FEKFX vs. HDCTX

Last updated Jun 24, 2026

FEKFX (Fidelity Equity-Income K6 Fund) and HDCTX (Rational Equity Armor Fund) are both Large Cap Value Equities funds. Over the past 5 years, FEKFX returned 11.46%/yr vs 7.32%/yr for HDCTX. A 0.74 correlation means they provide meaningful diversification when combined. FEKFX charges 0.34%/yr vs 1.17%/yr for HDCTX.

Performance

FEKFX vs. HDCTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity-Income K6 Fund (FEKFX) and Rational Equity Armor Fund (HDCTX). 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 FEKFX having a 9.61% return and HDCTX slightly lower at 9.50%.

FEKFX

• 1D: 0.20%
• 1M: 0.46%
• YTD: 9.61%
• 6M: 9.18%
• 1Y: 22.54%
• 3Y*: 18.06%
• 5Y*: 11.46%
• 10Y*: —

HDCTX

• 1D: -0.25%
• 1M: -0.34%
• YTD: 9.50%
• 6M: 8.19%
• 1Y: 19.35%
• 3Y*: 14.81%
• 5Y*: 7.32%
• 10Y*: 5.43%

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

FEKFX vs. HDCTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FEKFX Fidelity Equity-Income K6 Fund	9.61%	19.03%	15.56%	10.81%	-4.77%	24.77%	6.83%	11.36%
HDCTX Rational Equity Armor Fund	9.50%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	6.97%

Correlation

The correlation between FEKFX and HDCTX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.75

The correlation between FEKFX and HDCTX shifts across timeframes, from 0.55 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEKFX vs. HDCTX — Risk / Return Rank

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

FEKFX

FEKFX Risk / Return Rank: 81
FEKFX Sharpe Ratio Rank: 82
FEKFX Sortino Ratio Rank: 81
FEKFX Omega Ratio Rank: 75
FEKFX Calmar Ratio Rank: 83
FEKFX Martin Ratio Rank: 85

HDCTX

HDCTX Risk / Return Rank: 56
HDCTX Sharpe Ratio Rank: 61
HDCTX Sortino Ratio Rank: 65
HDCTX Omega Ratio Rank: 56
HDCTX Calmar Ratio Rank: 63
HDCTX Martin Ratio Rank: 36

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. HDCTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income K6 Fund (FEKFX) and Rational Equity Armor Fund (HDCTX). 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.

	FEKFX	HDCTX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.13	+0.34
Sortino ratio: Return per unit of downside risk	3.55	3.07	+0.48
Omega ratio: Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio: Return relative to maximum drawdown	3.68	2.94	+0.74
Martin ratio: Return relative to average drawdown	14.77	7.62	+7.15

FEKFX vs. HDCTX - Sharpe Ratio Comparison

The current FEKFX Sharpe Ratio is 2.47, which is comparable to the HDCTX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FEKFX and HDCTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEKFX vs. HDCTX - Drawdown Comparison

The maximum FEKFX drawdown since its inception was -33.16%, smaller than the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FEKFX and HDCTX.

Drawdown Indicators

	FEKFX	HDCTX	Difference
Max Drawdown Largest peak-to-trough decline	-33.16%	-59.05%	+25.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-6.95%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-13.02%	-11.74%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-17.03%	-18.22%	+1.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.43%	—
Current Drawdown Current decline from peak	-0.80%	-2.40%	+1.60%
Average Drawdown Average peak-to-trough decline	-3.69%	-6.40%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.67%	-1.07%

Volatility

FEKFX vs. HDCTX - Volatility Comparison

Fidelity Equity-Income K6 Fund (FEKFX) and Rational Equity Armor Fund (HDCTX) have volatilities of 2.77% and 2.72%, 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

	FEKFX	HDCTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	2.72%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.34%	7.08%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	9.62%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.33%	10.66%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	11.55%	+5.42%

FEKFX vs. HDCTX - Expense Ratio Comparison

FEKFX has a 0.34% expense ratio, which is lower than HDCTX's 1.17% expense ratio.

Dividends

FEKFX vs. HDCTX - Dividend Comparison

FEKFX's dividend yield for the trailing twelve months is around 2.85%, more than HDCTX's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEKFX Fidelity Equity-Income K6 Fund	2.85%	2.79%	3.26%	1.96%	1.94%	3.65%	1.84%	0.75%	0.00%	0.00%	0.00%	0.00%
HDCTX Rational Equity Armor Fund	0.19%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%

Frequently Asked Questions

Can I hold both FEKFX and HDCTX in my portfolio?

FEKFX and HDCTX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEKFX or HDCTX?

FEKFX has higher volatility (2.77%) compared to HDCTX (2.72%). In terms of maximum drawdown, FEKFX dropped -33.16% vs HDCTX's -59.05%.

Which has better risk-adjusted returns?

FEKFX currently has the higher Sharpe Ratio (2.47 vs 2.13), 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.