SCHG vs. FDVLX

Last updated Jun 13, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and FDVLX (Fidelity Value Fund) are both funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while FDVLX is a Mid Cap Value Equities fund managed by Fidelity. Over the past 10 years, SCHG returned 18.50%/yr vs 14.15%/yr for FDVLX. A 0.75 correlation means they provide meaningful diversification when combined. SCHG charges 0.04%/yr vs 0.79%/yr for FDVLX.

Performance

SCHG vs. FDVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and Fidelity Value Fund (FDVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 2.58% return, which is significantly lower than FDVLX's 17.78% return. Over the past 10 years, SCHG has outperformed FDVLX with an annualized return of 18.50%, while FDVLX has yielded a comparatively lower 14.15% annualized return.

SCHG

• 1D: 0.12%
• 1M: -2.62%
• YTD: 2.58%
• 6M: 2.96%
• 1Y: 18.71%
• 3Y*: 22.68%
• 5Y*: 14.33%
• 10Y*: 18.50%

FDVLX

• 1D: 2.66%
• 1M: 3.44%
• YTD: 17.78%
• 6M: 16.76%
• 1Y: 33.26%
• 3Y*: 25.49%
• 5Y*: 13.93%
• 10Y*: 14.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHG vs. FDVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	2.58%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
FDVLX Fidelity Value Fund	17.78%	11.32%	30.11%	19.57%	-9.07%	35.30%	9.33%	31.68%	-17.58%	14.11%

Correlation

The correlation between SCHG and FDVLX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.75

Over the past year, the correlation between SCHG and FDVLX has dropped to 0.53 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

SCHG vs. FDVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHG

SCHG Risk / Return Rank: 33
SCHG Sharpe Ratio Rank: 37
SCHG Sortino Ratio Rank: 35
SCHG Omega Ratio Rank: 36
SCHG Calmar Ratio Rank: 27
SCHG Martin Ratio Rank: 30

FDVLX

FDVLX Risk / Return Rank: 77
FDVLX Sharpe Ratio Rank: 74
FDVLX Sortino Ratio Rank: 76
FDVLX Omega Ratio Rank: 67
FDVLX Calmar Ratio Rank: 85
FDVLX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHG vs. FDVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and Fidelity Value Fund (FDVLX). 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.

	SCHG	FDVLX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.03	-0.85
Sortino ratio: Return per unit of downside risk	1.64	2.93	-1.30
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.14	3.37	-2.23
Martin ratio: Return relative to average drawdown	3.78	12.37	-8.59

SCHG vs. FDVLX - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.18, which is lower than the FDVLX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SCHG and FDVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHG vs. FDVLX - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum FDVLX drawdown of -66.91%. Use the drawdown chart below to compare losses from any high point for SCHG and FDVLX.

Drawdown Indicators

	SCHG	FDVLX	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-66.91%	+32.32%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-9.90%	-6.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-31.45%	+8.06%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-31.45%	-3.14%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-48.66%	+14.07%
Current Drawdown Current decline from peak	-5.33%	0.00%	-5.33%
Average Drawdown Average peak-to-trough decline	-5.20%	-9.02%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	2.70%	+2.26%

Volatility

SCHG vs. FDVLX - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) and Fidelity Value Fund (FDVLX) have volatilities of 5.14% and 5.20%, 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.

Volatility by Period

	SCHG	FDVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.20%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	12.00%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	16.46%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	26.60%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	25.20%	-3.62%

SCHG vs. FDVLX - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than FDVLX's 0.79% expense ratio.

Dividends

SCHG vs. FDVLX - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.38%, less than FDVLX's 8.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVLX Fidelity Value Fund	8.53%	10.05%	33.05%	3.71%	7.08%	9.79%	0.98%	3.34%	16.25%	3.38%	1.26%	10.97%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and FDVLX in my portfolio?

SCHG and FDVLX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHG or FDVLX?

FDVLX has higher volatility (5.20%) compared to SCHG (5.14%). In terms of maximum drawdown, SCHG dropped -34.59% vs FDVLX's -66.91%.

Which has better risk-adjusted returns?

FDVLX currently has the higher Sharpe Ratio (2.03 vs 1.18), 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.