FBLEX vs. FETKX

Last updated Aug 1, 2026

FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) and FETKX (Fidelity Equity Dividend Income Fund Class K) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FBLEX returned 12.31%/yr vs 10.35%/yr for FETKX. Their 0.96 correlation means they have historically moved very closely together. FBLEX charges 0.01%/yr vs 0.49%/yr for FETKX.

Performance

FBLEX vs. FETKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) and Fidelity Equity Dividend Income Fund Class K (FETKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FBLEX having a 14.47% return and FETKX slightly lower at 14.42%. Over the past 10 years, FBLEX has outperformed FETKX with an annualized return of 12.31%, while FETKX has yielded a comparatively lower 10.35% annualized return.

FBLEX

• 1D: 0.44%
• 1M: 2.42%
• 6M: 10.88%
• YTD: 14.47%
• 1Y: 27.48%
• 3Y*: 18.37%
• 5Y*: 12.98%
• 10Y*: 12.31%
• ALL TIME*: 12.26%

FETKX

• 1D: -0.33%
• 1M: 1.95%
• 6M: 10.23%
• YTD: 14.42%
• 1Y: 18.80%
• 3Y*: 12.67%
• 5Y*: 9.84%
• 10Y*: 10.35%
• ALL TIME*: 7.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	$0.00	$0.00	$0.00
FETKX Fidelity Equity Dividend Income Fund Class K	$0.00	$0.00	$0.00

FBLEX vs. FETKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	14.47%	17.06%	18.04%	15.60%	-4.82%	26.83%	4.34%	25.57%	-9.04%	12.38%
FETKX Fidelity Equity Dividend Income Fund Class K	14.42%	7.33%	12.57%	11.71%	-0.93%	22.32%	1.95%	27.40%	-9.22%	13.32%

Correlation

The correlation between FBLEX and FETKX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012	0.96

The correlation between FBLEX and FETKX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

FBLEX vs. FETKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FBLEX

FBLEX Risk / Return Rank: 90
FBLEX Sharpe Ratio Rank: 91
FBLEX Sortino Ratio Rank: 89
FBLEX Omega Ratio Rank: 85
FBLEX Calmar Ratio Rank: 92
FBLEX Martin Ratio Rank: 94

FETKX

FETKX Risk / Return Rank: 55
FETKX Sharpe Ratio Rank: 53
FETKX Sortino Ratio Rank: 45
FETKX Omega Ratio Rank: 59
FETKX Calmar Ratio Rank: 67
FETKX Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FBLEX vs. FETKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) and Fidelity Equity Dividend Income Fund Class K (FETKX). 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.

	FBLEX	FETKX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.41	+0.88
Sortino ratio: Return per unit of downside risk	3.28	1.88	+1.40
Omega ratio: Gain probability vs. loss probability	1.41	1.27	+0.13
Calmar ratio: Return relative to maximum drawdown	3.62	2.25	+1.37
Martin ratio: Return relative to average drawdown	15.00	7.00	+8.00

FBLEX vs. FETKX - Sharpe Ratio Comparison

The current FBLEX Sharpe Ratio is 2.29, which is higher than the FETKX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FBLEX and FETKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBLEX vs. FETKX - Drawdown Comparison

The maximum FBLEX drawdown since its inception was -39.73%, smaller than the maximum FETKX drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for FBLEX and FETKX.

Drawdown Indicators

	FBLEX	FETKX	Difference
Max Drawdown Largest peak-to-trough decline	-39.73%	-56.51%	+16.78%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-7.41%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	-13.22%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-16.07%	-2.93%
Max Drawdown (10Y) Largest decline over 10 years	-39.73%	-39.14%	-0.59%
Current Drawdown Current decline from peak	-0.74%	-1.12%	+0.38%
Average Drawdown Average peak-to-trough decline	-3.79%	-7.46%	+3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	2.39%	-0.72%

Volatility

FBLEX vs. FETKX - Volatility Comparison

The current volatility for Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) is 3.10%, while Fidelity Equity Dividend Income Fund Class K (FETKX) has a volatility of 3.27%. This indicates that FBLEX experiences smaller price fluctuations and is considered to be less risky than FETKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBLEX	FETKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	3.27%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	7.56%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	10.91%	11.89%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	13.71%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	16.54%	+0.80%

FBLEX vs. FETKX - Expense Ratio Comparison

FBLEX has a 0.01% expense ratio, which is lower than FETKX's 0.49% expense ratio.

Dividends

FBLEX vs. FETKX - Dividend Comparison

FBLEX's dividend yield for the trailing twelve months is around 9.70%, more than FETKX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	9.70%	9.95%	12.63%	5.05%	12.66%	14.51%	3.85%	5.65%	10.97%	7.09%	2.47%	13.81%
FETKX Fidelity Equity Dividend Income Fund Class K	1.45%	1.56%	8.47%	5.31%	7.74%	11.62%	2.52%	8.49%	14.43%	9.47%	6.22%	6.09%

Frequently Asked Questions

Can I hold both FBLEX and FETKX in my portfolio?

FBLEX and FETKX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBLEX or FETKX?

FETKX has higher volatility (3.27%) compared to FBLEX (3.10%). In terms of maximum drawdown, FBLEX dropped -39.73% vs FETKX's -56.51%.

Which has better risk-adjusted returns?

FBLEX currently has the higher Sharpe Ratio (2.29 vs 1.41), 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.