FEQIX vs. BDCZ
Compare and contrast key facts about Fidelity Equity-Income Fund (FEQIX) and ETRACS MVIS Business Development Companies Index ETN (BDCZ).
FEQIX is managed by Fidelity. It was launched on May 16, 1966. BDCZ is a passively managed fund by UBS that tracks the performance of the BDCZ-US - MVIS US Business Development Companies Index. It was launched on Oct 8, 2015.
Performance
FEQIX vs. BDCZ - Performance Comparison
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FEQIX vs. BDCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 1.32% | 18.96% | 15.34% | 10.62% | -5.10% | 24.49% | 6.77% | 27.90% | -8.46% | 12.80% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | -8.73% | -3.72% | 12.22% | 25.31% | -9.12% | 33.97% | -10.95% | 26.00% | -7.64% | 0.40% |
Returns By Period
In the year-to-date period, FEQIX achieves a 1.32% return, which is significantly higher than BDCZ's -8.73% return. Over the past 10 years, FEQIX has outperformed BDCZ with an annualized return of 11.41%, while BDCZ has yielded a comparatively lower 6.43% annualized return.
FEQIX
- 1D
- 0.04%
- 1M
- -6.45%
- YTD
- 1.32%
- 6M
- 5.37%
- 1Y
- 16.73%
- 3Y*
- 15.21%
- 5Y*
- 10.74%
- 10Y*
- 11.41%
BDCZ
- 1D
- 2.11%
- 1M
- 1.43%
- YTD
- -8.73%
- 6M
- -7.68%
- 1Y
- -13.06%
- 3Y*
- 5.89%
- 5Y*
- 4.84%
- 10Y*
- 6.43%
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FEQIX vs. BDCZ - Expense Ratio Comparison
FEQIX has a 0.57% expense ratio, which is lower than BDCZ's 0.85% expense ratio.
Return for Risk
FEQIX vs. BDCZ — Risk / Return Rank
FEQIX
BDCZ
FEQIX vs. BDCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund (FEQIX) and ETRACS MVIS Business Development Companies Index ETN (BDCZ). 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.
| FEQIX | BDCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | -0.58 | +1.83 |
Sortino ratioReturn per unit of downside risk | 1.77 | -0.68 | +2.44 |
Omega ratioGain probability vs. loss probability | 1.28 | 0.91 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.67 | +2.16 |
Martin ratioReturn relative to average drawdown | 7.32 | -1.38 | +8.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEQIX | BDCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | -0.58 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.28 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.30 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.27 | +0.22 |
Correlation
The correlation between FEQIX and BDCZ is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FEQIX vs. BDCZ - Dividend Comparison
FEQIX's dividend yield for the trailing twelve months is around 4.91%, less than BDCZ's 11.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 4.91% | 4.67% | 5.51% | 4.26% | 4.56% | 9.90% | 3.38% | 7.16% | 9.76% | 6.29% | 4.28% | 12.17% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | 11.88% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 7.98% | 0.00% |
Drawdowns
FEQIX vs. BDCZ - Drawdown Comparison
The maximum FEQIX drawdown since its inception was -62.38%, which is greater than BDCZ's maximum drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for FEQIX and BDCZ.
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Drawdown Indicators
| FEQIX | BDCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.38% | -55.63% | -6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -19.95% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -23.12% | +5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -55.63% | +22.51% |
Current DrawdownCurrent decline from peak | -6.45% | -17.94% | +11.49% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -7.75% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 9.71% | -7.46% |
Volatility
FEQIX vs. BDCZ - Volatility Comparison
The current volatility for Fidelity Equity-Income Fund (FEQIX) is 3.33%, while ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a volatility of 5.99%. This indicates that FEQIX experiences smaller price fluctuations and is considered to be less risky than BDCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEQIX | BDCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 5.99% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 16.22% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 22.66% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 17.43% | -3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 21.56% | -6.07% |