FDEQX vs. SPY
Compare and contrast key facts about Fidelity Disciplined Equity Fund (FDEQX) and State Street SPDR S&P 500 ETF (SPY).
FDEQX is managed by Fidelity. It was launched on Dec 28, 1988. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FDEQX vs. SPY - Performance Comparison
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FDEQX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEQX Fidelity Disciplined Equity Fund | -5.82% | 16.43% | 25.01% | 34.07% | -28.06% | 27.62% | 29.80% | 31.95% | -10.37% | 20.15% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FDEQX achieves a -5.82% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, FDEQX has underperformed SPY with an annualized return of 12.57%, while SPY has yielded a comparatively higher 14.06% annualized return.
FDEQX
- 1D
- 3.90%
- 1M
- -6.65%
- YTD
- -5.82%
- 6M
- -4.62%
- 1Y
- 18.54%
- 3Y*
- 18.76%
- 5Y*
- 10.00%
- 10Y*
- 12.57%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FDEQX vs. SPY - Expense Ratio Comparison
FDEQX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FDEQX vs. SPY — Risk / Return Rank
FDEQX
SPY
FDEQX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disciplined Equity Fund (FDEQX) and State Street SPDR S&P 500 ETF (SPY). 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.
| FDEQX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.96 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.49 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.53 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.07 | 7.27 | -1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDEQX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.96 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.70 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.79 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.56 | +0.02 |
Correlation
The correlation between FDEQX and SPY is 0.94, 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
FDEQX vs. SPY - Dividend Comparison
FDEQX's dividend yield for the trailing twelve months is around 8.56%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEQX Fidelity Disciplined Equity Fund | 8.56% | 8.06% | 9.23% | 4.55% | 2.89% | 1.43% | 0.02% | 0.54% | 15.29% | 2.89% | 1.46% | 5.20% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FDEQX vs. SPY - Drawdown Comparison
The maximum FDEQX drawdown since its inception was -55.27%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDEQX and SPY.
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Drawdown Indicators
| FDEQX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.27% | -55.19% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -12.05% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -24.50% | -8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -32.91% | -33.72% | +0.81% |
Current DrawdownCurrent decline from peak | -9.07% | -5.53% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -9.09% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.54% | +0.66% |
Volatility
FDEQX vs. SPY - Volatility Comparison
Fidelity Disciplined Equity Fund (FDEQX) has a higher volatility of 7.40% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that FDEQX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEQX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 5.35% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 9.50% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.20% | 19.06% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.95% | 17.06% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 17.92% | +2.02% |