ILCV vs. FIOOX
ILCV (iShares Morningstar Value ETF) and FIOOX (Fidelity Series Large Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 10 years, ILCV returned 11.90%/yr vs 11.39%/yr for FIOOX. Their 0.96 correlation means they have historically moved very closely together. ILCV charges 0.04%/yr vs 0.00%/yr for FIOOX.
Performance
ILCV vs. FIOOX - Performance Comparison
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Returns By Period
In the year-to-date period, ILCV achieves a 12.42% return, which is significantly lower than FIOOX's 20.14% return. Both investments have delivered pretty close results over the past 10 years, with ILCV having a 11.90% annualized return and FIOOX not far behind at 11.39%.
ILCV
- 1D
- 0.30%
- 1M
- 2.03%
- 6M
- 10.11%
- YTD
- 12.42%
- 1Y
- 29.26%
- 3Y*
- 17.48%
- 5Y*
- 12.42%
- 10Y*
- 11.90%
- ALL TIME*
- 8.73%
FIOOX
- 1D
- 0.51%
- 1M
- 1.53%
- 6M
- 14.91%
- YTD
- 20.14%
- 1Y
- 32.35%
- 3Y*
- 17.74%
- 5Y*
- 11.75%
- 10Y*
- 11.39%
- ALL TIME*
- 10.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.89M | $2.26M | $2.59M |
ILCV vs. FIOOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 12.42% | 18.79% | 17.03% | 14.43% | -7.02% | 26.71% | -0.84% | 25.19% | -6.24% | 15.00% |
FIOOX Fidelity Series Large Cap Value Index Fund | 20.14% | 15.95% | 14.34% | 11.60% | -7.56% | 25.23% | 2.85% | 26.57% | -8.28% | 11.06% |
Correlation
The correlation between ILCV and FIOOX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2013 | 0.96 |
The correlation between ILCV and FIOOX has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
ILCV vs. FIOOX — Risk / Return Rank
ILCV
FIOOX
ILCV vs. FIOOX - Risk-Adjusted Trends 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.
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.
| ILCV | FIOOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.47 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 4.37 | -0.15 |
| Martin ratioReturn relative to average drawdown | 17.65 | 18.63 | -0.97 |
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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.
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Drawdown Indicators
| ILCV | FIOOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -38.31% | -20.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.80% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -15.66% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -19.02% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | -38.31% | +2.78% |
Current DrawdownCurrent decline from peak | 0.00% | -0.50% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -4.00% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.60% | -0.04% |
Volatility
ILCV vs. FIOOX - Volatility Comparison
iShares Morningstar Value ETF (ILCV) and Fidelity Series Large Cap Value Index Fund (FIOOX) have volatilities of 2.91% and 2.87%, 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
| ILCV | FIOOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.87% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 8.70% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 11.41% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 14.88% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 17.34% | -0.71% |
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%.
Dividends
ILCV vs. FIOOX - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.55%, less than FIOOX's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOOX Fidelity Series Large Cap Value Index Fund | 2.94% | 3.66% | 3.30% | 4.31% | 4.39% | 6.12% | 2.59% | 6.82% | 4.99% | 1.74% | 2.48% | 6.77% |
ILCV iShares Morningstar Value ETF | 1.55% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
ILCV and FIOOX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ILCV has higher volatility (2.91%) compared to FIOOX (2.87%). In terms of maximum drawdown, ILCV dropped -58.63% vs FIOOX's -38.31%.
ILCV currently has the higher Sharpe Ratio (2.75 vs 2.61), 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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