EQPIX vs. FXAIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Equity Income Fund Class I (EQPIX) and Fidelity 500 Index Fund (FXAIX).

EQPIX is managed by Fidelity. It was launched on Apr 25, 1983. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.

Performance

EQPIX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Income Fund Class I (EQPIX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

EQPIX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQPIX Fidelity Advisor Equity Income Fund Class I	0.00%	2.86%	6.37%	11.43%	-1.10%	22.41%	1.47%	27.53%	-9.69%	11.64%
FXAIX Fidelity 500 Index Fund	-7.05%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Returns By Period

EQPIX

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

FXAIX

• 1D: -0.39%
• 1M: -7.68%
• YTD: -7.05%
• 6M: -4.59%
• 1Y: 14.42%
• 3Y*: 17.17%
• 5Y*: 11.40%
• 10Y*: 13.75%

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

EQPIX vs. FXAIX - Expense Ratio Comparison

EQPIX has a 0.65% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

EQPIX

Fidelity Advisor Equity Income Fund Class I

FXAIX

Fidelity 500 Index Fund

Return for Risk

EQPIX vs. FXAIX — Risk / Return Rank

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

FXAIX

FXAIX Risk / Return Rank: 46
FXAIX Sharpe Ratio Rank: 41
FXAIX Sortino Ratio Rank: 45
FXAIX Omega Ratio Rank: 50
FXAIX Calmar Ratio Rank: 41
FXAIX Martin Ratio Rank: 53

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.

EQPIX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class I (EQPIX) and Fidelity 500 Index Fund (FXAIX). 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.

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

Sharpe Ratios by Period

	EQPIX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.84	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.75	—

Correlation

The correlation between EQPIX and FXAIX is 0.84, 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.

Dividends

EQPIX vs. FXAIX - Dividend Comparison

EQPIX's dividend yield for the trailing twelve months is around 4.49%, more than FXAIX's 1.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQPIX Fidelity Advisor Equity Income Fund Class I	4.49%	4.49%	1.48%	4.77%	5.81%	10.67%	2.31%	7.87%	16.21%	9.88%	3.18%	10.56%
FXAIX Fidelity 500 Index Fund	1.20%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Drawdowns

Drawdown Indicators

	EQPIX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.79%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	—	-8.89%	—
Average Drawdown Average peak-to-trough decline	—	-3.83%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.50%	—

Volatility

Volatility by Period

	EQPIX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.88%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.03%	—