VSPVX vs. FBLEX
VSPVX (Vanguard S&P 500 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, VSPVX returned 11.85%/yr vs 11.89%/yr for FBLEX. With a 0.96 correlation, they move nearly in lockstep. VSPVX charges 0.08%/yr vs 0.01%/yr for FBLEX.
Performance
VSPVX vs. FBLEX - Performance Comparison
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Returns By Period
In the year-to-date period, VSPVX achieves a 7.91% return, which is significantly lower than FBLEX's 8.36% return. Both investments have delivered pretty close results over the past 10 years, with VSPVX having a 11.85% annualized return and FBLEX not far ahead at 11.89%.
VSPVX
- 1D
- 0.50%
- 1M
- 2.64%
- YTD
- 7.91%
- 6M
- 8.20%
- 1Y
- 21.76%
- 3Y*
- 15.66%
- 5Y*
- 10.71%
- 10Y*
- 11.85%
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%
VSPVX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 7.91% | 12.62% | 11.99% | 22.39% | -5.33% | 24.80% | 1.23% | 31.84% | -9.02% | 15.28% |
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 VSPVX and FBLEX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014 | 0.96 |
The correlation between VSPVX and FBLEX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
VSPVX vs. FBLEX — Risk / Return Rank
VSPVX
FBLEX
VSPVX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) 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.
| VSPVX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.35 | +0.25 |
| Martin ratioReturn relative to average drawdown | 13.77 | 13.56 | +0.21 |
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
| VSPVX | FBLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 2.20 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.78 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.69 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.73 | -0.10 |
Drawdowns
VSPVX vs. FBLEX - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, smaller than the maximum FBLEX drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for VSPVX and FBLEX.
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Drawdown Indicators
| VSPVX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -39.73% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -6.89% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -14.71% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -19.00% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -39.73% | +2.68% |
Current DrawdownCurrent decline from peak | -0.18% | -0.20% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -3.83% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.70% | -0.07% |
Volatility
VSPVX vs. FBLEX - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 2.18%, while Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) has a volatility of 2.69%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky 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
| VSPVX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.69% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.07% | 7.89% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 10.50% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 14.79% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 17.40% | -0.33% |
VSPVX vs. FBLEX - Expense Ratio Comparison
VSPVX has a 0.08% 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
VSPVX vs. FBLEX - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.69%, 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% |
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.69% | 1.35% | 2.12% | 1.70% | 2.21% | 1.88% | 2.46% | 2.12% | 2.73% | 2.18% | 2.30% | 2.47% |
Frequently Asked Questions
With a correlation of 0.94, VSPVX 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 VSPVX (2.18%). In terms of maximum drawdown, VSPVX dropped -37.05% vs FBLEX's -39.73%.
VSPVX currently has the higher Sharpe Ratio (2.29 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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