FEKFX vs. SCHF

Last updated Jun 4, 2026

FEKFX (Fidelity Equity-Income K6 Fund) and SCHF (Schwab International Equity ETF) are both funds - FEKFX is a Large Cap Value Equities fund managed by Fidelity, while SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Over the past 5 years, FEKFX returned 10.86%/yr vs 9.84%/yr for SCHF. A 0.80 correlation means they provide meaningful diversification when combined. FEKFX charges 0.34%/yr vs 0.06%/yr for SCHF.

Performance

FEKFX vs. SCHF - Performance Comparison

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

Returns By Period

In the year-to-date period, FEKFX achieves a 8.72% return, which is significantly lower than SCHF's 15.56% return.

FEKFX

• 1D: 0.51%
• 1M: 0.98%
• YTD: 8.72%
• 6M: 9.91%
• 1Y: 22.28%
• 3Y*: 17.96%
• 5Y*: 10.86%
• 10Y*: —

SCHF

• 1D: -0.86%
• 1M: 5.91%
• YTD: 15.56%
• 6M: 18.62%
• 1Y: 32.67%
• 3Y*: 19.90%
• 5Y*: 9.84%
• 10Y*: 10.27%

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

FEKFX vs. SCHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FEKFX Fidelity Equity-Income K6 Fund	8.72%	19.03%	15.56%	10.81%	-4.77%	24.77%	6.83%	11.36%
SCHF Schwab International Equity ETF	15.56%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	9.75%

Correlation

The correlation between FEKFX and SCHF is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.80

The correlation between FEKFX and SCHF has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

FEKFX vs. SCHF — Risk / Return Rank

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

FEKFX

FEKFX Risk / Return Rank: 71
FEKFX Sharpe Ratio Rank: 69
FEKFX Sortino Ratio Rank: 71
FEKFX Omega Ratio Rank: 63
FEKFX Calmar Ratio Rank: 79
FEKFX Martin Ratio Rank: 76

SCHF

SCHF Risk / Return Rank: 59
SCHF Sharpe Ratio Rank: 60
SCHF Sortino Ratio Rank: 60
SCHF Omega Ratio Rank: 60
SCHF Calmar Ratio Rank: 56
SCHF Martin Ratio Rank: 61

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. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income K6 Fund (FEKFX) and Schwab International Equity ETF (SCHF). 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.

	FEKFX	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.09	+0.34
Sortino ratio: Return per unit of downside risk	3.49	2.87	+0.62
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	3.57	2.86	+0.71
Martin ratio: Return relative to average drawdown	14.33	11.11	+3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEKFX vs. SCHF - Sharpe Ratio Comparison

The current FEKFX Sharpe Ratio is 2.43, which is comparable to the SCHF Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of FEKFX and SCHF, 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

	FEKFX	SCHF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.09	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.60	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.44	+0.33

Drawdowns

FEKFX vs. SCHF - Drawdown Comparison

The maximum FEKFX drawdown since its inception was -33.16%, roughly equal to the maximum SCHF drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for FEKFX and SCHF.

Drawdown Indicators

	FEKFX	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-33.16%	-34.87%	+1.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-11.48%	+5.01%
Max Drawdown (3Y) Largest decline over 3 years	-13.02%	-13.41%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-17.03%	-29.14%	+12.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.87%	—
Current Drawdown Current decline from peak	-0.56%	-0.86%	+0.30%
Average Drawdown Average peak-to-trough decline	-3.71%	-7.38%	+3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.95%	-1.35%

Volatility

FEKFX vs. SCHF - Volatility Comparison

The current volatility for Fidelity Equity-Income K6 Fund (FEKFX) is 2.38%, while Schwab International Equity ETF (SCHF) has a volatility of 5.66%. This indicates that FEKFX experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEKFX	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	5.66%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	7.21%	13.34%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	15.74%	-6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	16.39%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	17.18%	-0.17%

FEKFX vs. SCHF - Expense Ratio Comparison

FEKFX has a 0.34% expense ratio, which is higher than SCHF's 0.06% expense ratio.

Dividends

FEKFX vs. SCHF - Dividend Comparison

FEKFX's dividend yield for the trailing twelve months is around 2.87%, less than SCHF's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEKFX Fidelity Equity-Income K6 Fund	2.87%	2.79%	3.26%	1.96%	1.94%	3.65%	1.84%	0.75%	0.00%	0.00%	0.00%	0.00%
SCHF Schwab International Equity ETF	2.96%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both FEKFX and SCHF in my portfolio?

FEKFX and SCHF have a correlation of 0.71, 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 SCHF?

SCHF has higher volatility (5.66%) compared to FEKFX (2.38%). In terms of maximum drawdown, FEKFX dropped -33.16% vs SCHF's -34.87%.

Which has better risk-adjusted returns?

FEKFX currently has the higher Sharpe Ratio (2.43 vs 2.09), 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.