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FEKFX vs. ACIIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FEKFX vs. ACIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Equity-Income K6 Fund (FEKFX) and American Century Equity Income Fund Class I (ACIIX).

FEKFX is managed by Fidelity. It was launched on Jun 13, 2019. ACIIX is managed by American Century. It was launched on Jul 8, 1998.

Performance

FEKFX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity-Income K6 Fund (FEKFX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

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FEKFX vs. ACIIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FEKFX
Fidelity Equity-Income K6 Fund		1.40%19.03%15.56%10.81%-4.77%24.77%6.83%11.36%
ACIIX
American Century Equity Income Fund Class I		2.73%12.05%10.58%4.25%-2.96%17.16%1.19%8.91%

Returns By Period

In the year-to-date period, FEKFX achieves a 1.40% return, which is significantly lower than ACIIX's 2.73% return.

FEKFX

1D
0.00%
1M
-6.47%
YTD
1.40%
6M
5.40%
1Y
16.83%
3Y*
15.35%
5Y*
10.96%
10Y*
—

ACIIX

1D
0.00%
1M
-5.73%
YTD
2.73%
6M
4.62%
1Y
9.92%
3Y*
9.70%
5Y*
7.47%
10Y*
8.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Equity-Income K6 Fund

American Century Equity Income Fund Class I

Often compared with FEKFX:
FEKFX vs. VEIRXFEKFX vs. CFJIXFEKFX vs. SCHDFEKFX vs. SCHFFEKFX vs. FEQIXFEKFX vs. DLNFEKFX vs. DGRO
Often compared with ACIIX:
ACIIX vs. SCHDACIIX vs. VEIPXACIIX vs. BRK-BACIIX vs. PRWCXACIIX vs. VWELXACIIX vs. COWZACIIX vs. JEPI

FEKFX vs. ACIIX - Expense Ratio Comparison

FEKFX has a 0.34% expense ratio, which is lower than ACIIX's 0.72% expense ratio.

ACIIX
American Century Equity Income Fund Class I
FEKFX
Fidelity Equity-Income K6 Fund

Return for Risk

FEKFX vs. ACIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEKFX
FEKFX Risk / Return Rank: 7373
Overall Rank
FEKFX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
FEKFX Sortino Ratio Rank: 7373
Sortino Ratio Rank
FEKFX Omega Ratio Rank: 7575
Omega Ratio Rank
FEKFX Calmar Ratio Rank: 6666
Calmar Ratio Rank
FEKFX Martin Ratio Rank: 7676
Martin Ratio Rank
ACIIX
ACIIX Risk / Return Rank: 4545
Overall Rank
ACIIX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ACIIX Sortino Ratio Rank: 4747
Sortino Ratio Rank
ACIIX Omega Ratio Rank: 4444
Omega Ratio Rank
ACIIX Calmar Ratio Rank: 4444
Calmar Ratio Rank
ACIIX Martin Ratio Rank: 4343
Martin Ratio Rank
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.

FEKFX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income K6 Fund (FEKFX) and American Century Equity Income Fund Class I (ACIIX). 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.

FEKFXACIIXDifference

Sharpe ratio

Return per unit of total volatility

1.28

0.93

+0.35

Sortino ratio

Return per unit of downside risk

1.79

1.35

+0.45

Omega ratio

Gain probability vs. loss probability

1.28

1.19

+0.09

Calmar ratio

Return relative to maximum drawdown

1.49

1.11

+0.39

Martin ratio

Return relative to average drawdown

7.33

4.37

+2.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEKFX vs. ACIIX - Sharpe Ratio Comparison

The current FEKFX Sharpe Ratio is 1.28, which is higher than the ACIIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FEKFX and ACIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FEKFXACIIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.28

0.93

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.70

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.67

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.53

+0.19

Correlation

The correlation between FEKFX and ACIIX is 0.93, 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.

Dividends

FEKFX vs. ACIIX - Dividend Comparison

FEKFX's dividend yield for the trailing twelve months is around 2.95%, less than ACIIX's 10.28% yield.

TTM20252024202320222021202020192018201720162015
FEKFX
Fidelity Equity-Income K6 Fund		2.95%2.79%3.26%1.96%1.94%3.65%1.84%0.75%0.00%0.00%0.00%0.00%
ACIIX
American Century Equity Income Fund Class I		10.28%10.55%11.71%8.21%8.96%7.02%2.18%7.57%9.05%12.14%8.08%10.72%

Drawdowns

FEKFX vs. ACIIX - Drawdown Comparison

The maximum FEKFX drawdown since its inception was -33.16%, smaller than the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FEKFX and ACIIX.

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Drawdown Indicators

FEKFXACIIXDifference

Max Drawdown

Largest peak-to-trough decline

-33.16%

-39.16%

+6.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.97%

-8.96%

-2.01%

Max Drawdown (5Y)

Largest decline over 5 years

-17.03%

-13.49%

-3.54%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.76%

—

Current Drawdown

Current decline from peak

-6.47%

-5.73%

-0.74%

Average Drawdown

Average peak-to-trough decline

-3.77%

-5.26%

+1.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

2.30%

-0.06%

Volatility

FEKFX vs. ACIIX - Volatility Comparison

Fidelity Equity-Income K6 Fund (FEKFX) has a higher volatility of 3.25% compared to American Century Equity Income Fund Class I (ACIIX) at 2.76%. This indicates that FEKFX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEKFXACIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.76%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

7.03%

6.05%

+0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

11.61%

+2.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.35%

10.74%

+2.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.15%

13.37%

+3.78%