FDGFX vs. FEQTX
Compare and contrast key facts about Fidelity Dividend Growth Fund (FDGFX) and Fidelity Equity Dividend Income Fund (FEQTX).
FDGFX is managed by Fidelity. It was launched on Apr 27, 1993. FEQTX is managed by Fidelity. It was launched on Aug 21, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDGFX or FEQTX.
Performance
FDGFX vs. FEQTX - Performance Comparison
Returns By Period
In the year-to-date period, FDGFX achieves a 21.99% return, which is significantly higher than FEQTX's 17.99% return. Over the past 10 years, FDGFX has outperformed FEQTX with an annualized return of 4.31%, while FEQTX has yielded a comparatively lower 4.01% annualized return.
FDGFX
21.99%
1.94%
3.83%
28.36%
7.14%
4.31%
FEQTX
17.99%
1.48%
11.38%
22.54%
6.07%
4.01%
Key characteristics
| FDGFX | FEQTX | |
|---|---|---|
| Sharpe Ratio | 1.89 | 2.20 |
| Sortino Ratio | 2.46 | 3.13 |
| Omega Ratio | 1.36 | 1.40 |
| Calmar Ratio | 2.20 | 2.40 |
| Martin Ratio | 9.47 | 12.00 |
| Ulcer Index | 3.05% | 1.91% |
| Daily Std Dev | 15.30% | 10.40% |
| Max Drawdown | -60.08% | -60.57% |
| Current Drawdown | -1.80% | -0.44% |
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FDGFX vs. FEQTX - Expense Ratio Comparison
FDGFX has a 0.48% expense ratio, which is lower than FEQTX's 0.58% expense ratio.
Correlation
The correlation between FDGFX and FEQTX is 0.90, 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.
Risk-Adjusted Performance
FDGFX vs. FEQTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and Fidelity Equity Dividend Income Fund (FEQTX). 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.
Dividends
FDGFX vs. FEQTX - Dividend Comparison
FDGFX's dividend yield for the trailing twelve months is around 1.10%, less than FEQTX's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGFX Fidelity Dividend Growth Fund | 1.10% | 1.44% | 1.64% | 1.00% | 1.89% | 1.58% | 2.37% | 1.84% | 1.58% | 9.63% | 19.50% | 11.21% |
FEQTX Fidelity Equity Dividend Income Fund | 2.38% | 2.59% | 2.34% | 2.20% | 2.38% | 2.58% | 2.95% | 2.30% | 1.92% | 2.74% | 2.53% | 1.89% |
Drawdowns
FDGFX vs. FEQTX - Drawdown Comparison
The maximum FDGFX drawdown since its inception was -60.08%, roughly equal to the maximum FEQTX drawdown of -60.57%. Use the drawdown chart below to compare losses from any high point for FDGFX and FEQTX. For additional features, visit the drawdowns tool.
Volatility
FDGFX vs. FEQTX - Volatility Comparison
Fidelity Dividend Growth Fund (FDGFX) has a higher volatility of 4.37% compared to Fidelity Equity Dividend Income Fund (FEQTX) at 3.25%. This indicates that FDGFX's price experiences larger fluctuations and is considered to be riskier than FEQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.