FVLKX vs. FXAIX
Compare and contrast key facts about Fidelity Value Fund Class K (FVLKX) and Fidelity 500 Index Fund (FXAIX).
FVLKX is managed by Fidelity. It was launched on May 9, 2008. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVLKX or FXAIX.
Key characteristics
| FVLKX | FXAIX | |
|---|---|---|
| YTD Return | 15.02% | 26.96% |
| 1Y Return | 27.53% | 35.01% |
| 3Y Return (Ann) | 7.72% | 10.23% |
| 5Y Return (Ann) | 13.94% | 15.78% |
| 10Y Return (Ann) | 10.34% | 13.30% |
| Sharpe Ratio | 2.00 | 3.06 |
| Sortino Ratio | 2.86 | 4.07 |
| Omega Ratio | 1.35 | 1.58 |
| Calmar Ratio | 4.24 | 4.45 |
| Martin Ratio | 10.99 | 20.17 |
| Ulcer Index | 3.00% | 1.86% |
| Daily Std Dev | 16.44% | 12.27% |
| Max Drawdown | -62.82% | -33.79% |
| Current Drawdown | -1.61% | -0.25% |
Correlation
The correlation between FVLKX and FXAIX is 0.86, 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.
Performance
FVLKX vs. FXAIX - Performance Comparison
In the year-to-date period, FVLKX achieves a 15.02% return, which is significantly lower than FXAIX's 26.96% return. Over the past 10 years, FVLKX has underperformed FXAIX with an annualized return of 10.34%, while FXAIX has yielded a comparatively higher 13.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FVLKX vs. FXAIX - Expense Ratio Comparison
FVLKX has a 0.71% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FVLKX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund Class K (FVLKX) and Fidelity 500 Index Fund (FXAIX). 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
FVLKX vs. FXAIX - Dividend Comparison
FVLKX's dividend yield for the trailing twelve months is around 0.98%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVLKX Fidelity Value Fund Class K | 0.98% | 1.13% | 0.79% | 1.46% | 1.06% | 1.24% | 1.52% | 1.47% | 1.34% | 12.44% | 3.16% | 2.05% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FVLKX vs. FXAIX - Drawdown Comparison
The maximum FVLKX drawdown since its inception was -62.82%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FVLKX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FVLKX vs. FXAIX - Volatility Comparison
Fidelity Value Fund Class K (FVLKX) has a higher volatility of 4.96% compared to Fidelity 500 Index Fund (FXAIX) at 3.74%. This indicates that FVLKX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.