IOEZX vs. FPURX
IOEZX (ICON Equity Income Fund) and FPURX (Fidelity Puritan Fund) are both Diversified Portfolio funds. Over the past 10 years, IOEZX returned 8.83%/yr vs 11.68%/yr for FPURX. Their correlation of 0.81 suggests significant overlap in exposure. IOEZX charges 1.00%/yr vs 0.50%/yr for FPURX.
Performance
IOEZX vs. FPURX - Performance Comparison
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Returns By Period
In the year-to-date period, IOEZX achieves a 13.66% return, which is significantly higher than FPURX's 8.99% return. Over the past 10 years, IOEZX has underperformed FPURX with an annualized return of 8.83%, while FPURX has yielded a comparatively higher 11.68% annualized return.
IOEZX
- 1D
- 0.81%
- 1M
- -0.84%
- YTD
- 13.66%
- 6M
- 12.81%
- 1Y
- 26.38%
- 3Y*
- 12.77%
- 5Y*
- 5.25%
- 10Y*
- 8.83%
FPURX
- 1D
- -1.50%
- 1M
- 0.89%
- YTD
- 8.99%
- 6M
- 7.96%
- 1Y
- 19.99%
- 3Y*
- 16.42%
- 5Y*
- 9.05%
- 10Y*
- 11.68%
IOEZX vs. FPURX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOEZX ICON Equity Income Fund | 13.66% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
FPURX Fidelity Puritan Fund | 8.99% | 12.22% | 18.94% | 20.20% | -17.35% | 18.92% | 20.58% | 21.27% | -4.18% | 18.28% |
Correlation
The correlation between IOEZX and FPURX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.81 |
Over the past year, the correlation between IOEZX and FPURX has dropped to 0.50 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
IOEZX vs. FPURX — Risk / Return Rank
IOEZX
FPURX
IOEZX vs. FPURX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Equity Income Fund (IOEZX) and Fidelity Puritan Fund (FPURX). 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.
| IOEZX | FPURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 2.93 | +1.13 |
| Martin ratioReturn relative to average drawdown | 14.79 | 12.68 | +2.10 |
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Drawdowns
IOEZX vs. FPURX - Drawdown Comparison
The maximum IOEZX drawdown since its inception was -56.15%, which is greater than FPURX's maximum drawdown of -31.76%. Use the drawdown chart below to compare losses from any high point for IOEZX and FPURX.
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Drawdown Indicators
| IOEZX | FPURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.15% | -31.76% | -24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.24% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -16.51% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -22.53% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -38.12% | -23.93% | -14.19% |
Current DrawdownCurrent decline from peak | -2.34% | -2.45% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -4.64% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.67% | +0.18% |
Volatility
IOEZX vs. FPURX - Volatility Comparison
The current volatility for ICON Equity Income Fund (IOEZX) is 3.64%, while Fidelity Puritan Fund (FPURX) has a volatility of 4.87%. This indicates that IOEZX experiences smaller price fluctuations and is considered to be less risky than FPURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOEZX | FPURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 4.87% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 8.87% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 10.72% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 13.42% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 13.15% | +3.32% |
IOEZX vs. FPURX - Expense Ratio Comparison
IOEZX has a 1.00% expense ratio, which is higher than FPURX's 0.50% expense ratio.
Dividends
IOEZX vs. FPURX - Dividend Comparison
IOEZX's dividend yield for the trailing twelve months is around 2.97%, less than FPURX's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPURX Fidelity Puritan Fund | 6.26% | 6.83% | 11.30% | 5.34% | 9.38% | 13.10% | 5.10% | 4.29% | 15.26% | 3.78% | 3.71% | 7.49% |
IOEZX ICON Equity Income Fund | 2.97% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
Frequently Asked Questions
IOEZX and FPURX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPURX has higher volatility (4.87%) compared to IOEZX (3.64%). In terms of maximum drawdown, IOEZX dropped -56.15% vs FPURX's -31.76%.
IOEZX currently has the higher Sharpe Ratio (2.25 vs 1.98), 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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