FEQIX vs. FDVV

Last updated Apr 1, 2026

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.

Performance

FEQIX vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity-Income Fund (FEQIX) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

FEQIX vs. FDVV - 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%
FDVV Fidelity High Dividend ETF	-1.78%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Returns By Period

In the year-to-date period, FEQIX achieves a 1.32% return, which is significantly higher than FDVV's -1.78% 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%

FDVV

• 1D: 2.35%
• 1M: -5.66%
• YTD: -1.78%
• 6M: 0.65%
• 1Y: 14.82%
• 3Y*: 16.89%
• 5Y*: 12.68%
• 10Y*: —

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

FEQIX vs. FDVV - Expense Ratio Comparison

FEQIX has a 0.57% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FEQIX

Fidelity Equity-Income Fund

FDVV

Fidelity High Dividend ETF

Return for Risk

FEQIX vs. FDVV — Risk / Return Rank

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

FEQIX

FEQIX Risk / Return Rank: 72
FEQIX Sharpe Ratio Rank: 72
FEQIX Sortino Ratio Rank: 73
FEQIX Omega Ratio Rank: 74
FEQIX Calmar Ratio Rank: 66
FEQIX Martin Ratio Rank: 76

FDVV

FDVV Risk / Return Rank: 60
FDVV Sharpe Ratio Rank: 58
FDVV Sortino Ratio Rank: 58
FDVV Omega Ratio Rank: 65
FDVV Calmar Ratio Rank: 57
FDVV Martin Ratio Rank: 63

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.

FEQIX vs. FDVV - Risk-Adjusted Trends 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.

	FEQIX	FDVV	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.97	+0.28
Sortino ratio Return per unit of downside risk	1.77	1.41	+0.35
Omega ratio Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio Return relative to maximum drawdown	1.49	1.29	+0.20
Martin ratio Return relative to average drawdown	7.32	5.68	+1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQIX vs. FDVV - Sharpe Ratio Comparison

The current FEQIX Sharpe Ratio is 1.25, which is comparable to the FDVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FEQIX and FDVV, 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

	FEQIX	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.97	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.86	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.74	-0.24

Correlation

The correlation between FEQIX and FDVV is 0.92, 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

FEQIX vs. FDVV - Dividend Comparison

FEQIX's dividend yield for the trailing twelve months is around 4.91%, more than FDVV's 3.00% 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%
FDVV Fidelity High Dividend ETF	3.00%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%

Drawdowns

FEQIX vs. FDVV - Drawdown Comparison

The maximum FEQIX drawdown since its inception was -62.38%, 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.

Drawdown Indicators

	FEQIX	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-62.38%	-40.25%	-22.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-12.34%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-17.20%	-20.18%	+2.98%
Max Drawdown (10Y) Largest decline over 10 years	-33.12%	—	—
Current Drawdown Current decline from peak	-6.45%	-7.04%	+0.59%
Average Drawdown Average peak-to-trough decline	-8.04%	-3.85%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.81%	-0.56%

Volatility

FEQIX vs. FDVV - Volatility Comparison

The current volatility for Fidelity Equity-Income Fund (FEQIX) is 3.33%, while Fidelity High Dividend ETF (FDVV) has a volatility of 4.48%. This indicates that FEQIX experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQIX	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	4.48%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	7.06%	7.68%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	15.34%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	14.74%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.49%	17.09%	-1.60%