FVDFX vs. EFV
FVDFX (Fidelity Value Discovery Fund) and EFV (iShares MSCI EAFE Value ETF) are both funds - FVDFX is a Large Cap Value Equities fund managed by Fidelity, while EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index (Net). Over the past 10 years, FVDFX returned 10.53%/yr vs 10.72%/yr for EFV. Their correlation of 0.80 suggests significant overlap in exposure. FVDFX charges 0.80%/yr vs 0.31%/yr for EFV.
Performance
FVDFX vs. EFV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FVDFX having a 10.57% return and EFV slightly lower at 10.44%. Both investments have delivered pretty close results over the past 10 years, with FVDFX having a 10.53% annualized return and EFV not far ahead at 10.72%.
FVDFX
- 1D
- 0.30%
- 1M
- 0.59%
- YTD
- 10.57%
- 6M
- 10.03%
- 1Y
- 25.12%
- 3Y*
- 13.82%
- 5Y*
- 9.16%
- 10Y*
- 10.53%
EFV
- 1D
- 0.23%
- 1M
- 0.27%
- YTD
- 10.44%
- 6M
- 10.98%
- 1Y
- 30.78%
- 3Y*
- 22.39%
- 5Y*
- 13.04%
- 10Y*
- 10.72%
FVDFX vs. EFV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVDFX Fidelity Value Discovery Fund | 10.57% | 16.92% | 8.48% | 5.32% | -3.75% | 24.85% | 7.78% | 24.08% | -10.26% | 14.18% |
EFV iShares MSCI EAFE Value ETF | 10.44% | 42.22% | 5.35% | 18.85% | -5.22% | 11.08% | -2.97% | 15.80% | -14.67% | 21.22% |
Correlation
The correlation between FVDFX and EFV is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2005 | 0.80 |
The correlation between FVDFX and EFV shifts across timeframes, from 0.66 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FVDFX vs. EFV — Risk / Return Rank
FVDFX
EFV
FVDFX vs. EFV - Risk-Adjusted Trends 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.
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.
| FVDFX | EFV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.84 | +0.87 |
| Martin ratioReturn relative to average drawdown | 15.03 | 10.47 | +4.56 |
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Drawdowns
FVDFX vs. EFV - Drawdown Comparison
The maximum FVDFX drawdown since its inception was -60.88%, 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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Drawdown Indicators
| FVDFX | EFV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.88% | -63.94% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -10.90% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -13.72% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -25.84% | +9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -37.74% | -43.16% | +5.42% |
Current DrawdownCurrent decline from peak | -1.02% | -1.35% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -14.80% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.95% | -1.26% |
Volatility
FVDFX vs. EFV - Volatility Comparison
The current volatility for Fidelity Value Discovery Fund (FVDFX) is 3.20%, while iShares MSCI EAFE Value ETF (EFV) has a volatility of 4.04%. This indicates that FVDFX experiences smaller price fluctuations and is considered to be less risky than EFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVDFX | EFV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.04% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 11.94% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 14.47% | -3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 15.98% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 17.80% | -1.06% |
FVDFX vs. EFV - Expense Ratio Comparison
FVDFX has a 0.80% expense ratio, which is higher than EFV's 0.31% expense ratio.
Dividends
FVDFX vs. EFV - Dividend Comparison
FVDFX's dividend yield for the trailing twelve months is around 8.00%, more than EFV's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 4.76% | 4.16% | 4.66% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.28% | 3.59% |
FVDFX Fidelity Value Discovery Fund | 8.00% | 8.84% | 5.34% | 5.23% | 4.71% | 4.76% | 1.31% | 2.96% | 3.44% | 1.91% | 1.16% | 3.40% |
Frequently Asked Questions
FVDFX and EFV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFV has higher volatility (4.04%) compared to FVDFX (3.20%). In terms of maximum drawdown, FVDFX dropped -60.88% vs EFV's -63.94%.
FVDFX currently has the higher Sharpe Ratio (2.42 vs 2.14), 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.
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