FETKX vs. FEQTX

Last updated Jun 24, 2026

FETKX (Fidelity Equity Dividend Income Fund Class K) and FEQTX (Fidelity Equity Dividend Income Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FETKX returned 10.37%/yr vs 10.28%/yr for FEQTX. With a 1.00 correlation, they move nearly in lockstep. FETKX charges 0.49%/yr vs 0.58%/yr for FEQTX.

Performance

FETKX vs. FEQTX - 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 Equity Dividend Income Fund (FEQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FETKX having a 9.03% return and FEQTX slightly lower at 8.98%. Both investments have delivered pretty close results over the past 10 years, with FETKX having a 10.37% annualized return and FEQTX not far behind at 10.28%.

FETKX

• 1D: -0.03%
• 1M: 0.47%
• YTD: 9.03%
• 6M: 2.31%
• 1Y: 13.12%
• 3Y*: 13.05%
• 5Y*: 9.08%
• 10Y*: 10.37%

FEQTX

• 1D: -0.03%
• 1M: 0.47%
• YTD: 8.98%
• 6M: 2.30%
• 1Y: 13.03%
• 3Y*: 12.96%
• 5Y*: 9.00%
• 10Y*: 10.28%

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

FETKX vs. FEQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FETKX Fidelity Equity Dividend Income Fund Class K	9.03%	7.33%	12.57%	11.71%	-0.93%	22.32%	1.95%	27.40%	-9.22%	13.32%
FEQTX Fidelity Equity Dividend Income Fund	8.98%	7.29%	12.48%	11.61%	-1.05%	22.26%	1.84%	27.33%	-9.31%	13.24%

Correlation

The correlation between FETKX and FEQTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 15, 2008	1.00

The correlation between FETKX and FEQTX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

FETKX vs. FEQTX - Sectors Allocation Comparison

Sectors	FETKX	FEQTX
Financial Services	20.7%	20.7%
Technology	16.2%	16.2%
Healthcare	11.9%	11.9%
Consumer Defensive	11.1%	11.1%
Consumer Cyclical	7.9%	7.9%
Industrials	7.8%	7.8%
Energy	7.5%	7.5%
Communication Services	7.1%	7.1%
Utilities	6.0%	6.0%
Real Estate	3.1%	3.1%
Basic Materials	0.8%	0.8%

Return for Risk

FETKX vs. FEQTX — Risk / Return Rank

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

FETKX

FETKX Risk / Return Rank: 23
FETKX Sharpe Ratio Rank: 21
FETKX Sortino Ratio Rank: 17
FETKX Omega Ratio Rank: 23
FETKX Calmar Ratio Rank: 30
FETKX Martin Ratio Rank: 26

FEQTX

FEQTX Risk / Return Rank: 23
FEQTX Sharpe Ratio Rank: 20
FEQTX Sortino Ratio Rank: 17
FEQTX Omega Ratio Rank: 22
FEQTX Calmar Ratio Rank: 29
FEQTX Martin Ratio Rank: 26

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.

FETKX vs. FEQTX - 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 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.

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	FEQTX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.19	0.00
Sortino ratio: Return per unit of downside risk	1.61	1.60	0.00
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.91	1.91	+0.01
Martin ratio: Return relative to average drawdown	5.76	5.73	+0.03

FETKX vs. FEQTX - Sharpe Ratio Comparison

The current FETKX Sharpe Ratio is 1.19, which is comparable to the FEQTX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FETKX and FEQTX, 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. FEQTX - Drawdown Comparison

The maximum FETKX drawdown since its inception was -56.51%, smaller than the maximum FEQTX drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for FETKX and FEQTX.

Drawdown Indicators

	FETKX	FEQTX	Difference
Max Drawdown Largest peak-to-trough decline	-56.51%	-60.86%	+4.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-7.39%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.22%	-13.25%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-16.07%	-16.12%	+0.05%
Max Drawdown (10Y) Largest decline over 10 years	-39.14%	-39.16%	+0.02%
Current Drawdown Current decline from peak	-1.53%	-1.53%	0.00%
Average Drawdown Average peak-to-trough decline	-7.50%	-7.20%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.45%	0.00%

Volatility

FETKX vs. FEQTX - Volatility Comparison

Fidelity Equity Dividend Income Fund Class K (FETKX) and Fidelity Equity Dividend Income Fund (FEQTX) have volatilities of 2.79% and 2.79%, 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

	FETKX	FEQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.79%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	9.52%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	11.90%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	13.73%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	16.60%	0.00%

FETKX vs. FEQTX - Expense Ratio Comparison

FETKX has a 0.49% expense ratio, which is lower than FEQTX's 0.58% expense ratio.

Dividends

FETKX vs. FEQTX - Dividend Comparison

FETKX's dividend yield for the trailing twelve months is around 1.46%, which matches FEQTX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQTX Fidelity Equity Dividend Income Fund	1.45%	1.59%	8.39%	5.22%	7.65%	11.52%	2.43%	8.39%	14.31%	9.40%	6.12%	5.98%
FETKX Fidelity Equity Dividend Income Fund Class K	1.46%	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 FEQTX in my portfolio?

With a correlation of 1.00, FETKX and FEQTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FETKX or FEQTX?

FEQTX has higher volatility (2.79%) compared to FETKX (2.79%). In terms of maximum drawdown, FETKX dropped -56.51% vs FEQTX's -60.86%.

Which has better risk-adjusted returns?

FETKX currently has the higher Sharpe Ratio (1.19 vs 1.19), 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.