FEQIX vs. FZROX
Compare and contrast key facts about Fidelity Equity-Income Fund (FEQIX) and Fidelity ZERO Total Market Index Fund (FZROX).
FEQIX is managed by Fidelity. It was launched on May 16, 1966. FZROX is managed by Fidelity.
Performance
FEQIX vs. FZROX - Performance Comparison
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FEQIX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 1.32% | 18.96% | 15.34% | 10.62% | -5.10% | 24.49% | 6.77% | 27.90% | -10.45% |
FZROX Fidelity ZERO Total Market Index Fund | -6.77% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FEQIX achieves a 1.32% return, which is significantly higher than FZROX's -6.77% 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%
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
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FEQIX vs. FZROX - Expense Ratio Comparison
FEQIX has a 0.57% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FEQIX vs. FZROX — Risk / Return Rank
FEQIX
FZROX
FEQIX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund (FEQIX) and Fidelity ZERO Total Market Index Fund (FZROX). 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 | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.84 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.30 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.05 | +0.44 |
Martin ratioReturn relative to average drawdown | 7.32 | 5.11 | +2.20 |
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 | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.84 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.60 | +0.20 |
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 | 0.61 | -0.11 |
Correlation
The correlation between FEQIX and FZROX is 0.87, 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. FZROX - Dividend Comparison
FEQIX's dividend yield for the trailing twelve months is around 4.91%, more than FZROX's 1.10% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEQIX vs. FZROX - Drawdown Comparison
The maximum FEQIX drawdown since its inception was -62.38%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FEQIX and FZROX.
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Drawdown Indicators
| FEQIX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.38% | -34.96% | -27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -12.44% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -25.12% | +7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | — | — |
Current DrawdownCurrent decline from peak | -6.45% | -8.89% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -5.61% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.56% | -0.31% |
Volatility
FEQIX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Equity-Income Fund (FEQIX) is 3.33%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.41%. This indicates that FEQIX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEQIX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.41% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 9.34% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 18.49% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 17.40% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 20.25% | -4.76% |