FEIQX vs. FBLEX

Last updated Jun 6, 2026

FEIQX (Franklin Equity Income Fund Class R6) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, FEIQX returned 13.67%/yr vs 11.90%/yr for FBLEX. Their correlation of 0.94 suggests significant overlap in exposure. FEIQX charges 0.50%/yr vs 0.01%/yr for FBLEX.

Performance

FEIQX vs. FBLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Equity Income Fund Class R6 (FEIQX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FEIQX having a 9.68% return and FBLEX slightly lower at 9.29%. Over the past 10 years, FEIQX has outperformed FBLEX with an annualized return of 13.67%, while FBLEX has yielded a comparatively lower 11.90% annualized return.

FEIQX

• 1D: 1.34%
• 1M: 1.34%
• YTD: 9.68%
• 6M: 9.46%
• 1Y: 26.13%
• 3Y*: 17.99%
• 5Y*: 13.73%
• 10Y*: 13.67%

FBLEX

• 1D: 1.12%
• 1M: 0.98%
• YTD: 9.29%
• 6M: 10.47%
• 1Y: 24.09%
• 3Y*: 19.69%
• 5Y*: 11.65%
• 10Y*: 11.90%

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

FEIQX vs. FBLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEIQX Franklin Equity Income Fund Class R6	9.68%	16.61%	18.53%	9.38%	-6.56%	41.33%	5.93%	29.60%	-4.43%	16.45%
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	9.29%	17.06%	18.04%	15.60%	-4.82%	26.83%	4.34%	25.57%	-9.04%	12.38%

Correlation

The correlation between FEIQX and FBLEX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015	0.94

The correlation between FEIQX and FBLEX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FEIQX vs. FBLEX — Risk / Return Rank

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

FEIQX

FEIQX Risk / Return Rank: 84
FEIQX Sharpe Ratio Rank: 85
FEIQX Sortino Ratio Rank: 82
FEIQX Omega Ratio Rank: 77
FEIQX Calmar Ratio Rank: 87
FEIQX Martin Ratio Rank: 88

FBLEX

FBLEX Risk / Return Rank: 69
FBLEX Sharpe Ratio Rank: 64
FBLEX Sortino Ratio Rank: 65
FBLEX Omega Ratio Rank: 60
FBLEX Calmar Ratio Rank: 80
FBLEX Martin Ratio Rank: 79

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.

FEIQX vs. FBLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Equity Income Fund Class R6 (FEIQX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.

	FEIQX	FBLEX	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.28	+0.41
Sortino ratio: Return per unit of downside risk	3.81	3.28	+0.53
Omega ratio: Gain probability vs. loss probability	1.48	1.41	+0.07
Calmar ratio: Return relative to maximum drawdown	4.13	3.49	+0.64
Martin ratio: Return relative to average drawdown	16.34	14.13	+2.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEIQX vs. FBLEX - Sharpe Ratio Comparison

The current FEIQX Sharpe Ratio is 2.69, which is comparable to the FBLEX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FEIQX and FBLEX, 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

	FEIQX	FBLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.28	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.79	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.69	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.73	+0.05

Drawdowns

FEIQX vs. FBLEX - Drawdown Comparison

The maximum FEIQX drawdown since its inception was -35.40%, smaller than the maximum FBLEX drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for FEIQX and FBLEX.

Drawdown Indicators

	FEIQX	FBLEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.40%	-39.73%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-6.89%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-14.71%	-2.00%
Max Drawdown (5Y) Largest decline over 5 years	-18.48%	-19.00%	+0.52%
Max Drawdown (10Y) Largest decline over 10 years	-35.40%	-39.73%	+4.33%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.63%	-3.82%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.70%	-0.10%

Volatility

FEIQX vs. FBLEX - Volatility Comparison

Franklin Equity Income Fund Class R6 (FEIQX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) have volatilities of 2.71% and 2.65%, 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

	FEIQX	FBLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	2.65%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	7.94%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	9.73%	10.54%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	14.80%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	17.39%	-0.29%

FEIQX vs. FBLEX - Expense Ratio Comparison

FEIQX has a 0.50% expense ratio, which is higher than FBLEX's 0.01% expense ratio.

Dividends

FEIQX vs. FBLEX - Dividend Comparison

FEIQX's dividend yield for the trailing twelve months is around 9.46%, less than FBLEX's 10.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	10.16%	9.95%	12.63%	5.05%	12.66%	14.51%	3.85%	5.65%	10.97%	7.09%	2.47%	13.81%
FEIQX Franklin Equity Income Fund Class R6	9.46%	9.75%	10.81%	4.53%	5.93%	18.21%	3.36%	8.14%	7.36%	5.17%	6.81%	3.22%

Frequently Asked Questions

Can I hold both FEIQX and FBLEX in my portfolio?

With a correlation of 0.90, FEIQX and FBLEX 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, FEIQX or FBLEX?

FEIQX has higher volatility (2.71%) compared to FBLEX (2.65%). In terms of maximum drawdown, FEIQX dropped -35.40% vs FBLEX's -39.73%.

Which has better risk-adjusted returns?

FEIQX currently has the higher Sharpe Ratio (2.69 vs 2.28), 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.