FEQTX vs. FETKX

Last updated Jun 4, 2026

FEQTX (Fidelity Equity Dividend Income Fund) and FETKX (Fidelity Equity Dividend Income Fund Class K) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FEQTX returned 9.94%/yr vs 10.04%/yr for FETKX. With a 1.00 correlation, they move nearly in lockstep. FEQTX charges 0.58%/yr vs 0.49%/yr for FETKX.

Performance

FEQTX vs. FETKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity Dividend Income Fund (FEQTX) and Fidelity Equity Dividend Income Fund Class K (FETKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FEQTX having a 8.54% return and FETKX slightly higher at 8.59%. Both investments have delivered pretty close results over the past 10 years, with FEQTX having a 9.94% annualized return and FETKX not far ahead at 10.04%.

FEQTX

• 1D: 0.31%
• 1M: 2.00%
• YTD: 8.54%
• 6M: 3.82%
• 1Y: 13.79%
• 3Y*: 13.10%
• 5Y*: 8.35%
• 10Y*: 9.94%

FETKX

• 1D: 0.31%
• 1M: 2.03%
• YTD: 8.59%
• 6M: 3.84%
• 1Y: 13.89%
• 3Y*: 13.17%
• 5Y*: 8.44%
• 10Y*: 10.04%

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

FEQTX vs. FETKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEQTX Fidelity Equity Dividend Income Fund	8.54%	7.29%	12.48%	11.61%	-1.05%	22.26%	1.84%	27.33%	-9.31%	13.24%
FETKX Fidelity Equity Dividend Income Fund Class K	8.59%	7.33%	12.57%	11.71%	-0.93%	22.32%	1.95%	27.40%	-9.22%	13.32%

Correlation

The correlation between FEQTX and FETKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 16, 2008	1.00

The correlation between FEQTX and FETKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

FEQTX vs. FETKX - Sectors Allocation Comparison

Sectors	FEQTX	FETKX
Financial Services	20.2%	20.2%
Technology	15.2%	15.2%
Healthcare	12.2%	12.2%
Consumer Defensive	11.1%	11.1%
Consumer Cyclical	8.3%	8.3%
Energy	7.7%	7.7%
Industrials	7.6%	7.6%
Utilities	7.1%	7.1%
Communication Services	6.9%	6.9%
Real Estate	2.8%	2.8%
Basic Materials	0.8%	0.8%

Return for Risk

FEQTX vs. FETKX — Risk / Return Rank

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

FEQTX

FEQTX Risk / Return Rank: 21
FEQTX Sharpe Ratio Rank: 18
FEQTX Sortino Ratio Rank: 15
FEQTX Omega Ratio Rank: 21
FEQTX Calmar Ratio Rank: 27
FEQTX Martin Ratio Rank: 23

FETKX

FETKX Risk / Return Rank: 21
FETKX Sharpe Ratio Rank: 18
FETKX Sortino Ratio Rank: 16
FETKX Omega Ratio Rank: 21
FETKX Calmar Ratio Rank: 28
FETKX Martin Ratio Rank: 23

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.

FEQTX vs. FETKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund (FEQTX) and Fidelity Equity Dividend Income Fund Class K (FETKX). 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.

	FEQTX	FETKX	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.23	0.00
Sortino ratio: Return per unit of downside risk	1.64	1.65	0.00
Omega ratio: Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	1.95	1.95	-0.01
Martin ratio: Return relative to average drawdown	5.85	5.88	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEQTX vs. FETKX - Sharpe Ratio Comparison

The current FEQTX Sharpe Ratio is 1.22, which is comparable to the FETKX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of FEQTX and FETKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEQTX	FETKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.23	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.62	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.61	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.38	+0.17

Drawdowns

FEQTX vs. FETKX - Drawdown Comparison

The maximum FEQTX drawdown since its inception was -60.86%, which is greater than FETKX's maximum drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for FEQTX and FETKX.

Drawdown Indicators

	FEQTX	FETKX	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-56.51%	-4.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-7.41%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-13.22%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-16.07%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-39.14%	-0.02%
Current Drawdown Current decline from peak	-0.09%	-0.06%	-0.03%
Average Drawdown Average peak-to-trough decline	-7.21%	-7.53%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.45%	0.00%

Volatility

FEQTX vs. FETKX - Volatility Comparison

Fidelity Equity Dividend Income Fund (FEQTX) and Fidelity Equity Dividend Income Fund Class K (FETKX) have volatilities of 2.28% and 2.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQTX	FETKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	2.29%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	9.43%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	11.82%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	13.77%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	16.59%	0.00%

FEQTX vs. FETKX - Expense Ratio Comparison

FEQTX has a 0.58% expense ratio, which is higher than FETKX's 0.49% expense ratio.

Dividends

FEQTX vs. FETKX - Dividend Comparison

FEQTX's dividend yield for the trailing twelve months is around 1.45%, less than FETKX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQTX Fidelity Equity Dividend Income Fund	1.45%	1.59%	8.39%	5.22%	7.65%	11.52%	2.43%	8.39%	14.31%	9.40%	6.12%	5.98%
FETKX Fidelity Equity Dividend Income Fund Class K	1.47%	1.56%	8.47%	5.31%	7.74%	11.62%	2.52%	8.49%	14.43%	9.47%	6.22%	6.09%

Frequently Asked Questions

Can I hold both FEQTX and FETKX in my portfolio?

With a correlation of 1.00, FEQTX and FETKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEQTX or FETKX?

FETKX has higher volatility (2.29%) compared to FEQTX (2.28%). In terms of maximum drawdown, FEQTX dropped -60.86% vs FETKX's -56.51%.

Which has better risk-adjusted returns?

FETKX currently has the higher Sharpe Ratio (1.23 vs 1.22), 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.