FGRIX vs. FEQTX

Last updated Jun 4, 2026

FGRIX (Fidelity Growth & Income Portfolio) and FEQTX (Fidelity Equity Dividend Income Fund) are both Large Cap Value Equities funds from Fidelity. Over the past 10 years, FGRIX returned 14.33%/yr vs 9.94%/yr for FEQTX. Their correlation of 0.93 suggests significant overlap in exposure. FGRIX charges 0.57%/yr vs 0.58%/yr for FEQTX.

Performance

FGRIX vs. FEQTX - Performance Comparison

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

Returns By Period

In the year-to-date period, FGRIX achieves a 7.63% return, which is significantly lower than FEQTX's 8.54% return. Over the past 10 years, FGRIX has outperformed FEQTX with an annualized return of 14.33%, while FEQTX has yielded a comparatively lower 9.94% annualized return.

FGRIX

• 1D: -0.01%
• 1M: 2.58%
• YTD: 7.63%
• 6M: 9.20%
• 1Y: 23.41%
• 3Y*: 20.80%
• 5Y*: 13.55%
• 10Y*: 14.33%

FEQTX

• 1D: 0.31%
• 1M: 2.00%
• YTD: 8.54%
• 6M: 3.82%
• 1Y: 13.79%
• 3Y*: 13.10%
• 5Y*: 8.35%
• 10Y*: 9.94%

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

FGRIX vs. FEQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGRIX Fidelity Growth & Income Portfolio	7.63%	21.59%	22.10%	18.63%	-4.98%	25.84%	7.98%	30.22%	-8.94%	16.88%
FEQTX Fidelity Equity Dividend Income Fund	8.54%	7.29%	12.48%	11.61%	-1.05%	22.26%	1.84%	27.33%	-9.31%	13.24%

Correlation

The correlation between FGRIX and FEQTX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 22, 1990	0.93

Over the past year, the correlation between FGRIX and FEQTX has dropped to 0.73 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.

FGRIX vs. FEQTX - Sectors Allocation Comparison

Sectors	FGRIX	FEQTX
Technology	20.3%	15.2%
Industrials	17.7%	7.6%
Financial Services	16.7%	20.2%
Energy	13.0%	7.7%
Healthcare	11.8%	12.2%
Consumer Defensive	7.1%	11.1%
Communication Services	5.5%	6.9%
Consumer Cyclical	3.4%	8.3%
Utilities	2.5%	7.1%
Real Estate	1.1%	2.8%
Basic Materials	1.0%	0.8%

Return for Risk

FGRIX vs. FEQTX — Risk / Return Rank

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

FGRIX

FGRIX Risk / Return Rank: 58
FGRIX Sharpe Ratio Rank: 59
FGRIX Sortino Ratio Rank: 57
FGRIX Omega Ratio Rank: 56
FGRIX Calmar Ratio Rank: 56
FGRIX Martin Ratio Rank: 61

FEQTX

FEQTX Risk / Return Rank: 21
FEQTX Sharpe Ratio Rank: 18
FEQTX Sortino Ratio Rank: 15
FEQTX Omega Ratio Rank: 21
FEQTX Calmar Ratio Rank: 27
FEQTX Martin Ratio Rank: 23

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.

FGRIX vs. FEQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) 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.

	FGRIX	FEQTX	Difference
Sharpe ratio Return per unit of total volatility	2.27	1.22	+1.05
Sortino ratio Return per unit of downside risk	3.18	1.64	+1.54
Omega ratio Gain probability vs. loss probability	1.42	1.24	+0.18
Calmar ratio Return relative to maximum drawdown	2.89	1.95	+0.94
Martin ratio Return relative to average drawdown	12.11	5.85	+6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRIX vs. FEQTX - Sharpe Ratio Comparison

The current FGRIX Sharpe Ratio is 2.27, which is higher than the FEQTX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of FGRIX 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.

Sharpe Ratios by Period

	FGRIX	FEQTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	1.22	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.61	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.60	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.56	+0.03

Drawdowns

FGRIX vs. FEQTX - Drawdown Comparison

The maximum FGRIX drawdown since its inception was -67.10%, which is greater than FEQTX's maximum drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for FGRIX and FEQTX.

Drawdown Indicators

	FGRIX	FEQTX	Difference
Max Drawdown Largest peak-to-trough decline	-67.10%	-60.86%	-6.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-7.39%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	-13.25%	-3.17%
Max Drawdown (5Y) Largest decline over 5 years	-19.26%	-16.12%	-3.14%
Max Drawdown (10Y) Largest decline over 10 years	-35.63%	-39.16%	+3.53%
Current Drawdown Current decline from peak	-0.01%	-0.09%	+0.08%
Average Drawdown Average peak-to-trough decline	-10.12%	-7.21%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.45%	-0.46%

Volatility

FGRIX vs. FEQTX - Volatility Comparison

Fidelity Growth & Income Portfolio (FGRIX) and Fidelity Equity Dividend Income Fund (FEQTX) have volatilities of 2.36% and 2.28%, 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

	FGRIX	FEQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.28%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	9.39%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	11.77%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	13.75%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	16.59%	+0.86%

FGRIX vs. FEQTX - Expense Ratio Comparison

FGRIX has a 0.57% expense ratio, which is lower than FEQTX's 0.58% expense ratio.

Dividends

FGRIX vs. FEQTX - Dividend Comparison

FGRIX's dividend yield for the trailing twelve months is around 9.10%, more than 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%
FGRIX Fidelity Growth & Income Portfolio	9.10%	9.78%	6.80%	3.93%	3.43%	6.02%	3.61%	2.85%	3.39%	1.52%	1.80%	2.08%

Frequently Asked Questions

Can I hold both FGRIX and FEQTX in my portfolio?

FGRIX and FEQTX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRIX or FEQTX?

FGRIX has higher volatility (2.36%) compared to FEQTX (2.28%). In terms of maximum drawdown, FGRIX dropped -67.10% vs FEQTX's -60.86%.

Which has better risk-adjusted returns?

FGRIX currently has the higher Sharpe Ratio (2.27 vs 1.22), 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.