FEQIX vs. TAIFX

Last updated Jun 13, 2026

FEQIX (Fidelity Equity-Income Fund) and TAIFX (American Funds Tax-Aware Conservative Growth & Income Portfolio F1) are both mutual funds - FEQIX is a Large Cap Value Equities fund actively managed by Fidelity, while TAIFX is a Diversified Portfolio fund actively managed by American Funds. Both are actively managed. Over the past 10 years, FEQIX returned 12.04%/yr vs 7.79%/yr for TAIFX. Their correlation of 0.89 suggests significant overlap in exposure. FEQIX charges 0.57%/yr vs 0.70%/yr for TAIFX.

Performance

FEQIX vs. TAIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity-Income Fund (FEQIX) and American Funds Tax-Aware Conservative Growth & Income Portfolio F1 (TAIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEQIX achieves a 9.23% return, which is significantly higher than TAIFX's 5.74% return. Over the past 10 years, FEQIX has outperformed TAIFX with an annualized return of 12.04%, while TAIFX has yielded a comparatively lower 7.79% annualized return.

FEQIX

• 1D: 1.27%
• 1M: 1.56%
• YTD: 9.23%
• 6M: 9.73%
• 1Y: 21.60%
• 3Y*: 17.69%
• 5Y*: 10.74%
• 10Y*: 12.04%

TAIFX

• 1D: 1.08%
• 1M: 0.68%
• YTD: 5.74%
• 6M: 6.46%
• 1Y: 14.61%
• 3Y*: 12.29%
• 5Y*: 6.63%
• 10Y*: 7.79%

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

FEQIX vs. TAIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEQIX Fidelity Equity-Income Fund	9.23%	18.96%	15.34%	10.62%	-5.10%	24.49%	6.77%	27.90%	-8.46%	12.80%
TAIFX American Funds Tax-Aware Conservative Growth & Income Portfolio F1	5.74%	13.74%	9.96%	11.78%	-10.23%	12.35%	7.41%	15.90%	-2.19%	14.21%

Correlation

The correlation between FEQIX and TAIFX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 21, 2012	0.89

The correlation between FEQIX and TAIFX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

FEQIX vs. TAIFX — Risk / Return Rank

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

FEQIX

FEQIX Risk / Return Rank: 83
FEQIX Sharpe Ratio Rank: 83
FEQIX Sortino Ratio Rank: 82
FEQIX Omega Ratio Rank: 78
FEQIX Calmar Ratio Rank: 86
FEQIX Martin Ratio Rank: 88

TAIFX

TAIFX Risk / Return Rank: 76
TAIFX Sharpe Ratio Rank: 81
TAIFX Sortino Ratio Rank: 79
TAIFX Omega Ratio Rank: 81
TAIFX Calmar Ratio Rank: 63
TAIFX Martin Ratio Rank: 75

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. TAIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity-Income Fund (FEQIX) and American Funds Tax-Aware Conservative Growth & Income Portfolio F1 (TAIFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEQIX	TAIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.27	+0.03
Sortino ratio: Return per unit of downside risk	3.29	3.21	+0.09
Omega ratio: Gain probability vs. loss probability	1.41	1.45	-0.04
Calmar ratio: Return relative to maximum drawdown	3.44	2.57	+0.87
Martin ratio: Return relative to average drawdown	13.83	11.61	+2.22

FEQIX vs. TAIFX - Sharpe Ratio Comparison

The current FEQIX Sharpe Ratio is 2.29, which is comparable to the TAIFX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of FEQIX and TAIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEQIX vs. TAIFX - Drawdown Comparison

The maximum FEQIX drawdown since its inception was -62.38%, which is greater than TAIFX's maximum drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for FEQIX and TAIFX.

Drawdown Indicators

	FEQIX	TAIFX	Difference
Max Drawdown Largest peak-to-trough decline	-62.38%	-21.43%	-40.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.48%	-5.85%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-8.35%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-17.20%	-16.79%	-0.41%
Max Drawdown (10Y) Largest decline over 10 years	-33.12%	-21.43%	-11.69%
Current Drawdown Current decline from peak	-0.07%	-0.73%	+0.66%
Average Drawdown Average peak-to-trough decline	-8.01%	-2.20%	-5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.29%	+0.32%

Volatility

FEQIX vs. TAIFX - Volatility Comparison

Fidelity Equity-Income Fund (FEQIX) has a higher volatility of 2.84% compared to American Funds Tax-Aware Conservative Growth & Income Portfolio F1 (TAIFX) at 2.58%. This indicates that FEQIX's price experiences larger fluctuations and is considered to be riskier than TAIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQIX	TAIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.58%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	5.59%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	6.63%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	7.64%	+5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	8.18%	+7.32%

FEQIX vs. TAIFX - Expense Ratio Comparison

FEQIX has a 0.57% expense ratio, which is lower than TAIFX's 0.70% expense ratio.

Dividends

FEQIX vs. TAIFX - Dividend Comparison

FEQIX's dividend yield for the trailing twelve months is around 4.60%, less than TAIFX's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQIX Fidelity Equity-Income Fund	4.60%	4.67%	5.51%	4.26%	4.56%	9.90%	3.38%	7.16%	9.76%	6.29%	4.28%	12.17%
TAIFX American Funds Tax-Aware Conservative Growth & Income Portfolio F1	5.13%	5.50%	5.11%	4.25%	4.32%	2.40%	2.60%	3.72%	4.52%	4.08%	3.57%	3.41%

Frequently Asked Questions

Can I hold both FEQIX and TAIFX in my portfolio?

FEQIX and TAIFX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEQIX or TAIFX?

FEQIX has higher volatility (2.84%) compared to TAIFX (2.58%). In terms of maximum drawdown, FEQIX dropped -62.38% vs TAIFX's -21.43%.

Which has better risk-adjusted returns?

FEQIX currently has the higher Sharpe Ratio (2.29 vs 2.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.