FEQIX vs. FDVV
Compare and contrast key facts about Fidelity Equity-Income Fund (FEQIX) and Fidelity High Dividend ETF (FDVV).
FEQIX is managed by Fidelity. It was launched on May 16, 1966. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEQIX or FDVV.
Performance
FEQIX vs. FDVV - Performance Comparison
Returns By Period
In the year-to-date period, FEQIX achieves a 18.81% return, which is significantly lower than FDVV's 24.98% return.
FEQIX
18.81%
-0.67%
8.03%
22.70%
7.09%
5.42%
FDVV
24.98%
0.51%
12.59%
33.37%
14.51%
N/A
Key characteristics
| FEQIX | FDVV | |
|---|---|---|
| Sharpe Ratio | 2.30 | 3.23 |
| Sortino Ratio | 3.19 | 4.42 |
| Omega Ratio | 1.42 | 1.60 |
| Calmar Ratio | 2.36 | 6.52 |
| Martin Ratio | 16.19 | 27.40 |
| Ulcer Index | 1.41% | 1.20% |
| Daily Std Dev | 9.89% | 10.19% |
| Max Drawdown | -62.07% | -40.25% |
| Current Drawdown | -1.44% | -0.67% |
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FEQIX vs. FDVV - Expense Ratio Comparison
FEQIX has a 0.57% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Correlation
The correlation between FEQIX and FDVV is 0.91, 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.
Risk-Adjusted Performance
FEQIX vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund (FEQIX) and Fidelity High Dividend ETF (FDVV). 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.
Dividends
FEQIX vs. FDVV - Dividend Comparison
FEQIX's dividend yield for the trailing twelve months is around 1.56%, less than FDVV's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 1.56% | 1.78% | 1.93% | 1.55% | 1.50% | 1.82% | 2.73% | 2.03% | 2.37% | 7.35% | 8.14% | 2.18% |
FDVV Fidelity High Dividend ETF | 2.73% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEQIX vs. FDVV - Drawdown Comparison
The maximum FEQIX drawdown since its inception was -62.07%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FEQIX and FDVV. For additional features, visit the drawdowns tool.
Volatility
FEQIX vs. FDVV - Volatility Comparison
Fidelity Equity-Income Fund (FEQIX) has a higher volatility of 3.00% compared to Fidelity High Dividend ETF (FDVV) at 2.54%. This indicates that FEQIX's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.