EPGAX vs. FEIAX

Last updated Jun 25, 2026

EPGAX (Fidelity Advisor Equity Growth Fund Class A) and FEIAX (Fidelity Advisor Equity Income Fund Class A) are both mutual funds - EPGAX is a Large Cap Growth Equities fund managed by Fidelity, while FEIAX is a Large Cap Value Equities fund managed by Fidelity. A 0.77 correlation means they provide meaningful diversification when combined. EPGAX charges 0.97%/yr vs 0.90%/yr for FEIAX.

Performance

EPGAX vs. FEIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Growth Fund Class A (EPGAX) and Fidelity Advisor Equity Income Fund Class A (FEIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EPGAX

• 1D: -2.47%
• 1M: -2.08%
• YTD: 9.19%
• 6M: 7.74%
• 1Y: 20.56%
• 3Y*: 17.34%
• 5Y*: 9.81%
• 10Y*: 17.36%

FEIAX

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

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

EPGAX vs. FEIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPGAX Fidelity Advisor Equity Growth Fund Class A	9.19%	14.27%	15.57%	35.25%	-24.67%	22.66%	43.38%	33.69%	-0.04%	34.83%
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	2.75%	5.69%	11.19%	-1.35%	22.11%	1.23%	27.19%	-9.89%	11.40%

Correlation

The correlation between EPGAX and FEIAX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993	0.77

The correlation between EPGAX and FEIAX shifts across timeframes, from 0.35 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EPGAX vs. FEIAX — Risk / Return Rank

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

EPGAX

EPGAX Risk / Return Rank: 26
EPGAX Sharpe Ratio Rank: 25
EPGAX Sortino Ratio Rank: 22
EPGAX Omega Ratio Rank: 24
EPGAX Calmar Ratio Rank: 27
EPGAX Martin Ratio Rank: 31

FEIAX

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

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.

EPGAX vs. FEIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Growth Fund Class A (EPGAX) and Fidelity Advisor Equity Income Fund Class A (FEIAX). 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.

	EPGAX	FEIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	6.53	—	—

Drawdowns

Drawdown Indicators

	EPGAX	FEIAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.17%	—	—
Current Drawdown Current decline from peak	-5.34%	—	—
Average Drawdown Average peak-to-trough decline	-16.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	—	—

Volatility

Volatility by Period

	EPGAX	FEIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	—	—

EPGAX vs. FEIAX - Expense Ratio Comparison

EPGAX has a 0.97% expense ratio, which is higher than FEIAX's 0.90% expense ratio.

Dividends

EPGAX vs. FEIAX - Dividend Comparison

EPGAX's dividend yield for the trailing twelve months is around 0.57%, while FEIAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPGAX Fidelity Advisor Equity Growth Fund Class A	0.57%	0.62%	0.00%	0.56%	2.26%	12.86%	12.06%	9.56%	7.10%	12.35%	6.39%	2.37%
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	4.77%	1.43%	4.90%	5.96%	11.12%	2.23%	8.09%	16.73%	10.16%	3.13%	10.67%

Frequently Asked Questions

Can I hold both EPGAX and FEIAX in my portfolio?

EPGAX and FEIAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.