FEPIX vs. ACIIX
FEPIX (Fidelity Total Bond Fund) and ACIIX (American Century Equity Income Fund Class I) are both mutual funds - FEPIX is a Total Bond Market fund managed by Fidelity, while ACIIX is a Dividend fund managed by American Century. Over the past 10 years, FEPIX returned 2.02%/yr vs 9.16%/yr for ACIIX. Their -0.08 correlation means they have often moved in opposite directions in the past. FEPIX charges 0.50%/yr vs 0.72%/yr for ACIIX.
Performance
FEPIX vs. ACIIX - Performance Comparison
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Returns By Period
In the year-to-date period, FEPIX achieves a -0.59% return, which is significantly lower than ACIIX's 13.38% return. Over the past 10 years, FEPIX has underperformed ACIIX with an annualized return of 2.02%, while ACIIX has yielded a comparatively higher 9.16% annualized return.
FEPIX
- 1D
- 0.00%
- 1M
- -1.26%
- 6M
- -0.72%
- YTD
- -0.59%
- 1Y
- 1.91%
- 3Y*
- 3.93%
- 5Y*
- -0.08%
- 10Y*
- 2.02%
- ALL TIME*
- 3.68%
ACIIX
- 1D
- 0.00%
- 1M
- 2.27%
- 6M
- 9.01%
- YTD
- 13.38%
- 1Y
- 19.83%
- 3Y*
- 11.90%
- 5Y*
- 8.20%
- 10Y*
- 9.16%
- ALL TIME*
- 7.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEPIX vs. ACIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | -0.59% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
ACIIX American Century Equity Income Fund Class I | 13.38% | 12.05% | 10.58% | 4.25% | -2.96% | 17.16% | 1.19% | 24.50% | -3.53% | 13.69% |
Correlation
The correlation between FEPIX and ACIIX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2004 | -0.08 |
The correlation between FEPIX and ACIIX shifts across timeframes, from -0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEPIX vs. ACIIX — Risk / Return Rank
FEPIX
ACIIX
FEPIX vs. ACIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) 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.
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.
| FEPIX | ACIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.87 | -1.78 |
| Martin ratioReturn relative to average drawdown | 2.70 | 9.45 | -6.74 |
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Drawdowns
FEPIX vs. ACIIX - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -18.40%, smaller than the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FEPIX and ACIIX.
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Drawdown Indicators
| FEPIX | ACIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -39.16% | +20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -6.38% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -10.15% | +5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -13.49% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -32.76% | +14.36% |
Current DrawdownCurrent decline from peak | -2.43% | -0.63% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -5.22% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.93% | -0.76% |
Volatility
FEPIX vs. ACIIX - Volatility Comparison
The current volatility for Fidelity Total Bond Fund (FEPIX) is 0.93%, while American Century Equity Income Fund Class I (ACIIX) has a volatility of 2.92%. This indicates that FEPIX experiences smaller price fluctuations and is considered to be less risky 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
| FEPIX | ACIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.92% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 6.54% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 8.61% | -4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 10.78% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 13.34% | -8.60% |
FEPIX vs. ACIIX - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is lower than ACIIX's 0.72% expense ratio.
Dividends
FEPIX vs. ACIIX - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 3.98%, less than ACIIX's 9.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACIIX American Century Equity Income Fund Class I | 9.48% | 10.55% | 11.71% | 8.21% | 8.96% | 7.02% | 2.18% | 7.57% | 9.05% | 12.14% | 8.08% | 10.72% |
FEPIX Fidelity Total Bond Fund | 3.98% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
Frequently Asked Questions
FEPIX and ACIIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACIIX has higher volatility (2.92%) compared to FEPIX (0.93%). In terms of maximum drawdown, FEPIX dropped -18.40% vs ACIIX's -39.16%.
ACIIX currently has the higher Sharpe Ratio (2.13 vs 0.84), 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.
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