VMVLX vs. FBLEX
VMVLX (Vanguard Mega Cap Value Index Fund Institutional Shares) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, VMVLX returned 12.74%/yr vs 11.89%/yr for FBLEX. With a 0.96 correlation, they move nearly in lockstep. VMVLX charges 0.06%/yr vs 0.01%/yr for FBLEX.
Performance
VMVLX vs. FBLEX - Performance Comparison
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Returns By Period
In the year-to-date period, VMVLX achieves a 13.01% return, which is significantly higher than FBLEX's 8.36% return. Over the past 10 years, VMVLX has outperformed FBLEX with an annualized return of 12.74%, while FBLEX has yielded a comparatively lower 11.89% annualized return.
VMVLX
- 1D
- 0.83%
- 1M
- 5.00%
- YTD
- 13.01%
- 6M
- 13.74%
- 1Y
- 26.88%
- 3Y*
- 18.83%
- 5Y*
- 11.99%
- 10Y*
- 12.74%
FBLEX
- 1D
- 0.33%
- 1M
- 2.07%
- YTD
- 8.36%
- 6M
- 9.82%
- 1Y
- 22.33%
- 3Y*
- 19.15%
- 5Y*
- 11.55%
- 10Y*
- 11.89%
VMVLX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 13.01% | 15.60% | 16.87% | 9.14% | -1.21% | 25.92% | 2.48% | 25.71% | -4.09% | 16.81% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 8.36% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between VMVLX and FBLEX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012 | 0.96 |
The correlation between VMVLX and FBLEX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
VMVLX vs. FBLEX — Risk / Return Rank
VMVLX
FBLEX
VMVLX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) 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.
| VMVLX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.40 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 3.35 | +0.94 |
| Martin ratioReturn relative to average drawdown | 16.31 | 13.56 | +2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMVLX | FBLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.20 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.78 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.69 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.73 | -0.26 |
Drawdowns
VMVLX vs. FBLEX - Drawdown Comparison
The maximum VMVLX drawdown since its inception was -55.79%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for VMVLX and FBLEX.
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Drawdown Indicators
| VMVLX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.79% | -39.73% | -16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -6.89% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.12% | -14.71% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -19.00% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -35.57% | -39.73% | +4.16% |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -3.83% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.70% | -0.02% |
Volatility
VMVLX vs. FBLEX - Volatility Comparison
Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) have volatilities of 2.62% and 2.69%, 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
| VMVLX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.69% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 7.89% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.84% | 10.50% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 14.79% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 17.40% | -0.93% |
VMVLX vs. FBLEX - Expense Ratio Comparison
VMVLX has a 0.06% expense ratio, which is higher than FBLEX's 0.01% 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
VMVLX vs. FBLEX - Dividend Comparison
VMVLX's dividend yield for the trailing twelve months is around 1.89%, less than FBLEX's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.25% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 1.89% | 2.05% | 2.32% | 2.49% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 1.90% | 2.62% |
Frequently Asked Questions
With a correlation of 0.91, VMVLX 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.
FBLEX has higher volatility (2.69%) compared to VMVLX (2.62%). In terms of maximum drawdown, VMVLX dropped -55.79% vs FBLEX's -39.73%.
VMVLX currently has the higher Sharpe Ratio (2.79 vs 2.20), 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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