EQPIX vs. IVOV

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Equity Income Fund Class I (EQPIX) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).

EQPIX is managed by Fidelity. It was launched on Apr 25, 1983. IVOV is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Sep 7, 2010.

Performance

EQPIX vs. IVOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Income Fund Class I (EQPIX) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). The values are adjusted to include any dividend payments, if applicable.

EQPIX vs. IVOV - 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%
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.49%	7.61%	11.53%	15.38%	-7.20%	30.50%	3.70%	25.91%	-12.13%	12.22%

Returns By Period

EQPIX

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

IVOV

• 1D: 0.56%
• 1M: -4.88%
• YTD: 1.49%
• 6M: 3.16%
• 1Y: 13.07%
• 3Y*: 11.08%
• 5Y*: 7.25%
• 10Y*: 10.02%

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

EQPIX vs. IVOV - Expense Ratio Comparison

EQPIX has a 0.65% expense ratio, which is higher than IVOV's 0.10% expense ratio.

EQPIX

Fidelity Advisor Equity Income Fund Class I

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

Return for Risk

EQPIX vs. IVOV — Risk / Return Rank

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

IVOV

IVOV Risk / Return Rank: 34
IVOV Sharpe Ratio Rank: 32
IVOV Sortino Ratio Rank: 34
IVOV Omega Ratio Rank: 32
IVOV Calmar Ratio Rank: 34
IVOV Martin Ratio Rank: 36

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. IVOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class I (EQPIX) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV). 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	IVOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.63	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.56	—

Correlation

The correlation between EQPIX and IVOV is 0.82, 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. IVOV - Dividend Comparison

EQPIX's dividend yield for the trailing twelve months is around 4.49%, more than IVOV's 1.80% 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%
IVOV Vanguard S&P Mid-Cap 400 Value ETF	1.80%	1.82%	1.74%	1.52%	1.97%	1.78%	2.42%	1.75%	1.87%	1.55%	1.51%	1.66%

Drawdowns

Drawdown Indicators

	EQPIX	IVOV	Difference
Max Drawdown Largest peak-to-trough decline	—	-45.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.99%	—
Current Drawdown Current decline from peak	—	-7.12%	—
Average Drawdown Average peak-to-trough decline	—	-5.46%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.88%	—

Volatility

Volatility by Period

	EQPIX	IVOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.55%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.72%	—