FDEQX vs. BPTRX

Last updated Jun 26, 2026

FDEQX (Fidelity Disciplined Equity Fund) and BPTRX (Baron Partners Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FDEQX returned 14.98%/yr vs 25.15%/yr for BPTRX. A 0.62 correlation means they provide meaningful diversification when combined. FDEQX charges 0.79%/yr vs 1.36%/yr for BPTRX.

Performance

FDEQX vs. BPTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disciplined Equity Fund (FDEQX) and Baron Partners Fund (BPTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDEQX achieves a 12.17% return, which is significantly higher than BPTRX's 4.66% return. Over the past 10 years, FDEQX has underperformed BPTRX with an annualized return of 14.98%, while BPTRX has yielded a comparatively higher 25.15% annualized return.

FDEQX

• 1D: 0.04%
• 1M: -0.45%
• YTD: 12.17%
• 6M: 10.52%
• 1Y: 24.25%
• 3Y*: 22.76%
• 5Y*: 12.10%
• 10Y*: 14.98%

BPTRX

• 1D: -0.03%
• 1M: 5.96%
• YTD: 4.66%
• 6M: 1.57%
• 1Y: 40.26%
• 3Y*: 21.32%
• 5Y*: 12.28%
• 10Y*: 25.15%

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

FDEQX vs. BPTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDEQX Fidelity Disciplined Equity Fund	12.17%	16.43%	25.01%	34.07%	-28.06%	27.62%	29.80%	31.95%	-10.37%	20.15%
BPTRX Baron Partners Fund	4.66%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	31.54%

Correlation

The correlation between FDEQX and BPTRX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 31, 1992	0.62

The correlation between FDEQX and BPTRX shifts across timeframes, from 0.48 (1 year) to 0.71 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FDEQX vs. BPTRX — Risk / Return Rank

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

FDEQX

FDEQX Risk / Return Rank: 37
FDEQX Sharpe Ratio Rank: 36
FDEQX Sortino Ratio Rank: 33
FDEQX Omega Ratio Rank: 35
FDEQX Calmar Ratio Rank: 37
FDEQX Martin Ratio Rank: 46

BPTRX

BPTRX Risk / Return Rank: 52
BPTRX Sharpe Ratio Rank: 29
BPTRX Sortino Ratio Rank: 55
BPTRX Omega Ratio Rank: 48
BPTRX Calmar Ratio Rank: 83
BPTRX Martin Ratio Rank: 46

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.

FDEQX vs. BPTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disciplined Equity Fund (FDEQX) and Baron Partners Fund (BPTRX). 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.

	FDEQX	BPTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.29	+0.15
Sortino ratio: Return per unit of downside risk	2.00	2.58	-0.58
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	1.97	3.43	-1.45
Martin ratio: Return relative to average drawdown	8.30	8.45	-0.15

FDEQX vs. BPTRX - Sharpe Ratio Comparison

The current FDEQX Sharpe Ratio is 1.44, which is comparable to the BPTRX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FDEQX and BPTRX, 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

FDEQX vs. BPTRX - Drawdown Comparison

The maximum FDEQX drawdown since its inception was -55.27%, smaller than the maximum BPTRX drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for FDEQX and BPTRX.

Drawdown Indicators

	FDEQX	BPTRX	Difference
Max Drawdown Largest peak-to-trough decline	-55.27%	-64.11%	+8.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-11.16%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-22.31%	-33.34%	+11.03%
Max Drawdown (5Y) Largest decline over 5 years	-32.91%	-49.87%	+16.96%
Max Drawdown (10Y) Largest decline over 10 years	-32.91%	-51.26%	+18.35%
Current Drawdown Current decline from peak	-2.86%	-11.16%	+8.30%
Average Drawdown Average peak-to-trough decline	-9.88%	-13.76%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	4.54%	-1.58%

Volatility

FDEQX vs. BPTRX - Volatility Comparison

The current volatility for Fidelity Disciplined Equity Fund (FDEQX) is 7.70%, while Baron Partners Fund (BPTRX) has a volatility of 13.62%. This indicates that FDEQX experiences smaller price fluctuations and is considered to be less risky than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDEQX	BPTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	13.62%	-5.92%
Volatility (6M) Calculated over the trailing 6-month period	13.95%	17.52%	-3.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	29.62%	-12.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	34.08%	-13.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	32.90%	-12.80%

FDEQX vs. BPTRX - Expense Ratio Comparison

FDEQX has a 0.79% expense ratio, which is lower than BPTRX's 1.36% expense ratio.

Dividends

FDEQX vs. BPTRX - Dividend Comparison

FDEQX's dividend yield for the trailing twelve months is around 7.18%, more than BPTRX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	3.21%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
FDEQX Fidelity Disciplined Equity Fund	7.18%	8.06%	9.23%	4.55%	2.89%	1.43%	0.02%	0.54%	15.29%	2.89%	1.46%	5.20%

Frequently Asked Questions

Can I hold both FDEQX and BPTRX in my portfolio?

FDEQX and BPTRX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDEQX or BPTRX?

BPTRX has higher volatility (13.62%) compared to FDEQX (7.70%). In terms of maximum drawdown, FDEQX dropped -55.27% vs BPTRX's -64.11%.

Which has better risk-adjusted returns?

FDEQX currently has the higher Sharpe Ratio (1.44 vs 1.29), 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.