FEIFX vs. VHYAX
FEIFX (Franklin Equity Income Fund) and VHYAX (Vanguard High Dividend Yield Index Fund Admiral Shares) are both mutual funds - FEIFX is a Dividend fund managed by Franklin Templeton, while VHYAX is a Large Cap Value Equities fund tracking the FTSE High Dividend Yield Index. Over the past 5 years, FEIFX returned 14.07%/yr vs 12.16%/yr for VHYAX. Their correlation of 0.95 means they have usually moved in the same direction. FEIFX charges 0.58%/yr vs 0.08%/yr for VHYAX.
Performance
FEIFX vs. VHYAX - Performance Comparison
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Returns By Period
In the year-to-date period, FEIFX achieves a 12.90% return, which is significantly lower than VHYAX's 14.17% return.
FEIFX
- 1D
- 0.95%
- 1M
- 2.00%
- 6M
- 8.75%
- YTD
- 12.90%
- 1Y
- 22.32%
- 3Y*
- 16.58%
- 5Y*
- 14.07%
- 10Y*
- 13.58%
- ALL TIME*
- 13.01%
VHYAX
- 1D
- 0.18%
- 1M
- 1.48%
- 6M
- 9.25%
- YTD
- 14.17%
- 1Y
- 24.78%
- 3Y*
- 16.81%
- 5Y*
- 12.16%
- 10Y*
- —
- ALL TIME*
- 12.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEIFX vs. VHYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEIFX Franklin Equity Income Fund | 12.90% | 16.58% | 18.44% | 9.30% | -6.64% | 41.33% | 5.79% | 20.83% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 14.17% | 15.39% | 17.39% | 6.68% | -0.45% | 26.08% | 1.06% | 16.67% |
Correlation
The correlation between FEIFX and VHYAX is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.95 |
The correlation between FEIFX and VHYAX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
FEIFX vs. VHYAX — Risk / Return Rank
FEIFX
VHYAX
FEIFX vs. VHYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Equity Income Fund (FEIFX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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.
| FEIFX | VHYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.31 | -0.17 |
| Martin ratioReturn relative to average drawdown | 12.42 | 12.56 | -0.14 |
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Drawdowns
FEIFX vs. VHYAX - Drawdown Comparison
The maximum FEIFX drawdown since its inception was -35.39%, roughly equal to the maximum VHYAX drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for FEIFX and VHYAX.
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Drawdown Indicators
| FEIFX | VHYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -35.14% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -6.75% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -14.42% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -15.87% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.13% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -3.71% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.79% | -0.16% |
Volatility
FEIFX vs. VHYAX - Volatility Comparison
Franklin Equity Income Fund (FEIFX) has a higher volatility of 2.65% compared to Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) at 2.45%. This indicates that FEIFX's price experiences larger fluctuations and is considered to be riskier than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEIFX | VHYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.45% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 7.48% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 10.37% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 13.91% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 17.82% | -0.77% |
FEIFX vs. VHYAX - Expense Ratio Comparison
FEIFX has a 0.58% expense ratio, which is higher than VHYAX's 0.08% expense ratio.
Dividends
FEIFX vs. VHYAX - Dividend Comparison
FEIFX's dividend yield for the trailing twelve months is around 9.00%, more than VHYAX's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEIFX Franklin Equity Income Fund | 9.00% | 9.72% | 10.73% | 4.45% | 5.84% | 18.19% | 3.28% | 8.06% | 7.27% | 5.04% | 6.70% | 5.63% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.22% | 2.42% | 2.72% | 3.09% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, FEIFX and VHYAX 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.
FEIFX has higher volatility (2.65%) compared to VHYAX (2.45%). In terms of maximum drawdown, FEIFX dropped -35.39% vs VHYAX's -35.14%.
VHYAX currently has the higher Sharpe Ratio (2.16 vs 2.04), 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.
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