IFPUX vs. FEQHX
Compare and contrast key facts about Independent Franchise Part Equity Fund (IFPUX) and Fidelity Hedged Equity Fund (FEQHX).
IFPUX is managed by Independent Franchise Partners. It was launched on Dec 20, 2011. FEQHX is an actively managed fund by Fidelity. It was launched on Sep 8, 2022.
Performance
IFPUX vs. FEQHX - Performance Comparison
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IFPUX vs. FEQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IFPUX Independent Franchise Part Equity Fund | -8.29% | 28.47% | 21.80% | 21.19% | -0.71% |
FEQHX Fidelity Hedged Equity Fund | -4.09% | 13.61% | 19.46% | 17.65% | -4.85% |
Returns By Period
In the year-to-date period, IFPUX achieves a -8.29% return, which is significantly lower than FEQHX's -4.09% return.
IFPUX
- 1D
- 1.42%
- 1M
- -6.19%
- YTD
- -8.29%
- 6M
- -3.09%
- 1Y
- 9.12%
- 3Y*
- 17.00%
- 5Y*
- 10.50%
- 10Y*
- 12.77%
FEQHX
- 1D
- 1.71%
- 1M
- -4.16%
- YTD
- -4.09%
- 6M
- -3.55%
- 1Y
- 13.00%
- 3Y*
- 13.67%
- 5Y*
- —
- 10Y*
- —
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IFPUX vs. FEQHX - Expense Ratio Comparison
IFPUX has a 0.68% expense ratio, which is higher than FEQHX's 0.55% expense ratio.
Return for Risk
IFPUX vs. FEQHX — Risk / Return Rank
IFPUX
FEQHX
IFPUX vs. FEQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Independent Franchise Part Equity Fund (IFPUX) and Fidelity Hedged Equity Fund (FEQHX). 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.
| IFPUX | FEQHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.21 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.82 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.84 | -1.14 |
Martin ratioReturn relative to average drawdown | 2.29 | 7.27 | -4.97 |
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
| IFPUX | FEQHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.21 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.00 | -0.24 |
Correlation
The correlation between IFPUX and FEQHX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IFPUX vs. FEQHX - Dividend Comparison
IFPUX's dividend yield for the trailing twelve months is around 10.70%, more than FEQHX's 0.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IFPUX Independent Franchise Part Equity Fund | 10.70% | 9.81% | 20.93% | 8.24% | 16.77% | 5.50% | 12.63% | 11.08% | 8.13% | 1.35% | 3.74% |
FEQHX Fidelity Hedged Equity Fund | 0.45% | 0.43% | 0.61% | 0.77% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IFPUX vs. FEQHX - Drawdown Comparison
The maximum IFPUX drawdown since its inception was -27.73%, which is greater than FEQHX's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for IFPUX and FEQHX.
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Drawdown Indicators
| IFPUX | FEQHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -10.42% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -7.40% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.73% | — | — |
Current DrawdownCurrent decline from peak | -9.82% | -5.82% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -2.28% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 1.87% | +1.85% |
Volatility
IFPUX vs. FEQHX - Volatility Comparison
Independent Franchise Part Equity Fund (IFPUX) has a higher volatility of 3.84% compared to Fidelity Hedged Equity Fund (FEQHX) at 3.11%. This indicates that IFPUX's price experiences larger fluctuations and is considered to be riskier than FEQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFPUX | FEQHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.11% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 6.85% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.99% | 11.04% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 11.29% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 11.29% | +5.78% |