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.
Key characteristics
| FEQTX | SPY | |
|---|---|---|
| YTD Return | 14.31% | 21.27% |
| 1Y Return | 25.64% | 34.36% |
| 3Y Return (Ann) | 8.99% | 8.94% |
| 5Y Return (Ann) | 10.79% | 15.07% |
| 10Y Return (Ann) | 8.82% | 13.00% |
| Sharpe Ratio | 2.70 | 3.04 |
| Sortino Ratio | 3.91 | 4.03 |
| Omega Ratio | 1.49 | 1.57 |
| Calmar Ratio | 3.97 | 4.39 |
| Martin Ratio | 15.82 | 20.00 |
| Ulcer Index | 1.77% | 1.85% |
| Daily Std Dev | 10.37% | 12.15% |
| Max Drawdown | -60.57% | -55.19% |
| Current Drawdown | -3.08% | -2.32% |
Correlation
The correlation between FEQTX and SPY is 0.89, 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
In the year-to-date period, FEQTX achieves a 14.31% return, which is significantly lower than SPY's 21.27% return. Over the past 10 years, FEQTX has underperformed SPY with an annualized return of 8.82%, while SPY has yielded a comparatively higher 13.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.80%, more than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEQTX Fidelity Equity Dividend Income Fund | 4.80% | 5.22% | 7.65% | 11.52% | 2.43% | 8.39% | 14.31% | 10.14% | 6.12% | 2.74% | 2.53% | 1.89% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.28%. 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.