BFSAX vs. FEQHX

Last updated Aug 1, 2026

BFSAX (BFS Equity Fund Investor Class) and FEQHX (Fidelity Hedged Equity Fund) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. BFSAX charges 1.25%/yr vs 0.55%/yr for FEQHX.

Performance

BFSAX vs. FEQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BFS Equity Fund Investor Class (BFSAX) and Fidelity Hedged Equity Fund (FEQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BFSAX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FEQHX

• 1D: 1.08%
• 1M: -1.31%
• 6M: 5.59%
• YTD: 6.65%
• 1Y: 14.48%
• 3Y*: 14.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEQHX Fidelity Hedged Equity Fund	$0.00	$0.00	$0.00

BFSAX vs. FEQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BFSAX BFS Equity Fund Investor Class	0.00%	0.00%	0.00%	8.75%	-1.26%
FEQHX Fidelity Hedged Equity Fund	6.65%	13.61%	19.46%	17.65%	-4.85%

Correlation

The correlation between BFSAX and FEQHX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.25
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.52

The correlation between BFSAX and FEQHX shifts across timeframes, from 0.25 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BFSAX vs. FEQHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BFSAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FEQHX

FEQHX Risk / Return Rank: 45
FEQHX Sharpe Ratio Rank: 47
FEQHX Sortino Ratio Rank: 46
FEQHX Omega Ratio Rank: 44
FEQHX Calmar Ratio Rank: 45
FEQHX Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFSAX vs. FEQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BFS Equity Fund Investor Class (BFSAX) and Fidelity Hedged Equity Fund (FEQHX). 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.

	BFSAX	FEQHX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.29	—
Sortino ratio: Return per unit of downside risk	—	1.84	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.74	—
Martin ratio: Return relative to average drawdown	—	6.27	—

Drawdowns

Drawdown Indicators

	BFSAX	FEQHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-10.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.42%	—
Current Drawdown Current decline from peak	—	-3.05%	—
Average Drawdown Average peak-to-trough decline	—	-2.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	BFSAX	FEQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.28%	—

BFSAX vs. FEQHX - Expense Ratio Comparison

BFSAX has a 1.25% expense ratio, which is higher than FEQHX's 0.55% expense ratio.

Dividends

BFSAX vs. FEQHX - Dividend Comparison

BFSAX has not paid dividends to shareholders, while FEQHX's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFSAX BFS Equity Fund Investor Class	0.00%	0.00%	0.00%	0.00%	1.14%	9.63%	1.50%	1.69%	3.63%	0.32%	0.45%	0.30%
FEQHX Fidelity Hedged Equity Fund	0.52%	0.43%	0.61%	0.77%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BFSAX and FEQHX in my portfolio?

BFSAX and FEQHX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.