MEIFX vs. EQPGX
Compare and contrast key facts about Meridian Enhanced Equity Fund (MEIFX) and Fidelity Advisor Equity Growth Fund Class I (EQPGX).
MEIFX is managed by Meridian. It was launched on Jan 31, 2005. EQPGX is managed by Fidelity. It was launched on Nov 22, 1983.
Performance
MEIFX vs. EQPGX - Performance Comparison
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MEIFX vs. EQPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEIFX Meridian Enhanced Equity Fund | 0.08% | 6.51% | 13.19% | 18.96% | -16.43% | 15.15% | 26.18% | 44.95% | -0.51% | 27.94% |
EQPGX Fidelity Advisor Equity Growth Fund Class I | -5.41% | 14.60% | 29.99% | 35.60% | -24.45% | 22.94% | 43.80% | 34.01% | 0.17% | 35.19% |
Returns By Period
In the year-to-date period, MEIFX achieves a 0.08% return, which is significantly higher than EQPGX's -5.41% return. Over the past 10 years, MEIFX has underperformed EQPGX with an annualized return of 13.97%, while EQPGX has yielded a comparatively higher 17.05% annualized return.
MEIFX
- 1D
- 1.71%
- 1M
- -1.28%
- YTD
- 0.08%
- 6M
- -0.22%
- 1Y
- 7.08%
- 3Y*
- 10.32%
- 5Y*
- 5.80%
- 10Y*
- 13.97%
EQPGX
- 1D
- 4.31%
- 1M
- -5.34%
- YTD
- -5.41%
- 6M
- -4.89%
- 1Y
- 17.45%
- 3Y*
- 20.16%
- 5Y*
- 11.12%
- 10Y*
- 17.05%
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MEIFX vs. EQPGX - Expense Ratio Comparison
MEIFX has a 1.20% expense ratio, which is higher than EQPGX's 0.71% expense ratio.
Return for Risk
MEIFX vs. EQPGX — Risk / Return Rank
MEIFX
EQPGX
MEIFX vs. EQPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meridian Enhanced Equity Fund (MEIFX) and Fidelity Advisor Equity Growth Fund Class I (EQPGX). 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.
| MEIFX | EQPGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.84 | -0.37 |
Sortino ratioReturn per unit of downside risk | 0.81 | 1.32 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.41 | -0.66 |
Martin ratioReturn relative to average drawdown | 3.44 | 4.96 | -1.51 |
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
| MEIFX | EQPGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.84 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.55 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.83 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.60 | -0.08 |
Correlation
The correlation between MEIFX and EQPGX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MEIFX vs. EQPGX - Dividend Comparison
MEIFX's dividend yield for the trailing twelve months is around 7.24%, more than EQPGX's 0.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEIFX Meridian Enhanced Equity Fund | 7.24% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
EQPGX Fidelity Advisor Equity Growth Fund Class I | 0.55% | 0.52% | 10.64% | 0.48% | 1.96% | 11.42% | 10.84% | 8.56% | 6.43% | 11.57% | 5.90% | 2.21% |
Drawdowns
MEIFX vs. EQPGX - Drawdown Comparison
The maximum MEIFX drawdown since its inception was -54.37%, smaller than the maximum EQPGX drawdown of -62.00%. Use the drawdown chart below to compare losses from any high point for MEIFX and EQPGX.
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Drawdown Indicators
| MEIFX | EQPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.37% | -62.00% | +7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -12.80% | +3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -29.81% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -28.67% | -31.11% | +2.44% |
Current DrawdownCurrent decline from peak | -5.84% | -8.80% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -13.80% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.63% | -1.57% |
Volatility
MEIFX vs. EQPGX - Volatility Comparison
The current volatility for Meridian Enhanced Equity Fund (MEIFX) is 3.99%, while Fidelity Advisor Equity Growth Fund Class I (EQPGX) has a volatility of 7.77%. This indicates that MEIFX experiences smaller price fluctuations and is considered to be less risky than EQPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEIFX | EQPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 7.77% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 13.31% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 21.83% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 20.16% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 20.49% | -2.53% |