FXAIX vs. PQIAX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Principal Equity Income Fund (PQIAX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. PQIAX is managed by Principal. It was launched on May 31, 1939.
Performance
FXAIX vs. PQIAX - Performance Comparison
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Returns By Period
In the year-to-date period, FXAIX achieves a -3.53% return, which is significantly lower than PQIAX's 2.53% return. Over the past 10 years, FXAIX has outperformed PQIAX with an annualized return of 14.21%, while PQIAX has yielded a comparatively lower 12.14% annualized return.
FXAIX
- 1D
- 0.12%
- 1M
- -3.52%
- YTD
- -3.53%
- 6M
- -1.39%
- 1Y
- 31.33%
- 3Y*
- 18.49%
- 5Y*
- 11.97%
- 10Y*
- 14.21%
PQIAX
- 1D
- 0.26%
- 1M
- -1.82%
- YTD
- 2.53%
- 6M
- 5.40%
- 1Y
- 28.00%
- 3Y*
- 18.24%
- 5Y*
- 10.68%
- 10Y*
- 12.14%
FXAIX vs. PQIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -3.53% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
PQIAX Principal Equity Income Fund | 2.53% | 15.29% | 26.56% | 10.77% | -10.82% | 21.88% | 6.12% | 28.44% | -5.44% | 20.53% |
Correlation
The correlation between FXAIX and PQIAX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
FXAIX vs. PQIAX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than PQIAX's 0.86% expense ratio.
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Return for Risk
FXAIX vs. PQIAX — Risk / Return Rank
FXAIX
PQIAX
FXAIX vs. PQIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Principal Equity Income Fund (PQIAX). 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.
| FXAIX | PQIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.08 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.60 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.48 | +0.03 |
Martin ratioReturn relative to average drawdown | 7.11 | 6.63 | +0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | PQIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.08 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.70 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.74 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.41 | +0.35 |
Drawdowns
FXAIX vs. PQIAX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum PQIAX drawdown of -54.68%. Use the drawdown chart below to compare losses from any high point for FXAIX and PQIAX.
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Drawdown Indicators
| FXAIX | PQIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -54.68% | +20.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -7.07% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -21.22% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -37.67% | +3.88% |
Current DrawdownCurrent decline from peak | -5.44% | -4.50% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -7.04% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.63% | -0.06% |
Volatility
FXAIX vs. PQIAX - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) has a higher volatility of 5.29% compared to Principal Equity Income Fund (PQIAX) at 3.99%. This indicates that FXAIX's price experiences larger fluctuations and is considered to be riskier than PQIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | PQIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.99% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 8.15% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 15.54% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 15.27% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 16.40% | +1.65% |
Dividends
FXAIX vs. PQIAX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.15%, less than PQIAX's 9.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 0.89% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
PQIAX Principal Equity Income Fund | 9.70% | 9.92% | 20.62% | 2.58% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% |