ILCV vs. FIOOX
Compare and contrast key facts about iShares Morningstar Value ETF (ILCV) and Fidelity Series Large Cap Value Index Fund (FIOOX).
ILCV is a passively managed fund by iShares that tracks the performance of the ILCV-US - Morningstar US Large-Mid Cap Broad Value Index. It was launched on Jun 28, 2004. FIOOX is managed by Fidelity. It was launched on Nov 7, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ILCV or FIOOX.
Key characteristics
| ILCV | FIOOX | |
|---|---|---|
| YTD Return | 5.91% | 5.29% |
| 1Y Return | 21.35% | 18.50% |
| 3Y Return (Ann) | 7.51% | 5.27% |
| 5Y Return (Ann) | 9.43% | 8.87% |
| 10Y Return (Ann) | 9.05% | 8.89% |
| Sharpe Ratio | 1.94 | 1.58 |
| Daily Std Dev | 10.37% | 11.02% |
| Max Drawdown | -58.63% | -38.31% |
| Current Drawdown | -3.14% | -3.37% |
Correlation
The correlation between ILCV and FIOOX is 0.96, 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
ILCV vs. FIOOX - Performance Comparison
In the year-to-date period, ILCV achieves a 5.91% return, which is significantly higher than FIOOX's 5.29% return. Both investments have delivered pretty close results over the past 10 years, with ILCV having a 9.05% annualized return and FIOOX not far behind at 8.89%. 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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ILCV vs. FIOOX - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is higher than FIOOX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ILCV vs. FIOOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) and Fidelity Series Large Cap Value Index Fund (FIOOX). 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
ILCV vs. FIOOX - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 2.13%, less than FIOOX's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 2.13% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% | 2.44% | 2.51% |
FIOOX Fidelity Series Large Cap Value Index Fund | 4.07% | 4.31% | 4.39% | 6.12% | 2.59% | 6.82% | 4.99% | 4.09% | 2.48% | 6.87% | 5.87% | 0.34% |
Drawdowns
ILCV vs. FIOOX - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, which is greater than FIOOX's maximum drawdown of -38.31%. Use the drawdown chart below to compare losses from any high point for ILCV and FIOOX. For additional features, visit the drawdowns tool.
Volatility
ILCV vs. FIOOX - Volatility Comparison
iShares Morningstar Value ETF (ILCV) and Fidelity Series Large Cap Value Index Fund (FIOOX) have volatilities of 3.22% and 3.31%, 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.