted Performance
FVDFX vs. EFV — Risk-Adjusted Performance Rank
FVDFX
EFV
FVDFX vs. EFV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Discovery Fund (FVDFX) and iShares MSCI EAFE Value ETF (EFV). 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.
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Dividends
FVDFX vs. EFV - Dividend Comparison
FVDFX's dividend yield for the trailing twelve months is around 5.20%, more than EFV's 3.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVDFX Fidelity Value Discovery Fund | 5.20% | 5.34% | 5.23% | 4.71% | 4.76% | 1.31% | 2.96% | 4.61% | 1.91% | 1.16% | 3.40% | 1.36% |
EFV iShares MSCI EAFE Value ETF | 3.85% | 4.67% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.27% | 3.59% | 4.87% |
Drawdowns
FVDFX vs. EFV - Drawdown Comparison
The maximum FVDFX drawdown since its inception was -60.85%, roughly equal to the maximum EFV drawdown of -63.94%. Use the drawdown chart below to compare losses from any high point for FVDFX and EFV.
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Volatility
FVDFX vs. EFV - Volatility Comparison
Fidelity Value Discovery Fund (FVDFX) has a higher volatility of 3.87% compared to iShares MSCI EAFE Value ETF (EFV) at 3.00%. This indicates that FVDFX's price experiences larger fluctuations and is considered to be riskier than EFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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