FEQIX vs. HACAX
Compare and contrast key facts about Fidelity Equity-Income Fund (FEQIX) and Harbor Capital Appreciation Fund Class I (HACAX).
FEQIX is managed by Fidelity. It was launched on May 16, 1966. HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEQIX or HACAX.
Key characteristics
| FEQIX | HACAX | |
|---|---|---|
| YTD Return | 8.35% | 11.96% |
| 1Y Return | 19.10% | 42.71% |
| 3Y Return (Ann) | 6.48% | 7.17% |
| 5Y Return (Ann) | 11.18% | 16.50% |
| 10Y Return (Ann) | 8.80% | 15.77% |
| Sharpe Ratio | 1.98 | 2.34 |
| Daily Std Dev | 9.45% | 17.88% |
| Max Drawdown | -62.07% | -63.00% |
| Current Drawdown | -0.66% | -2.77% |
Correlation
The correlation between FEQIX and HACAX is 0.76, 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.
Performance
FEQIX vs. HACAX - Performance Comparison
In the year-to-date period, FEQIX achieves a 8.35% return, which is significantly lower than HACAX's 11.96% return. Over the past 10 years, FEQIX has underperformed HACAX with an annualized return of 8.80%, while HACAX has yielded a comparatively higher 15.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEQIX vs. HACAX - Expense Ratio Comparison
FEQIX has a 0.57% expense ratio, which is lower than HACAX's 0.71% expense ratio.
Risk-Adjusted Performance
FEQIX vs. HACAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund (FEQIX) and Harbor Capital Appreciation Fund Class I (HACAX). 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. HACAX - Dividend Comparison
FEQIX's dividend yield for the trailing twelve months is around 4.27%, while HACAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 4.27% | 4.26% | 4.56% | 9.90% | 3.38% | 7.16% | 9.76% | 6.80% | 4.28% | 7.35% | 8.14% | 2.18% |
HACAX Harbor Capital Appreciation Fund Class I | 0.00% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% | 6.52% | 3.13% |
Drawdowns
FEQIX vs. HACAX - Drawdown Comparison
The maximum FEQIX drawdown since its inception was -62.07%, roughly equal to the maximum HACAX drawdown of -63.00%. Use the drawdown chart below to compare losses from any high point for FEQIX and HACAX. For additional features, visit the drawdowns tool.
Volatility
FEQIX vs. HACAX - Volatility Comparison
The current volatility for Fidelity Equity-Income Fund (FEQIX) is 2.88%, while Harbor Capital Appreciation Fund Class I (HACAX) has a volatility of 6.31%. This indicates that FEQIX experiences smaller price fluctuations and is considered to be less risky than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.