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FEQTX vs. SWLVX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FEQTX vs. SWLVX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Equity Dividend Income Fund (FEQTX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX).

FEQTX is managed by Fidelity. It was launched on Aug 21, 1990. SWLVX is managed by Charles Schwab. It was launched on Dec 20, 2017.

Performance

FEQTX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity Dividend Income Fund (FEQTX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

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FEQTX vs. SWLVX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEQTX
Fidelity Equity Dividend Income Fund		2.26%7.29%12.48%11.61%-1.05%22.26%1.84%27.33%-9.31%-0.41%
SWLVX
Schwab U.S. Large-Cap Value Index Fund		2.09%15.87%14.36%11.45%-7.61%25.15%2.64%26.49%-8.39%0.30%

Returns By Period

In the year-to-date period, FEQTX achieves a 2.26% return, which is significantly higher than SWLVX's 2.09% return.

FEQTX

1D
1.64%
1M
-5.45%
YTD
2.26%
6M
0.89%
1Y
6.20%
3Y*
10.81%
5Y*
8.53%
10Y*
9.69%

SWLVX

1D
2.15%
1M
-4.65%
YTD
2.09%
6M
5.83%
1Y
15.94%
3Y*
14.29%
5Y*
9.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Equity Dividend Income Fund

Schwab U.S. Large-Cap Value Index Fund

Often compared with FEQTX:
FEQTX vs. FDGFXFEQTX vs. SCHDFEQTX vs. FDVVFEQTX vs. FGRIXFEQTX vs. VIGFEQTX vs. FSKAXFEQTX vs. SPY
Often compared with SWLVX:
SWLVX vs. SCHDSWLVX vs. SWLGXSWLVX vs. SWPPXSWLVX vs. SFLNXSWLVX vs. FIOOXSWLVX vs. VRNIXSWLVX vs. VOOV

FEQTX vs. SWLVX - Expense Ratio Comparison

FEQTX has a 0.58% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

FEQTX
Fidelity Equity Dividend Income Fund
SWLVX
Schwab U.S. Large-Cap Value Index Fund

Return for Risk

FEQTX vs. SWLVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEQTX
FEQTX Risk / Return Rank: 1515
Overall Rank
FEQTX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
FEQTX Sortino Ratio Rank: 1212
Sortino Ratio Rank
FEQTX Omega Ratio Rank: 1313
Omega Ratio Rank
FEQTX Calmar Ratio Rank: 1717
Calmar Ratio Rank
FEQTX Martin Ratio Rank: 1818
Martin Ratio Rank
SWLVX
SWLVX Risk / Return Rank: 5757
Overall Rank
SWLVX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
SWLVX Sortino Ratio Rank: 5151
Sortino Ratio Rank
SWLVX Omega Ratio Rank: 5353
Omega Ratio Rank
SWLVX Calmar Ratio Rank: 5959
Calmar Ratio Rank
SWLVX Martin Ratio Rank: 7070
Martin Ratio Rank
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. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund (FEQTX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

FEQTXSWLVXDifference

Sharpe ratio

Return per unit of total volatility

0.39

1.01

-0.63

Sortino ratio

Return per unit of downside risk

0.61

1.47

-0.86

Omega ratio

Gain probability vs. loss probability

1.09

1.22

-0.13

Calmar ratio

Return relative to maximum drawdown

0.54

1.44

-0.90

Martin ratio

Return relative to average drawdown

1.95

6.76

-4.81

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. SWLVX - Sharpe Ratio Comparison

The current FEQTX Sharpe Ratio is 0.39, which is lower than the SWLVX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FEQTX and SWLVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FEQTXSWLVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.39

1.01

-0.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.62

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.50

+0.05

Correlation

The correlation between FEQTX and SWLVX is 0.96, 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.

Dividends

FEQTX vs. SWLVX - Dividend Comparison

FEQTX's dividend yield for the trailing twelve months is around 1.55%, less than SWLVX's 1.98% yield.

TTM20252024202320222021202020192018201720162015
FEQTX
Fidelity Equity Dividend Income Fund		1.55%1.59%8.39%5.22%7.65%11.52%2.43%8.39%14.31%9.40%6.12%5.98%
SWLVX
Schwab U.S. Large-Cap Value Index Fund		1.98%2.02%2.75%2.56%2.29%4.86%2.00%4.35%1.87%0.00%0.00%0.00%

Drawdowns

FEQTX vs. SWLVX - Drawdown Comparison

The maximum FEQTX drawdown since its inception was -60.86%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for FEQTX and SWLVX.

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Drawdown Indicators

FEQTXSWLVXDifference

Max Drawdown

Largest peak-to-trough decline

-60.86%

-38.34%

-22.52%

Max Drawdown (1Y)

Largest decline over 1 year

-10.95%

-11.82%

+0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-16.12%

-19.05%

+2.93%

Max Drawdown (10Y)

Largest decline over 10 years

-39.16%

—

—

Current Drawdown

Current decline from peak

-5.71%

-4.82%

-0.89%

Average Drawdown

Average peak-to-trough decline

-7.24%

-4.93%

-2.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

2.51%

+0.52%

Volatility

FEQTX vs. SWLVX - Volatility Comparison

The current volatility for Fidelity Equity Dividend Income Fund (FEQTX) is 3.74%, while Schwab U.S. Large-Cap Value Index Fund (SWLVX) has a volatility of 4.47%. This indicates that FEQTX experiences smaller price fluctuations and is considered to be less risky than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEQTXSWLVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

4.47%

-0.73%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

8.30%

+1.29%

Volatility (1Y)

Calculated over the trailing 1-year period

15.39%

15.74%

-0.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.76%

14.85%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

18.67%

-2.07%