EQNIX vs. FBLEX
EQNIX (MFS Equity Income Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, EQNIX returned 13.09%/yr vs 12.34%/yr for FBLEX. Their correlation of 0.93 suggests significant overlap in exposure. EQNIX charges 0.64%/yr vs 0.01%/yr for FBLEX.
Performance
EQNIX vs. FBLEX - Performance Comparison
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Returns By Period
In the year-to-date period, EQNIX achieves a 13.93% return, which is significantly higher than FBLEX's 9.64% return. Over the past 10 years, EQNIX has outperformed FBLEX with an annualized return of 13.09%, while FBLEX has yielded a comparatively lower 12.34% annualized return.
EQNIX
- 1D
- -0.24%
- 1M
- 0.65%
- YTD
- 13.93%
- 6M
- 12.69%
- 1Y
- 25.96%
- 3Y*
- 18.50%
- 5Y*
- 11.94%
- 10Y*
- 13.09%
FBLEX
- 1D
- 0.06%
- 1M
- 0.98%
- YTD
- 9.64%
- 6M
- 8.59%
- 1Y
- 23.07%
- 3Y*
- 19.39%
- 5Y*
- 12.07%
- 10Y*
- 12.34%
EQNIX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQNIX MFS Equity Income Fund | 13.93% | 16.90% | 12.89% | 16.23% | -6.97% | 26.35% | 8.59% | 25.72% | -7.55% | 19.34% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 9.64% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between EQNIX and FBLEX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.93 |
The correlation between EQNIX and FBLEX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
EQNIX vs. FBLEX — Risk / Return Rank
EQNIX
FBLEX
EQNIX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Equity Income Fund (EQNIX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.
| EQNIX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.28 | -0.03 |
| Martin ratioReturn relative to average drawdown | 12.73 | 13.17 | -0.44 |
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Drawdowns
EQNIX vs. FBLEX - Drawdown Comparison
The maximum EQNIX drawdown since its inception was -36.60%, smaller than the maximum FBLEX drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for EQNIX and FBLEX.
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Drawdown Indicators
| EQNIX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.60% | -39.73% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -6.89% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -14.71% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.64% | -19.00% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -39.73% | +3.13% |
Current DrawdownCurrent decline from peak | -1.70% | -1.28% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -3.81% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.71% | +0.31% |
Volatility
EQNIX vs. FBLEX - Volatility Comparison
MFS Equity Income Fund (EQNIX) has a higher volatility of 3.58% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.39%. This indicates that EQNIX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQNIX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.39% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 8.23% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 10.81% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 14.79% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 17.37% | -0.26% |
EQNIX vs. FBLEX - Expense Ratio Comparison
EQNIX has a 0.64% expense ratio, which is higher than FBLEX's 0.01% expense ratio.
Dividends
EQNIX vs. FBLEX - Dividend Comparison
EQNIX's dividend yield for the trailing twelve months is around 10.68%, more than FBLEX's 10.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNIX MFS Equity Income Fund | 10.68% | 12.17% | 6.60% | 4.05% | 6.24% | 8.38% | 3.71% | 2.29% | 7.27% | 4.75% | 2.42% | 2.89% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 10.13% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
Frequently Asked Questions
With a correlation of 0.94, EQNIX and FBLEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EQNIX has higher volatility (3.58%) compared to FBLEX (3.39%). In terms of maximum drawdown, EQNIX dropped -36.60% vs FBLEX's -39.73%.
EQNIX currently has the higher Sharpe Ratio (2.18 vs 2.09), 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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