FEIKX vs. CDDYX

Last updated Jun 6, 2026

FEIKX (Fidelity Equity-Income Fund Class K) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both Large Cap Value Equities funds. Over the past 10 years, FEIKX returned 11.94%/yr vs 12.68%/yr for CDDYX. With a 0.95 correlation, they move nearly in lockstep. FEIKX charges 0.49%/yr vs 0.55%/yr for CDDYX.

Performance

FEIKX vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity-Income Fund Class K (FEIKX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEIKX achieves a 9.34% return, which is significantly higher than CDDYX's 8.83% return. Over the past 10 years, FEIKX has underperformed CDDYX with an annualized return of 11.94%, while CDDYX has yielded a comparatively higher 12.68% annualized return.

FEIKX

• 1D: 1.00%
• 1M: 1.44%
• YTD: 9.34%
• 6M: 10.74%
• 1Y: 22.42%
• 3Y*: 18.25%
• 5Y*: 10.79%
• 10Y*: 11.94%

CDDYX

• 1D: 0.70%
• 1M: 2.34%
• YTD: 8.83%
• 6M: 9.29%
• 1Y: 20.96%
• 3Y*: 17.08%
• 5Y*: 10.81%
• 10Y*: 12.68%

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

FEIKX vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEIKX Fidelity Equity-Income Fund Class K	9.34%	19.05%	15.42%	10.72%	-5.02%	24.61%	6.86%	28.02%	-8.38%	12.88%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	8.83%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between FEIKX and CDDYX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 12, 2012	0.95

The correlation between FEIKX and CDDYX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

FEIKX vs. CDDYX — Risk / Return Rank

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

FEIKX

FEIKX Risk / Return Rank: 77
FEIKX Sharpe Ratio Rank: 75
FEIKX Sortino Ratio Rank: 76
FEIKX Omega Ratio Rank: 69
FEIKX Calmar Ratio Rank: 82
FEIKX Martin Ratio Rank: 82

CDDYX

CDDYX Risk / Return Rank: 75
CDDYX Sharpe Ratio Rank: 72
CDDYX Sortino Ratio Rank: 72
CDDYX Omega Ratio Rank: 64
CDDYX Calmar Ratio Rank: 86
CDDYX Martin Ratio Rank: 83

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.

FEIKX vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund Class K (FEIKX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	FEIKX	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.40	+0.07
Sortino ratio: Return per unit of downside risk	3.54	3.43	+0.11
Omega ratio: Gain probability vs. loss probability	1.45	1.43	+0.02
Calmar ratio: Return relative to maximum drawdown	3.65	3.95	-0.30
Martin ratio: Return relative to average drawdown	14.70	14.89	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEIKX vs. CDDYX - Sharpe Ratio Comparison

The current FEIKX Sharpe Ratio is 2.46, which is comparable to the CDDYX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of FEIKX and CDDYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEIKX	CDDYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.40	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.82	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.81	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.88	-0.45

Drawdowns

FEIKX vs. CDDYX - Drawdown Comparison

The maximum FEIKX drawdown since its inception was -57.64%, which is greater than CDDYX's maximum drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for FEIKX and CDDYX.

Drawdown Indicators

	FEIKX	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-57.64%	-32.74%	-24.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-5.51%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	-12.99%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.14%	-16.91%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-33.11%	-32.74%	-0.37%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.48%	-2.77%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.46%	+0.14%

Volatility

FEIKX vs. CDDYX - Volatility Comparison

Fidelity Equity-Income Fund Class K (FEIKX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX) have volatilities of 2.53% and 2.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEIKX	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.45%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	6.84%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	9.61%	9.08%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	13.27%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.49%	15.69%	-0.20%

FEIKX vs. CDDYX - Expense Ratio Comparison

FEIKX has a 0.49% expense ratio, which is lower than CDDYX's 0.55% expense ratio.

Dividends

FEIKX vs. CDDYX - Dividend Comparison

FEIKX's dividend yield for the trailing twelve months is around 4.67%, less than CDDYX's 4.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.94%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
FEIKX Fidelity Equity-Income Fund Class K	4.67%	4.74%	5.60%	4.35%	4.65%	9.99%	3.46%	7.26%	9.87%	6.37%	4.40%	12.30%

Frequently Asked Questions

Can I hold both FEIKX and CDDYX in my portfolio?

With a correlation of 0.96, FEIKX and CDDYX 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.

Which is riskier, FEIKX or CDDYX?

FEIKX has higher volatility (2.53%) compared to CDDYX (2.45%). In terms of maximum drawdown, FEIKX dropped -57.64% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

FEIKX currently has the higher Sharpe Ratio (2.46 vs 2.40), 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.