Correlation
The correlation between FETKX and FEQTX 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.
FETKX vs. FEQTX
Compare and contrast key facts about Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity Equity Dividend Income Fund (FEQTX).
FETKX is managed by Fidelity. It was launched on May 9, 2008. FEQTX is managed by Fidelity. It was launched on Aug 21, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FETKX or FEQTX.
Performance
FETKX vs. FEQTX - Performance Comparison
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Key characteristics
FETKX:
0.68
FEQTX:
0.68
FETKX:
1.00
FEQTX:
0.99
FETKX:
1.14
FEQTX:
1.14
FETKX:
0.71
FEQTX:
0.70
FETKX:
2.41
FEQTX:
2.37
FETKX:
3.90%
FEQTX:
3.91%
FETKX:
14.41%
FEQTX:
14.40%
FETKX:
-56.50%
FEQTX:
-60.72%
FETKX:
-4.21%
FEQTX:
-4.27%
Returns By Period
The year-to-date returns for both stocks are quite close, with FETKX having a 2.12% return and FEQTX slightly lower at 2.08%. Both investments have delivered pretty close results over the past 10 years, with FETKX having a 8.83% annualized return and FEQTX not far behind at 8.73%.
FETKX
2.12%
3.10%
-4.21%
7.79%
7.71%
13.34%
8.83%
FEQTX
2.08%
3.07%
-4.27%
7.67%
7.60%
13.23%
8.73%
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FETKX vs. FEQTX - Expense Ratio Comparison
FETKX has a 0.49% expense ratio, which is lower than FEQTX's 0.58% expense ratio.
Risk-Adjusted Performance
FETKX vs. FEQTX — Risk-Adjusted Performance Rank
FETKX
FEQTX
FETKX vs. FEQTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity Equity Dividend Income Fund (FEQTX). 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.
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Dividends
FETKX vs. FEQTX - Dividend Comparison
FETKX's dividend yield for the trailing twelve months is around 8.45%, which matches FEQTX's 8.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FETKX Fidelity Equity Dividend Income Fund Class K | 8.45% | 8.47% | 5.31% | 7.74% | 11.62% | 2.52% | 8.49% | 14.43% | 10.24% | 6.22% | 6.09% | 2.63% |
FEQTX Fidelity Equity Dividend Income Fund | 8.41% | 8.39% | 5.22% | 7.65% | 11.52% | 2.43% | 8.39% | 14.31% | 10.14% | 6.12% | 5.98% | 2.53% |
Drawdowns
FETKX vs. FEQTX - Drawdown Comparison
The maximum FETKX drawdown since its inception was -56.50%, smaller than the maximum FEQTX drawdown of -60.72%. Use the drawdown chart below to compare losses from any high point for FETKX and FEQTX.
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Volatility
FETKX vs. FEQTX - Volatility Comparison
Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity Equity Dividend Income Fund (FEQTX) have volatilities of 4.01% and 4.02%, 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.
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