FEQTX vs. NFJEX

Last updated Jul 17, 2026

FEQTX (Fidelity Equity Dividend Income Fund) and NFJEX (Virtus NFJ Dividend Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, FEQTX returned 10.00%/yr vs 9.82%/yr for NFJEX. Their correlation of 0.92 suggests significant overlap in exposure. FEQTX charges 0.53%/yr vs 0.70%/yr for NFJEX.

Performance

FEQTX vs. NFJEX - Performance Comparison

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

Returns By Period

In the year-to-date period, FEQTX achieves a 12.28% return, which is significantly lower than NFJEX's 22.28% return. Both investments have delivered pretty close results over the past 10 years, with FEQTX having a 10.00% annualized return and NFJEX not far behind at 9.82%.

FEQTX

• 1D: 0.03%
• 1M: 1.46%
• 6M: 8.94%
• YTD: 12.28%
• 1Y: 14.64%
• 3Y*: 12.83%
• 5Y*: 9.51%
• 10Y*: 10.00%

NFJEX

• 1D: 0.49%
• 1M: 2.10%
• 6M: 17.96%
• YTD: 22.28%
• 1Y: 30.62%
• 3Y*: 14.97%
• 5Y*: 9.87%
• 10Y*: 9.82%

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

FEQTX vs. NFJEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEQTX Fidelity Equity Dividend Income Fund	12.28%	7.29%	12.48%	11.61%	-1.05%	22.26%	1.84%	27.33%	-9.31%	13.24%
NFJEX Virtus NFJ Dividend Value Fund	22.28%	8.46%	5.29%	19.79%	-13.63%	28.90%	-2.13%	25.12%	-10.15%	15.49%

Correlation

The correlation between FEQTX and NFJEX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 8, 2000	0.92

The correlation between FEQTX and NFJEX shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEQTX vs. NFJEX — Risk / Return Rank

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

FEQTX

FEQTX Risk / Return Rank: 37
FEQTX Sharpe Ratio Rank: 35
FEQTX Sortino Ratio Rank: 30
FEQTX Omega Ratio Rank: 39
FEQTX Calmar Ratio Rank: 45
FEQTX Martin Ratio Rank: 36

NFJEX

NFJEX Risk / Return Rank: 88
NFJEX Sharpe Ratio Rank: 87
NFJEX Sortino Ratio Rank: 86
NFJEX Omega Ratio Rank: 81
NFJEX Calmar Ratio Rank: 93
NFJEX Martin Ratio Rank: 91

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. NFJEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund (FEQTX) and Virtus NFJ Dividend Value Fund (NFJEX). 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.

	FEQTX	NFJEX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.39	-1.08
Sortino ratio: Return per unit of downside risk	1.75	3.45	-1.70
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.17
Calmar ratio: Return relative to maximum drawdown	2.07	4.23	-2.16
Martin ratio: Return relative to average drawdown	6.29	14.53	-8.23

FEQTX vs. NFJEX - Sharpe Ratio Comparison

The current FEQTX Sharpe Ratio is 1.31, which is lower than the NFJEX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FEQTX and NFJEX, 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

FEQTX vs. NFJEX - Drawdown Comparison

The maximum FEQTX drawdown since its inception was -60.86%, roughly equal to the maximum NFJEX drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for FEQTX and NFJEX.

Drawdown Indicators

	FEQTX	NFJEX	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-61.94%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-7.38%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-19.69%	+6.44%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-23.29%	+7.17%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-39.25%	+0.09%
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-7.19%	-9.57%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	2.15%	+0.28%

Volatility

FEQTX vs. NFJEX - Volatility Comparison

Fidelity Equity Dividend Income Fund (FEQTX) has a higher volatility of 2.67% compared to Virtus NFJ Dividend Value Fund (NFJEX) at 2.24%. This indicates that FEQTX's price experiences larger fluctuations and is considered to be riskier than NFJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEQTX	NFJEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.24%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	9.64%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	13.19%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.70%	16.55%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	18.04%	-1.52%

FEQTX vs. NFJEX - Expense Ratio Comparison

FEQTX has a 0.53% expense ratio, which is lower than NFJEX's 0.70% expense ratio.

Dividends

FEQTX vs. NFJEX - Dividend Comparison

FEQTX's dividend yield for the trailing twelve months is around 1.43%, less than NFJEX's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQTX Fidelity Equity Dividend Income Fund	1.43%	1.59%	8.39%	5.22%	7.65%	11.52%	2.43%	8.39%	14.31%	9.40%	6.12%	5.98%
NFJEX Virtus NFJ Dividend Value Fund	10.07%	12.61%	3.51%	14.16%	19.01%	6.43%	1.96%	14.20%	27.33%	27.35%	6.05%	2.77%

Frequently Asked Questions

Can I hold both FEQTX and NFJEX in my portfolio?

FEQTX and NFJEX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEQTX or NFJEX?

FEQTX has higher volatility (2.67%) compared to NFJEX (2.24%). In terms of maximum drawdown, FEQTX dropped -60.86% vs NFJEX's -61.94%.

Which has better risk-adjusted returns?

NFJEX currently has the higher Sharpe Ratio (2.39 vs 1.31), 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.