FEQHX vs. BKTSX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Hedged Equity Fund (FEQHX) and iShares Total U.S. Stock Market Index Fund Class K (BKTSX).

FEQHX is an actively managed fund by Fidelity. It was launched on Sep 8, 2022. BKTSX is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on Aug 13, 2015.

Performance

FEQHX vs. BKTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Hedged Equity Fund (FEQHX) and iShares Total U.S. Stock Market Index Fund Class K (BKTSX). The values are adjusted to include any dividend payments, if applicable.

FEQHX vs. BKTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FEQHX Fidelity Hedged Equity Fund	-4.09%	13.61%	19.46%	17.65%	-4.85%
BKTSX iShares Total U.S. Stock Market Index Fund Class K	-3.96%	17.15%	23.83%	26.02%	-3.97%

Returns By Period

The year-to-date returns for both investments are quite close, with FEQHX having a -4.09% return and BKTSX slightly higher at -3.96%.

FEQHX

• 1D: 1.71%
• 1M: -4.16%
• YTD: -4.09%
• 6M: -3.55%
• 1Y: 13.00%
• 3Y*: 13.67%
• 5Y*: —
• 10Y*: —

BKTSX

• 1D: 2.93%
• 1M: -5.12%
• YTD: -3.96%
• 6M: -1.99%
• 1Y: 17.59%
• 3Y*: 17.88%
• 5Y*: 10.62%
• 10Y*: 13.64%

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

FEQHX vs. BKTSX - Expense Ratio Comparison

FEQHX has a 0.55% expense ratio, which is higher than BKTSX's 0.02% expense ratio.

FEQHX

Fidelity Hedged Equity Fund

BKTSX

iShares Total U.S. Stock Market Index Fund Class K

Return for Risk

FEQHX vs. BKTSX — Risk / Return Rank

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

FEQHX

FEQHX Risk / Return Rank: 65
FEQHX Sharpe Ratio Rank: 63
FEQHX Sortino Ratio Rank: 67
FEQHX Omega Ratio Rank: 55
FEQHX Calmar Ratio Rank: 72
FEQHX Martin Ratio Rank: 69

BKTSX

BKTSX Risk / Return Rank: 49
BKTSX Sharpe Ratio Rank: 41
BKTSX Sortino Ratio Rank: 45
BKTSX Omega Ratio Rank: 47
BKTSX Calmar Ratio Rank: 49
BKTSX Martin Ratio Rank: 62

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.

FEQHX vs. BKTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Hedged Equity Fund (FEQHX) and iShares Total U.S. Stock Market Index Fund Class K (BKTSX). 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.

	FEQHX	BKTSX	Difference
Sharpe ratio Return per unit of total volatility	1.21	0.98	+0.23
Sortino ratio Return per unit of downside risk	1.82	1.50	+0.32
Omega ratio Gain probability vs. loss probability	1.24	1.23	+0.01
Calmar ratio Return relative to maximum drawdown	1.84	1.50	+0.34
Martin ratio Return relative to average drawdown	7.27	7.22	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQHX vs. BKTSX - Sharpe Ratio Comparison

The current FEQHX Sharpe Ratio is 1.21, which is comparable to the BKTSX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of FEQHX and BKTSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEQHX	BKTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.98	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.75	+0.25

Correlation

The correlation between FEQHX and BKTSX is 0.97, 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

FEQHX vs. BKTSX - Dividend Comparison

FEQHX's dividend yield for the trailing twelve months is around 0.45%, less than BKTSX's 1.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FEQHX Fidelity Hedged Equity Fund	0.45%	0.43%	0.61%	0.77%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BKTSX iShares Total U.S. Stock Market Index Fund Class K	1.18%	1.14%	1.27%	1.46%	1.64%	1.58%	1.51%	2.15%	2.49%	2.17%	1.54%

Drawdowns

FEQHX vs. BKTSX - Drawdown Comparison

The maximum FEQHX drawdown since its inception was -10.42%, smaller than the maximum BKTSX drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for FEQHX and BKTSX.

Drawdown Indicators

	FEQHX	BKTSX	Difference
Max Drawdown Largest peak-to-trough decline	-10.42%	-34.97%	+24.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-12.36%	+4.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.97%	—
Current Drawdown Current decline from peak	-5.82%	-6.20%	+0.38%
Average Drawdown Average peak-to-trough decline	-2.28%	-4.59%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.58%	-0.71%

Volatility

FEQHX vs. BKTSX - Volatility Comparison

The current volatility for Fidelity Hedged Equity Fund (FEQHX) is 3.11%, while iShares Total U.S. Stock Market Index Fund Class K (BKTSX) has a volatility of 5.45%. This indicates that FEQHX experiences smaller price fluctuations and is considered to be less risky than BKTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQHX	BKTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	5.45%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	6.85%	9.72%	-2.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	18.56%	-7.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.29%	17.38%	-6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.29%	18.40%	-7.11%