STRV vs. FXAIX

Last updated Jun 4, 2026

STRV (Strive 500 ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - STRV is a Large Cap Growth Equities fund tracking the Bloomberg US Large Cap Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, STRV returned 22.74%/yr vs 22.75%/yr for FXAIX. With a 0.97 correlation, they move nearly in lockstep. STRV charges 0.05%/yr vs 0.02%/yr for FXAIX.

Performance

STRV vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive 500 ETF (STRV) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STRV achieves a 10.98% return, which is significantly lower than FXAIX's 11.71% return.

STRV

• 1D: -0.67%
• 1M: 5.39%
• YTD: 10.98%
• 6M: 10.91%
• 1Y: 28.16%
• 3Y*: 22.74%
• 5Y*: —
• 10Y*: —

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

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

STRV vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
STRV Strive 500 ETF	10.98%	17.95%	25.13%	27.70%	-1.96%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	-1.12%

Correlation

The correlation between STRV and FXAIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022	0.97

The correlation between STRV and FXAIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

STRV vs. FXAIX — Risk / Return Rank

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

STRV

STRV Risk / Return Rank: 67
STRV Sharpe Ratio Rank: 68
STRV Sortino Ratio Rank: 68
STRV Omega Ratio Rank: 65
STRV Calmar Ratio Rank: 61
STRV Martin Ratio Rank: 73

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX 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.

STRV vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive 500 ETF (STRV) and Fidelity 500 Index Fund (FXAIX). 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.

	STRV	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.52	-0.24
Sortino ratio: Return per unit of downside risk	3.17	3.42	-0.26
Omega ratio: Gain probability vs. loss probability	1.40	1.46	-0.06
Calmar ratio: Return relative to maximum drawdown	3.04	3.36	-0.31
Martin ratio: Return relative to average drawdown	13.78	15.70	-1.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STRV vs. FXAIX - Sharpe Ratio Comparison

The current STRV Sharpe Ratio is 2.28, which is comparable to the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of STRV and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	STRV	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.52	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.82	+0.51

Drawdowns

STRV vs. FXAIX - Drawdown Comparison

The maximum STRV drawdown since its inception was -19.00%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for STRV and FXAIX.

Drawdown Indicators

	STRV	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	-33.79%	+14.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	-8.89%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-18.76%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-0.67%	0.00%	-0.67%
Average Drawdown Average peak-to-trough decline	-2.26%	-3.79%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.90%	+0.15%

Volatility

STRV vs. FXAIX - Volatility Comparison

Strive 500 ETF (STRV) and Fidelity 500 Index Fund (FXAIX) have volatilities of 2.79% and 2.83%, 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

	STRV	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.83%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	8.97%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	11.86%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	16.91%	-0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	18.07%	-1.97%

STRV vs. FXAIX - Expense Ratio Comparison

STRV has a 0.05% expense ratio, which is higher than FXAIX's 0.02% 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

STRV vs. FXAIX - Dividend Comparison

STRV's dividend yield for the trailing twelve months is around 1.02%, which matches FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
STRV Strive 500 ETF	1.02%	1.05%	1.13%	1.21%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STRV and FXAIX in my portfolio?

With a correlation of 0.98, STRV and FXAIX 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.

Which is riskier, STRV or FXAIX?

FXAIX has higher volatility (2.83%) compared to STRV (2.79%). In terms of maximum drawdown, STRV dropped -19.00% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.52 vs 2.28), 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.