FEQTX vs. SPY
Compare and contrast key facts about Fidelity Equity Dividend Income Fund (FEQTX) and SPDR S&P 500 ETF (SPY).
FEQTX is managed by Fidelity. It was launched on Aug 21, 1990. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEQTX or SPY.
Correlation
The correlation between FEQTX and SPY is 0.88, 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
FEQTX vs. SPY - Performance Comparison
Key characteristics
FEQTX:
0.62
SPY:
1.75
FEQTX:
0.88
SPY:
2.36
FEQTX:
1.12
SPY:
1.32
FEQTX:
0.56
SPY:
2.66
FEQTX:
1.64
SPY:
11.01
FEQTX:
4.32%
SPY:
2.03%
FEQTX:
11.41%
SPY:
12.77%
FEQTX:
-60.57%
SPY:
-55.19%
FEQTX:
-8.59%
SPY:
-2.12%
Returns By Period
In the year-to-date period, FEQTX achieves a 3.16% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, FEQTX has underperformed SPY with an annualized return of 3.08%, while SPY has yielded a comparatively higher 12.96% annualized return.
FEQTX
3.16%
0.90%
-3.72%
5.97%
5.04%
3.08%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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FEQTX vs. SPY - Expense Ratio Comparison
FEQTX has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FEQTX vs. SPY — Risk-Adjusted Performance Rank
FEQTX
SPY
FEQTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund (FEQTX) and SPDR S&P 500 ETF (SPY). 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
FEQTX vs. SPY - Dividend Comparison
FEQTX's dividend yield for the trailing twelve months is around 2.43%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQTX Fidelity Equity Dividend Income Fund | 2.43% | 2.51% | 2.59% | 2.34% | 2.20% | 2.38% | 2.58% | 2.95% | 2.30% | 1.92% | 2.74% | 2.53% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FEQTX vs. SPY - Drawdown Comparison
The maximum FEQTX drawdown since its inception was -60.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FEQTX and SPY. For additional features, visit the drawdowns tool.
Volatility
FEQTX vs. SPY - Volatility Comparison
The current volatility for Fidelity Equity Dividend Income Fund (FEQTX) is 2.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that FEQTX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.