CPBYX vs. FEQIX
CPBYX (Invesco Core Plus Bond Fund) and FEQIX (Fidelity Equity-Income Fund) are both mutual funds - CPBYX is a Intermediate Core-Plus Bond fund managed by Invesco, while FEQIX is a Large Cap Value Equities fund actively managed by Fidelity. Over the past 10 years, CPBYX returned 2.19%/yr vs 12.06%/yr for FEQIX. Their -0.08 correlation means they have often moved in opposite directions in the past. CPBYX charges 0.50%/yr vs 0.57%/yr for FEQIX.
Performance
CPBYX vs. FEQIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CPBYX achieves a -0.76% return, which is significantly lower than FEQIX's 13.60% return. Over the past 10 years, CPBYX has underperformed FEQIX with an annualized return of 2.19%, while FEQIX has yielded a comparatively higher 12.06% annualized return.
CPBYX
- 1D
- -0.33%
- 1M
- -1.63%
- 6M
- -1.14%
- YTD
- -0.76%
- 1Y
- 2.35%
- 3Y*
- 4.73%
- 5Y*
- -0.32%
- 10Y*
- 2.19%
- ALL TIME*
- 3.40%
FEQIX
- 1D
- 0.50%
- 1M
- 1.70%
- 6M
- 8.89%
- YTD
- 13.60%
- 1Y
- 24.30%
- 3Y*
- 17.37%
- 5Y*
- 11.70%
- 10Y*
- 12.06%
- ALL TIME*
- 8.42%
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 |
CPBYX vs. FEQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | -0.76% | 7.38% | 3.52% | 5.51% | -14.41% | -0.34% | 9.85% | 12.26% | -2.43% | 5.38% |
FEQIX Fidelity Equity-Income Fund | 13.60% | 18.96% | 15.34% | 10.62% | -5.10% | 24.49% | 6.77% | 27.90% | -8.46% | 12.80% |
Correlation
The correlation between CPBYX and FEQIX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2009 | -0.08 |
The correlation between CPBYX and FEQIX shifts across timeframes, from -0.08 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CPBYX vs. FEQIX — Risk / Return Rank
CPBYX
FEQIX
CPBYX vs. FEQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Plus Bond Fund (CPBYX) and Fidelity Equity-Income Fund (FEQIX). 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.
| CPBYX | FEQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.44 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.59 | -2.60 |
| Martin ratioReturn relative to average drawdown | 2.76 | 14.73 | -11.97 |
Loading charts...
Drawdowns
CPBYX vs. FEQIX - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -20.73%, smaller than the maximum FEQIX drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for CPBYX and FEQIX.
Loading charts...
Drawdown Indicators
| CPBYX | FEQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.73% | -62.38% | +41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -6.48% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -13.18% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -20.73% | -17.20% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -20.73% | -33.12% | +12.39% |
Current DrawdownCurrent decline from peak | -2.55% | 0.00% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -7.98% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.58% | -0.48% |
Volatility
CPBYX vs. FEQIX - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 0.93%, while Fidelity Equity-Income Fund (FEQIX) has a volatility of 2.70%. This indicates that CPBYX experiences smaller price fluctuations and is considered to be less risky than FEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CPBYX | FEQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.70% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 7.35% | -4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 9.66% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 13.38% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 15.40% | -10.71% |
CPBYX vs. FEQIX - Expense Ratio Comparison
CPBYX has a 0.50% expense ratio, which is lower than FEQIX's 0.57% expense ratio.
Dividends
CPBYX vs. FEQIX - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.29%, less than FEQIX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.29% | 4.68% | 4.90% | 3.87% | 3.76% | 3.16% | 5.94% | 4.13% | 3.74% | 3.10% | 3.20% | 3.81% |
FEQIX Fidelity Equity-Income Fund | 4.42% | 4.67% | 5.51% | 4.26% | 4.56% | 9.90% | 3.38% | 7.16% | 9.76% | 6.29% | 4.28% | 12.17% |
Frequently Asked Questions
CPBYX and FEQIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEQIX has higher volatility (2.70%) compared to CPBYX (0.93%). In terms of maximum drawdown, CPBYX dropped -20.73% vs FEQIX's -62.38%.
FEQIX currently has the higher Sharpe Ratio (2.42 vs 0.83), 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.
Find the right allocation for CPBYX and FEQIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer