FEQTX vs. VIG

Last updated Jun 3, 2026

FEQTX (Fidelity Equity Dividend Income Fund) and VIG (Vanguard Dividend Appreciation ETF) are both funds - FEQTX is a Large Cap Value Equities fund managed by Fidelity, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Over the past 10 years, FEQTX returned 9.91%/yr vs 13.25%/yr for VIG. Their correlation of 0.90 suggests significant overlap in exposure. FEQTX charges 0.58%/yr vs 0.04%/yr for VIG.

Performance

FEQTX vs. VIG - Performance Comparison

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

Returns By Period

In the year-to-date period, FEQTX achieves a 8.20% return, which is significantly higher than VIG's 7.77% return. Over the past 10 years, FEQTX has underperformed VIG with an annualized return of 9.91%, while VIG has yielded a comparatively higher 13.25% annualized return.

FEQTX

• 1D: -0.09%
• 1M: 0.82%
• YTD: 8.20%
• 6M: 4.47%
• 1Y: 13.92%
• 3Y*: 12.98%
• 5Y*: 8.33%
• 10Y*: 9.91%

VIG

• 1D: 0.76%
• 1M: 3.28%
• YTD: 7.77%
• 6M: 7.94%
• 1Y: 20.63%
• 3Y*: 16.56%
• 5Y*: 10.78%
• 10Y*: 13.25%

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

FEQTX vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEQTX Fidelity Equity Dividend Income Fund	8.20%	7.29%	12.48%	11.61%	-1.05%	22.26%	1.84%	27.33%	-9.31%	13.24%
VIG Vanguard Dividend Appreciation ETF	7.77%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between FEQTX and VIG is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006	0.90

The correlation between FEQTX and VIG shifts across timeframes, from 0.80 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

FEQTX vs. VIG - Sectors Allocation Comparison

Sectors	FEQTX	VIG
Financial Services	20.2%	20.6%
Technology	15.2%	26.2%
Healthcare	12.2%	16.5%
Consumer Defensive	11.1%	10.1%
Consumer Cyclical	8.3%	4.7%
Energy	7.7%	3.5%
Industrials	7.6%	11.8%
Utilities	7.1%	3.2%
Communication Services	6.9%	0.5%
Real Estate	2.8%	-
Basic Materials	0.8%	3.5%

Return for Risk

FEQTX vs. VIG — Risk / Return Rank

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

FEQTX

FEQTX Risk / Return Rank: 19
FEQTX Sharpe Ratio Rank: 16
FEQTX Sortino Ratio Rank: 14
FEQTX Omega Ratio Rank: 18
FEQTX Calmar Ratio Rank: 26
FEQTX Martin Ratio Rank: 22

VIG

VIG Risk / Return Rank: 60
VIG Sharpe Ratio Rank: 61
VIG Sortino Ratio Rank: 64
VIG Omega Ratio Rank: 60
VIG Calmar Ratio Rank: 53
VIG Martin Ratio Rank: 60

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. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund (FEQTX) and Vanguard Dividend Appreciation ETF (VIG). 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	VIG	Difference
Sharpe ratio Return per unit of total volatility	1.18	2.07	-0.90
Sortino ratio Return per unit of downside risk	1.59	3.01	-1.43
Omega ratio Gain probability vs. loss probability	1.23	1.37	-0.14
Calmar ratio Return relative to maximum drawdown	1.95	2.67	-0.73
Martin ratio Return relative to average drawdown	5.88	10.82	-4.94
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. VIG - Sharpe Ratio Comparison

The current FEQTX Sharpe Ratio is 1.18, which is lower than the VIG Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of FEQTX and VIG, 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	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.07	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.76	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.83	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.60	-0.04

Drawdowns

FEQTX vs. VIG - Drawdown Comparison

The maximum FEQTX drawdown since its inception was -60.86%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for FEQTX and VIG.

Drawdown Indicators

	FEQTX	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-46.81%	-14.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-7.91%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-14.95%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-20.39%	+4.27%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-31.72%	-7.44%
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-7.21%	-5.52%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	1.96%	+0.49%

Volatility

FEQTX vs. VIG - Volatility Comparison

Fidelity Equity Dividend Income Fund (FEQTX) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 2.34% and 2.32%, 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	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	2.32%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	7.64%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	10.01%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	14.23%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	16.05%	+0.54%

FEQTX vs. VIG - Expense Ratio Comparison

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

Dividends

FEQTX vs. VIG - Dividend Comparison

FEQTX's dividend yield for the trailing twelve months is around 1.46%, which matches VIG's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQTX Fidelity Equity Dividend Income Fund	1.46%	1.59%	8.39%	5.22%	7.65%	11.52%	2.43%	8.39%	14.31%	9.40%	6.12%	5.98%
VIG Vanguard Dividend Appreciation ETF	1.46%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both FEQTX and VIG in my portfolio?

FEQTX and VIG have a correlation of 0.80, 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 VIG?

FEQTX has higher volatility (2.34%) compared to VIG (2.32%). In terms of maximum drawdown, FEQTX dropped -60.86% vs VIG's -46.81%.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (2.07 vs 1.18), 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.