HDCTX vs. FBLEX
HDCTX (Rational Equity Armor Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, HDCTX returned 5.01%/yr vs 12.42%/yr for FBLEX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. HDCTX charges 1.17%/yr vs 0.01%/yr for FBLEX.
Performance
HDCTX vs. FBLEX - Performance Comparison
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Returns By Period
In the year-to-date period, HDCTX achieves a 7.27% return, which is significantly lower than FBLEX's 14.90% return. Over the past 10 years, HDCTX has underperformed FBLEX with an annualized return of 5.01%, while FBLEX has yielded a comparatively higher 12.42% annualized return.
HDCTX
- 1D
- 1.14%
- 1M
- -0.43%
- 6M
- 5.50%
- YTD
- 7.27%
- 1Y
- 14.26%
- 3Y*
- 13.30%
- 5Y*
- 6.21%
- 10Y*
- 5.01%
- ALL TIME*
- 5.71%
FBLEX
- 1D
- 0.37%
- 1M
- 2.80%
- 6M
- 10.56%
- YTD
- 14.90%
- 1Y
- 27.96%
- 3Y*
- 18.61%
- 5Y*
- 13.07%
- 10Y*
- 12.42%
- ALL TIME*
- 12.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HDCTX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDCTX Rational Equity Armor Fund | 7.27% | 12.64% | 16.85% | 2.95% | -10.68% | 14.52% | 15.85% | 11.32% | -11.94% | -1.99% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 14.90% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 25.57% | -9.04% | 12.38% |
Correlation
The correlation between HDCTX and FBLEX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012 | 0.76 |
Over the past year, the correlation between HDCTX and FBLEX has dropped to 0.53 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
HDCTX vs. FBLEX — Risk / Return Rank
HDCTX
FBLEX
HDCTX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational Equity Armor Fund (HDCTX) 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.
| HDCTX | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.83 | -1.95 |
| Martin ratioReturn relative to average drawdown | 4.29 | 15.89 | -11.60 |
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Drawdowns
HDCTX vs. FBLEX - Drawdown Comparison
The maximum HDCTX drawdown since its inception was -59.05%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for HDCTX and FBLEX.
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Drawdown Indicators
| HDCTX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -39.73% | -19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.89% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.74% | -14.71% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -19.00% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -39.73% | +20.91% |
Current DrawdownCurrent decline from peak | -4.39% | -0.37% | -4.02% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -3.79% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.66% | +1.39% |
Volatility
HDCTX vs. FBLEX - Volatility Comparison
The current volatility for Rational Equity Armor Fund (HDCTX) is 2.41%, while Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) has a volatility of 3.10%. This indicates that HDCTX experiences smaller price fluctuations and is considered to be less risky than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDCTX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.10% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 8.23% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 10.90% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 14.74% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 17.34% | -5.78% |
HDCTX vs. FBLEX - Expense Ratio Comparison
HDCTX has a 1.17% expense ratio, which is higher than FBLEX's 0.01% expense ratio.
Dividends
HDCTX vs. FBLEX - Dividend Comparison
HDCTX's dividend yield for the trailing twelve months is around 0.19%, less than FBLEX's 9.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 9.67% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
HDCTX Rational Equity Armor Fund | 0.19% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
Frequently Asked Questions
HDCTX and FBLEX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBLEX has higher volatility (3.10%) compared to HDCTX (2.41%). In terms of maximum drawdown, HDCTX dropped -59.05% vs FBLEX's -39.73%.
FBLEX currently has the higher Sharpe Ratio (2.43 vs 1.35), 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.
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