OFALX vs. FBLEX
OFALX (Olstein All Cap Value Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, OFALX returned 8.68%/yr vs 12.40%/yr for FBLEX. Their correlation of 0.93 suggests significant overlap in exposure. OFALX charges 2.15%/yr vs 0.01%/yr for FBLEX.
Performance
OFALX vs. FBLEX - Performance Comparison
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Returns By Period
In the year-to-date period, OFALX achieves a 4.88% return, which is significantly lower than FBLEX's 10.21% return. Over the past 10 years, OFALX has underperformed FBLEX with an annualized return of 8.68%, while FBLEX has yielded a comparatively higher 12.40% annualized return.
OFALX
- 1D
- -0.32%
- 1M
- 1.03%
- YTD
- 4.88%
- 6M
- 4.47%
- 1Y
- 14.43%
- 3Y*
- 8.90%
- 5Y*
- 2.82%
- 10Y*
- 8.68%
FBLEX
- 1D
- -0.13%
- 1M
- 1.97%
- YTD
- 10.21%
- 6M
- 9.61%
- 1Y
- 23.97%
- 3Y*
- 19.60%
- 5Y*
- 12.48%
- 10Y*
- 12.40%
OFALX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OFALX Olstein All Cap Value Fund | 4.88% | 7.07% | 8.94% | 11.39% | -19.24% | 25.52% | 10.01% | 31.54% | -11.04% | 14.30% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.21% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between OFALX and FBLEX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012 | 0.93 |
The correlation between OFALX and FBLEX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
OFALX vs. FBLEX — Risk / Return Rank
OFALX
FBLEX
OFALX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Olstein All Cap Value Fund (OFALX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.
| OFALX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.63 | -2.09 |
| Martin ratioReturn relative to average drawdown | 4.80 | 14.62 | -9.82 |
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Drawdowns
OFALX vs. FBLEX - Drawdown Comparison
The maximum OFALX drawdown since its inception was -63.49%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for OFALX and FBLEX.
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Drawdown Indicators
| OFALX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.49% | -39.73% | -23.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -6.89% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -14.71% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.27% | -19.00% | -9.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.26% | -39.73% | -1.53% |
Current DrawdownCurrent decline from peak | -1.89% | -0.77% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -10.43% | -3.81% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 1.70% | +1.52% |
Volatility
OFALX vs. FBLEX - Volatility Comparison
Olstein All Cap Value Fund (OFALX) has a higher volatility of 3.78% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.35%. This indicates that OFALX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OFALX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.35% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 8.21% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 10.83% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 14.79% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 17.41% | +3.87% |
OFALX vs. FBLEX - Expense Ratio Comparison
OFALX has a 2.15% expense ratio, which is higher than FBLEX's 0.01% expense ratio.
Dividends
OFALX vs. FBLEX - Dividend Comparison
OFALX's dividend yield for the trailing twelve months is around 8.16%, less than FBLEX's 10.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.08% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
OFALX Olstein All Cap Value Fund | 8.16% | 8.56% | 11.24% | 0.13% | 10.61% | 19.70% | 0.18% | 6.55% | 11.05% | 6.08% | 0.22% | 17.34% |
Frequently Asked Questions
With a correlation of 0.90, OFALX and FBLEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
OFALX has higher volatility (3.78%) compared to FBLEX (3.35%). In terms of maximum drawdown, OFALX dropped -63.49% vs FBLEX's -39.73%.
FBLEX currently has the higher Sharpe Ratio (2.31 vs 1.12), 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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