BEGIX vs. FDVV

Last updated Jun 23, 2026

BEGIX (Sterling Capital Equity Income Fund) and FDVV (Fidelity High Dividend ETF) are both funds - BEGIX is a Large Cap Value Equities fund managed by Sterling Capital, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, BEGIX returned 6.68%/yr vs 13.81%/yr for FDVV. Their correlation of 0.86 suggests significant overlap in exposure. BEGIX charges 0.79%/yr vs 0.29%/yr for FDVV.

Performance

BEGIX vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Equity Income Fund (BEGIX) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEGIX achieves a 4.38% return, which is significantly lower than FDVV's 8.30% return.

BEGIX

• 1D: 0.17%
• 1M: 1.57%
• YTD: 4.38%
• 6M: 3.75%
• 1Y: 6.69%
• 3Y*: 7.44%
• 5Y*: 6.68%
• 10Y*: 11.30%

FDVV

• 1D: -0.33%
• 1M: 0.35%
• YTD: 8.30%
• 6M: 8.41%
• 1Y: 22.58%
• 3Y*: 19.87%
• 5Y*: 13.81%
• 10Y*: —

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

BEGIX vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEGIX Sterling Capital Equity Income Fund	4.38%	1.91%	4.81%	12.52%	-3.16%	28.06%	8.64%	30.56%	-0.62%	20.94%
FDVV Fidelity High Dividend ETF	8.30%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Correlation

The correlation between BEGIX and FDVV is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.86

The correlation between BEGIX and FDVV shifts across timeframes, from 0.70 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BEGIX vs. FDVV — Risk / Return Rank

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

BEGIX

BEGIX Risk / Return Rank: 8
BEGIX Sharpe Ratio Rank: 8
BEGIX Sortino Ratio Rank: 8
BEGIX Omega Ratio Rank: 7
BEGIX Calmar Ratio Rank: 9
BEGIX Martin Ratio Rank: 9

FDVV

FDVV Risk / Return Rank: 65
FDVV Sharpe Ratio Rank: 72
FDVV Sortino Ratio Rank: 72
FDVV Omega Ratio Rank: 73
FDVV Calmar Ratio Rank: 51
FDVV Martin Ratio Rank: 59

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.

BEGIX vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Equity Income Fund (BEGIX) and Fidelity High Dividend ETF (FDVV). 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.

	BEGIX	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	0.60	2.23	-1.63
Sortino ratio: Return per unit of downside risk	0.95	3.12	-2.17
Omega ratio: Gain probability vs. loss probability	1.11	1.41	-0.30
Calmar ratio: Return relative to maximum drawdown	0.85	2.44	-1.59
Martin ratio: Return relative to average drawdown	2.30	10.09	-7.79

BEGIX vs. FDVV - Sharpe Ratio Comparison

The current BEGIX Sharpe Ratio is 0.60, which is lower than the FDVV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of BEGIX and FDVV, 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

BEGIX vs. FDVV - Drawdown Comparison

The maximum BEGIX drawdown since its inception was -43.85%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for BEGIX and FDVV.

Drawdown Indicators

	BEGIX	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-43.85%	-40.25%	-3.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-9.30%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.48%	-15.90%	-13.58%
Max Drawdown (5Y) Largest decline over 5 years	-29.48%	-20.18%	-9.30%
Max Drawdown (10Y) Largest decline over 10 years	-37.01%	—	—
Current Drawdown Current decline from peak	-18.28%	-1.39%	-16.89%
Average Drawdown Average peak-to-trough decline	-5.87%	-3.79%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.24%	+0.57%

Volatility

BEGIX vs. FDVV - Volatility Comparison

Sterling Capital Equity Income Fund (BEGIX) and Fidelity High Dividend ETF (FDVV) have volatilities of 3.06% and 3.10%, 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

	BEGIX	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	3.10%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	8.26%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.75%	10.17%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.74%	14.73%	+5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	16.97%	+2.54%

BEGIX vs. FDVV - Expense Ratio Comparison

BEGIX has a 0.79% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

BEGIX vs. FDVV - Dividend Comparison

BEGIX's dividend yield for the trailing twelve months is around 26.39%, more than FDVV's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEGIX Sterling Capital Equity Income Fund	26.39%	27.63%	26.84%	9.81%	8.44%	3.01%	1.73%	9.81%	10.16%	11.59%	2.06%	8.83%
FDVV Fidelity High Dividend ETF	2.86%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%

Frequently Asked Questions

Can I hold both BEGIX and FDVV in my portfolio?

BEGIX and FDVV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEGIX or FDVV?

FDVV has higher volatility (3.10%) compared to BEGIX (3.06%). In terms of maximum drawdown, BEGIX dropped -43.85% vs FDVV's -40.25%.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.23 vs 0.60), 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.