FETKX vs. FBLEX

Last updated Aug 2, 2026

FETKX (Fidelity Equity Dividend Income Fund Class K) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FETKX returned 10.35%/yr vs 12.31%/yr for FBLEX. Their 0.96 correlation means they have historically moved very closely together. FETKX charges 0.49%/yr vs 0.01%/yr for FBLEX.

Performance

FETKX vs. FBLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FETKX having a 14.42% return and FBLEX slightly higher at 14.47%. Over the past 10 years, FETKX has underperformed FBLEX with an annualized return of 10.35%, while FBLEX has yielded a comparatively higher 12.31% annualized return.

FETKX

• 1D: -0.33%
• 1M: 1.95%
• 6M: 10.23%
• YTD: 14.42%
• 1Y: 18.80%
• 3Y*: 12.67%
• 5Y*: 9.84%
• 10Y*: 10.35%
• ALL TIME*: 7.95%

FBLEX

• 1D: 0.44%
• 1M: 2.42%
• 6M: 10.88%
• YTD: 14.47%
• 1Y: 27.48%
• 3Y*: 18.37%
• 5Y*: 12.98%
• 10Y*: 12.31%
• ALL TIME*: 12.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	$0.00	$0.00	$0.00
FETKX Fidelity Equity Dividend Income Fund Class K	$0.00	$0.00	$0.00

FETKX vs. FBLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FETKX Fidelity Equity Dividend Income Fund Class K	14.42%	7.33%	12.57%	11.71%	-0.93%	22.32%	1.95%	27.40%	-9.22%	13.32%
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	14.47%	17.06%	18.04%	15.60%	-4.82%	26.83%	4.34%	25.57%	-9.04%	12.38%

Correlation

The correlation between FETKX and FBLEX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012	0.96

The correlation between FETKX and FBLEX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

FETKX vs. FBLEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FETKX

FETKX Risk / Return Rank: 55
FETKX Sharpe Ratio Rank: 53
FETKX Sortino Ratio Rank: 45
FETKX Omega Ratio Rank: 59
FETKX Calmar Ratio Rank: 67
FETKX Martin Ratio Rank: 50

FBLEX

FBLEX Risk / Return Rank: 90
FBLEX Sharpe Ratio Rank: 91
FBLEX Sortino Ratio Rank: 89
FBLEX Omega Ratio Rank: 85
FBLEX Calmar Ratio Rank: 92
FBLEX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FETKX vs. FBLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.

	FETKX	FBLEX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.29	-0.88
Sortino ratio: Return per unit of downside risk	1.88	3.28	-1.40
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	2.25	3.62	-1.37
Martin ratio: Return relative to average drawdown	7.00	15.00	-8.00

FETKX vs. FBLEX - Sharpe Ratio Comparison

The current FETKX Sharpe Ratio is 1.41, which is lower than the FBLEX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of FETKX and FBLEX, 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

FETKX vs. FBLEX - Drawdown Comparison

The maximum FETKX drawdown since its inception was -56.51%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for FETKX and FBLEX.

Drawdown Indicators

	FETKX	FBLEX	Difference
Max Drawdown Largest peak-to-trough decline	-56.51%	-39.73%	-16.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-6.89%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-13.22%	-14.71%	+1.49%
Max Drawdown (5Y) Largest decline over 5 years	-16.07%	-19.00%	+2.93%
Max Drawdown (10Y) Largest decline over 10 years	-39.14%	-39.73%	+0.59%
Current Drawdown Current decline from peak	-1.12%	-0.74%	-0.38%
Average Drawdown Average peak-to-trough decline	-7.46%	-3.79%	-3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.67%	+0.72%

Volatility

FETKX vs. FBLEX - Volatility Comparison

Fidelity Equity Dividend Income Fund Class K (FETKX) has a higher volatility of 3.27% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.10%. This indicates that FETKX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FETKX	FBLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.10%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	8.23%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	10.91%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.71%	14.74%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	17.34%	-0.80%

FETKX vs. FBLEX - Expense Ratio Comparison

FETKX has a 0.49% expense ratio, which is higher than FBLEX's 0.01% expense ratio.

Dividends

FETKX vs. FBLEX - Dividend Comparison

FETKX's dividend yield for the trailing twelve months is around 1.45%, less than FBLEX's 9.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	9.70%	9.95%	12.63%	5.05%	12.66%	14.51%	3.85%	5.65%	10.97%	7.09%	2.47%	13.81%
FETKX Fidelity Equity Dividend Income Fund Class K	1.45%	1.56%	8.47%	5.31%	7.74%	11.62%	2.52%	8.49%	14.43%	9.47%	6.22%	6.09%

Frequently Asked Questions

Can I hold both FETKX and FBLEX in my portfolio?

FETKX and FBLEX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FETKX or FBLEX?

FETKX has higher volatility (3.27%) compared to FBLEX (3.10%). In terms of maximum drawdown, FETKX dropped -56.51% vs FBLEX's -39.73%.

Which has better risk-adjusted returns?

FBLEX currently has the higher Sharpe Ratio (2.29 vs 1.41), 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.