FEIAX vs. SWLVX

Last updated Jun 25, 2026

FEIAX (Fidelity Advisor Equity Income Fund Class A) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Their correlation of 0.91 suggests significant overlap in exposure. FEIAX charges 0.90%/yr vs 0.04%/yr for SWLVX.

Performance

FEIAX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Income Fund Class A (FEIAX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEIAX

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

SWLVX

• 1D: -1.11%
• 1M: 2.29%
• YTD: 15.38%
• 6M: 14.18%
• 1Y: 27.28%
• 3Y*: 18.58%
• 5Y*: 11.03%
• 10Y*: —

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

FEIAX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	2.75%	5.69%	11.19%	-1.35%	22.11%	1.23%	27.19%	-9.89%	-0.89%
SWLVX Schwab U.S. Large-Cap Value Index Fund	15.38%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between FEIAX and SWLVX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.91

The correlation between FEIAX and SWLVX shifts across timeframes, from 0.75 (3 years) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEIAX vs. SWLVX — Risk / Return Rank

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

FEIAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SWLVX

SWLVX Risk / Return Rank: 84
SWLVX Sharpe Ratio Rank: 84
SWLVX Sortino Ratio Rank: 81
SWLVX Omega Ratio Rank: 77
SWLVX Calmar Ratio Rank: 88
SWLVX Martin Ratio Rank: 92

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.

FEIAX vs. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class A (FEIAX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

	FEIAX	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.52	—
Sortino ratio: Return per unit of downside risk	—	3.52	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	4.17	—
Martin ratio: Return relative to average drawdown	—	17.38	—

Drawdowns

Drawdown Indicators

	FEIAX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.05%	—
Current Drawdown Current decline from peak	—	-1.16%	—
Average Drawdown Average peak-to-trough decline	—	-4.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	FEIAX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.54%	—

FEIAX vs. SWLVX - Expense Ratio Comparison

FEIAX has a 0.90% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

FEIAX vs. SWLVX - Dividend Comparison

FEIAX has not paid dividends to shareholders, while SWLVX's dividend yield for the trailing twelve months is around 1.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	4.77%	1.43%	4.90%	5.96%	11.12%	2.23%	8.09%	16.73%	10.16%	3.13%	10.67%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.75%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEIAX and SWLVX in my portfolio?

With a correlation of 0.91, FEIAX and SWLVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.