BQLCX vs. FEQHX
BQLCX (Bright Rock Quality Large Cap Fund) and FEQHX (Fidelity Hedged Equity Fund) are both mutual funds - BQLCX is a Quality Factor fund managed by Bright Rock, while FEQHX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 3 years, BQLCX returned 8.16%/yr vs 14.54%/yr for FEQHX. Their correlation of 0.81 means they have usually moved in the same direction. BQLCX charges 0.87%/yr vs 0.55%/yr for FEQHX.
Performance
BQLCX vs. FEQHX - Performance Comparison
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Returns By Period
In the year-to-date period, BQLCX achieves a 3.94% return, which is significantly lower than FEQHX's 6.65% return.
BQLCX
- 1D
- 0.52%
- 1M
- 2.74%
- 6M
- 2.12%
- YTD
- 3.94%
- 1Y
- 11.20%
- 3Y*
- 8.16%
- 5Y*
- 7.21%
- 10Y*
- 10.07%
- ALL TIME*
- 11.11%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BQLCX vs. FEQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BQLCX Bright Rock Quality Large Cap Fund | 3.94% | 9.54% | 6.70% | 20.96% | 0.85% |
FEQHX Fidelity Hedged Equity Fund | 6.65% | 13.61% | 19.46% | 17.65% | -4.85% |
Correlation
The correlation between BQLCX and FEQHX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.81 |
The correlation between BQLCX and FEQHX shifts across timeframes, from 0.63 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BQLCX vs. FEQHX — Risk / Return Rank
BQLCX
FEQHX
BQLCX vs. FEQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bright Rock Quality Large Cap Fund (BQLCX) 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.
| BQLCX | FEQHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.74 | -0.55 |
| Martin ratioReturn relative to average drawdown | 3.75 | 6.27 | -2.52 |
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Drawdowns
BQLCX vs. FEQHX - Drawdown Comparison
The maximum BQLCX drawdown since its inception was -34.47%, which is greater than FEQHX's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for BQLCX and FEQHX.
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Drawdown Indicators
| BQLCX | FEQHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.47% | -10.42% | -24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -7.40% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -10.42% | -10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.05% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -2.22% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.06% | +0.34% |
Volatility
BQLCX vs. FEQHX - Volatility Comparison
Bright Rock Quality Large Cap Fund (BQLCX) has a higher volatility of 3.94% compared to Fidelity Hedged Equity Fund (FEQHX) at 2.68%. This indicates that BQLCX's price experiences larger fluctuations and is considered to be riskier than FEQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BQLCX | FEQHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.68% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 7.72% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 10.01% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 11.28% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 11.28% | +5.55% |
BQLCX vs. FEQHX - Expense Ratio Comparison
BQLCX has a 0.87% expense ratio, which is higher than FEQHX's 0.55% expense ratio.
Dividends
BQLCX vs. FEQHX - Dividend Comparison
BQLCX's dividend yield for the trailing twelve months is around 7.59%, more than FEQHX's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BQLCX Bright Rock Quality Large Cap Fund | 7.59% | 7.75% | 0.92% | 2.88% | 15.70% | 8.41% | 3.51% | 5.05% | 5.11% | 2.71% | 3.59% | 3.26% |
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
BQLCX and FEQHX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BQLCX has higher volatility (3.94%) compared to FEQHX (2.68%). In terms of maximum drawdown, BQLCX dropped -34.47% vs FEQHX's -10.42%.
FEQHX currently has the higher Sharpe Ratio (1.29 vs 0.87), 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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