FXAIX vs. EFV
FXAIX (Fidelity 500 Index Fund) and EFV (iShares MSCI EAFE Value ETF) are both funds - FXAIX is a S&P 500 fund tracking the S&P 500 Index, while EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index. Both are passively managed. Over the past 10 years, FXAIX returned 15.25%/yr vs 9.94%/yr for EFV. A 0.76 correlation means they provide meaningful diversification when combined. FXAIX charges 0.02%/yr vs 0.39%/yr for EFV.
Performance
FXAIX vs. EFV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FXAIX having a 8.42% return and EFV slightly lower at 8.07%. Over the past 10 years, FXAIX has outperformed EFV with an annualized return of 15.25%, while EFV has yielded a comparatively lower 9.94% annualized return.
FXAIX
- 1D
- -2.63%
- 1M
- -0.08%
- YTD
- 8.42%
- 6M
- 8.48%
- 1Y
- 24.54%
- 3Y*
- 21.52%
- 5Y*
- 13.40%
- 10Y*
- 15.25%
EFV
- 1D
- 0.35%
- 1M
- -1.10%
- YTD
- 8.07%
- 6M
- 12.00%
- 1Y
- 25.73%
- 3Y*
- 21.26%
- 5Y*
- 11.92%
- 10Y*
- 9.94%
FXAIX vs. EFV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 8.42% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
EFV iShares MSCI EAFE Value ETF | 8.07% | 42.22% | 5.35% | 18.85% | -5.22% | 11.08% | -2.97% | 15.80% | -14.67% | 21.22% |
Correlation
The correlation between FXAIX and EFV is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 5, 2011 | 0.76 |
The correlation between FXAIX and EFV shifts across timeframes, from 0.59 (3 years) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXAIX vs. EFV — Risk / Return Rank
FXAIX
EFV
FXAIX vs. EFV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.
| FXAIX | EFV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.37 | +0.55 |
| Martin ratioReturn relative to average drawdown | 13.57 | 8.79 | +4.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | EFV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.80 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.75 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.56 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.26 | +0.55 |
Drawdowns
FXAIX vs. EFV - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum EFV drawdown of -63.94%. Use the drawdown chart below to compare losses from any high point for FXAIX and EFV.
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Drawdown Indicators
| FXAIX | EFV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -63.94% | +30.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -10.90% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -13.72% | -5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -25.84% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -43.16% | +9.37% |
Current DrawdownCurrent decline from peak | -2.94% | -3.47% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -14.82% | +11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.93% | -1.02% |
Volatility
FXAIX vs. EFV - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) and iShares MSCI EAFE Value ETF (EFV) have volatilities of 3.81% and 3.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | EFV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.81% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 11.74% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 14.35% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 15.98% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 17.87% | +0.21% |
FXAIX vs. EFV - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than EFV's 0.39% expense ratio.
Dividends
FXAIX vs. EFV - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.06%, less than EFV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 3.85% | 4.16% | 4.66% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.28% | 3.59% |
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FXAIX and EFV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFV has higher volatility (3.81%) compared to FXAIX (3.81%). In terms of maximum drawdown, FXAIX dropped -33.79% vs EFV's -63.94%.
FXAIX currently has the higher Sharpe Ratio (2.13 vs 1.80), 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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