OFVIX vs. FBLEX
OFVIX (O'Shaughnessy Market Leaders Value Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 5 years, OFVIX returned 13.76%/yr vs 12.98%/yr for FBLEX. Their correlation of 0.93 means they have usually moved in the same direction. OFVIX charges 0.56%/yr vs 0.01%/yr for FBLEX.
Performance
OFVIX vs. FBLEX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with OFVIX having a 14.01% return and FBLEX slightly higher at 14.47%.
OFVIX
- 1D
- -0.69%
- 1M
- 2.67%
- 6M
- 11.13%
- YTD
- 14.01%
- 1Y
- 24.77%
- 3Y*
- 19.86%
- 5Y*
- 13.76%
- 10Y*
- —
- ALL TIME*
- 13.79%
FBLEX
- 1D
- 0.44%
- 1M
- 2.42%
- 6M
- 10.88%
- YTD
- 14.47%
- 1Y
- 27.48%
- 3Y*
- 18.37%
- 5Y*
- 12.98%
- 10Y*
- 12.31%
- ALL TIME*
- 12.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OFVIX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OFVIX O'Shaughnessy Market Leaders Value Fund | 14.01% | 15.81% | 23.70% | 17.85% | -6.13% | 30.49% | 1.76% | 35.06% | -12.95% | 22.05% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 14.47% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between OFVIX and FBLEX is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.93 |
The correlation between OFVIX and FBLEX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
OFVIX vs. FBLEX — Risk / Return Rank
OFVIX
FBLEX
OFVIX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for O'Shaughnessy Market Leaders Value Fund (OFVIX) 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.
| OFVIX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 3.62 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.16 | 15.00 | -2.84 |
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Drawdowns
OFVIX vs. FBLEX - Drawdown Comparison
The maximum OFVIX drawdown since its inception was -41.88%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for OFVIX and FBLEX.
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Drawdown Indicators
| OFVIX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.88% | -39.73% | -2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.26% | -6.89% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | -14.71% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -19.00% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.73% | — |
Current DrawdownCurrent decline from peak | -1.46% | -0.74% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -3.79% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.67% | +0.16% |
Volatility
OFVIX vs. FBLEX - Volatility Comparison
O'Shaughnessy Market Leaders Value Fund (OFVIX) has a higher volatility of 3.68% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.10%. This indicates that OFVIX'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
| OFVIX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.10% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 8.23% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 10.91% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 14.74% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 17.34% | +2.70% |
OFVIX vs. FBLEX - Expense Ratio Comparison
OFVIX has a 0.56% expense ratio, which is higher than FBLEX's 0.01% expense ratio.
Dividends
OFVIX vs. FBLEX - Dividend Comparison
OFVIX's dividend yield for the trailing twelve months is around 16.25%, more than FBLEX's 9.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 9.70% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
OFVIX O'Shaughnessy Market Leaders Value Fund | 16.25% | 18.53% | 15.22% | 4.10% | 7.88% | 1.81% | 2.15% | 8.09% | 7.74% | 2.40% | 0.00% | 0.00% |
Frequently Asked Questions
OFVIX and FBLEX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OFVIX has higher volatility (3.68%) compared to FBLEX (3.10%). In terms of maximum drawdown, OFVIX dropped -41.88% vs FBLEX's -39.73%.
FBLEX currently has the higher Sharpe Ratio (2.29 vs 1.79), 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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