DQIRX vs. FDVV
Compare and contrast key facts about BNY Mellon Equity Income Fund (DQIRX) and Fidelity High Dividend ETF (FDVV).
DQIRX is managed by Dreyfus. It was launched on Jul 5, 2006. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DQIRX or FDVV.
Correlation
The correlation between DQIRX and FDVV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DQIRX vs. FDVV - Performance Comparison
Key characteristics
DQIRX:
0.21
FDVV:
0.67
DQIRX:
0.42
FDVV:
1.02
DQIRX:
1.06
FDVV:
1.15
DQIRX:
0.19
FDVV:
0.67
DQIRX:
0.68
FDVV:
3.08
DQIRX:
5.88%
FDVV:
3.48%
DQIRX:
18.74%
FDVV:
16.05%
DQIRX:
-51.52%
FDVV:
-40.25%
DQIRX:
-13.02%
FDVV:
-7.99%
Returns By Period
In the year-to-date period, DQIRX achieves a -6.09% return, which is significantly lower than FDVV's -3.68% return.
DQIRX
-6.09%
-4.27%
-9.85%
4.42%
13.95%
7.52%
FDVV
-3.68%
-4.37%
-4.69%
10.91%
17.98%
N/A
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DQIRX vs. FDVV - Expense Ratio Comparison
DQIRX has a 0.78% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
DQIRX vs. FDVV — Risk-Adjusted Performance Rank
DQIRX
FDVV
DQIRX vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Equity Income Fund (DQIRX) 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.
Dividends
DQIRX vs. FDVV - Dividend Comparison
DQIRX's dividend yield for the trailing twelve months is around 1.82%, less than FDVV's 3.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 1.82% | 1.77% | 2.14% | 2.50% | 1.79% | 3.42% | 2.51% | 2.86% | 2.59% | 3.33% | 3.30% | 2.80% |
FDVV Fidelity High Dividend ETF | 3.18% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% |
Drawdowns
DQIRX vs. FDVV - Drawdown Comparison
The maximum DQIRX drawdown since its inception was -51.52%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for DQIRX and FDVV. For additional features, visit the drawdowns tool.
Volatility
DQIRX vs. FDVV - Volatility Comparison
BNY Mellon Equity Income Fund (DQIRX) has a higher volatility of 13.59% compared to Fidelity High Dividend ETF (FDVV) at 12.13%. This indicates that DQIRX's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.