FEQIX vs. PAIIX
Compare and contrast key facts about Fidelity Equity-Income Fund (FEQIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX).
FEQIX is managed by Fidelity. It was launched on May 16, 1966. PAIIX is managed by PIMCO. It was launched on Oct 1, 1995.
Performance
FEQIX vs. PAIIX - Performance Comparison
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FEQIX vs. PAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 3.19% | 18.96% | 15.34% | 10.62% | -5.10% | 24.49% | 6.77% | 27.90% | -8.46% | 12.80% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -2.53% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
Returns By Period
In the year-to-date period, FEQIX achieves a 3.19% return, which is significantly higher than PAIIX's -2.53% return. Over the past 10 years, FEQIX has outperformed PAIIX with an annualized return of 11.62%, while PAIIX has yielded a comparatively lower 2.83% annualized return.
FEQIX
- 1D
- 1.85%
- 1M
- -4.56%
- YTD
- 3.19%
- 6M
- 7.08%
- 1Y
- 18.83%
- 3Y*
- 15.91%
- 5Y*
- 10.94%
- 10Y*
- 11.62%
PAIIX
- 1D
- 0.42%
- 1M
- -2.85%
- YTD
- -2.53%
- 6M
- -1.27%
- 1Y
- 2.81%
- 3Y*
- 4.73%
- 5Y*
- 1.83%
- 10Y*
- 2.83%
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FEQIX vs. PAIIX - Expense Ratio Comparison
FEQIX has a 0.57% expense ratio, which is lower than PAIIX's 0.90% expense ratio.
Return for Risk
FEQIX vs. PAIIX — Risk / Return Rank
FEQIX
PAIIX
FEQIX vs. PAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund (FEQIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). 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 | PAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.75 | +0.57 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.02 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.14 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.84 | +0.96 |
Martin ratioReturn relative to average drawdown | 8.81 | 3.60 | +5.22 |
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 | PAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.75 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.57 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.97 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.09 | -0.59 |
Correlation
The correlation between FEQIX and PAIIX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FEQIX vs. PAIIX - Dividend Comparison
FEQIX's dividend yield for the trailing twelve months is around 4.82%, more than PAIIX's 4.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQIX Fidelity Equity-Income Fund | 4.82% | 4.67% | 5.51% | 4.26% | 4.56% | 9.90% | 3.38% | 7.16% | 9.76% | 6.29% | 4.28% | 12.17% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.33% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
Drawdowns
FEQIX vs. PAIIX - Drawdown Comparison
The maximum FEQIX drawdown since its inception was -62.38%, which is greater than PAIIX's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for FEQIX and PAIIX.
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Drawdown Indicators
| FEQIX | PAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.38% | -13.59% | -48.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -4.25% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -9.91% | -7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -10.44% | -22.68% |
Current DrawdownCurrent decline from peak | -4.72% | -3.44% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -1.99% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.00% | +1.27% |
Volatility
FEQIX vs. PAIIX - Volatility Comparison
Fidelity Equity-Income Fund (FEQIX) has a higher volatility of 3.96% compared to PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) at 2.26%. This indicates that FEQIX's price experiences larger fluctuations and is considered to be riskier than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEQIX | PAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 2.26% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 2.89% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 3.95% | +10.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 3.26% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 2.92% | +12.58% |