PEP vs. FFIDX

Last updated Jun 13, 2026

PEP (PepsiCo, Inc.) is a stock, while FFIDX (Fidelity Fund) is Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, PEP returned 6.62%/yr vs 15.27%/yr for FFIDX. At a 0.40 correlation, their price movements are largely independent.

Performance

PEP vs. FFIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) and Fidelity Fund (FFIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEP achieves a 2.49% return, which is significantly higher than FFIDX's 1.42% return. Over the past 10 years, PEP has underperformed FFIDX with an annualized return of 6.62%, while FFIDX has yielded a comparatively higher 15.27% annualized return.

PEP

• 1D: 0.38%
• 1M: -2.33%
• YTD: 2.49%
• 6M: -2.36%
• 1Y: 13.36%
• 3Y*: -4.09%
• 5Y*: 2.73%
• 10Y*: 6.62%

FFIDX

• 1D: 1.17%
• 1M: -1.74%
• YTD: 1.42%
• 6M: 2.47%
• 1Y: 17.90%
• 3Y*: 20.25%
• 5Y*: 12.27%
• 10Y*: 15.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEP vs. FFIDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEP PepsiCo, Inc.	2.49%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%
FFIDX Fidelity Fund	1.42%	20.04%	27.13%	30.93%	-25.88%	33.22%	26.43%	33.46%	-5.31%	23.28%

Correlation

The correlation between PEP and FFIDX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 2, 1980	0.40

The correlation between PEP and FFIDX shifts across timeframes, from -0.10 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PEP vs. FFIDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEP

PEP Risk / Return Rank: 60
PEP Sharpe Ratio Rank: 64
PEP Sortino Ratio Rank: 59
PEP Omega Ratio Rank: 55
PEP Calmar Ratio Rank: 60
PEP Martin Ratio Rank: 63

FFIDX

FFIDX Risk / Return Rank: 37
FFIDX Sharpe Ratio Rank: 39
FFIDX Sortino Ratio Rank: 38
FFIDX Omega Ratio Rank: 37
FFIDX Calmar Ratio Rank: 30
FFIDX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEP vs. FFIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) and Fidelity Fund (FFIDX). 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.

	PEP	FFIDX	Difference
Sharpe ratio: Return per unit of total volatility	0.62	1.43	-0.81
Sortino ratio: Return per unit of downside risk	1.11	2.05	-0.94
Omega ratio: Gain probability vs. loss probability	1.12	1.25	-0.13
Calmar ratio: Return relative to maximum drawdown	0.83	1.68	-0.86
Martin ratio: Return relative to average drawdown	2.11	7.01	-4.90

PEP vs. FFIDX - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.62, which is lower than the FFIDX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of PEP and FFIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PEP vs. FFIDX - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, which is greater than FFIDX's maximum drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for PEP and FFIDX.

Drawdown Indicators

	PEP	FFIDX	Difference
Max Drawdown Largest peak-to-trough decline	-73.92%	-55.35%	-18.57%
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	-10.87%	-5.38%
Max Drawdown (3Y) Largest decline over 3 years	-29.17%	-22.42%	-6.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.32%	-30.33%	+0.01%
Max Drawdown (10Y) Largest decline over 10 years	-30.32%	-30.66%	+0.34%
Current Drawdown Current decline from peak	-17.75%	-2.92%	-14.83%
Average Drawdown Average peak-to-trough decline	-13.65%	-11.85%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.37%	2.61%	+3.76%

Volatility

PEP vs. FFIDX - Volatility Comparison

PepsiCo, Inc. (PEP) has a higher volatility of 5.39% compared to Fidelity Fund (FFIDX) at 3.70%. This indicates that PEP's price experiences larger fluctuations and is considered to be riskier than FFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEP	FFIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	3.70%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	14.62%	9.48%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	21.71%	12.77%	+8.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	19.18%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	19.43%	+0.24%

Dividends

PEP vs. FFIDX - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 3.98%, more than FFIDX's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFIDX Fidelity Fund	1.16%	1.18%	0.00%	2.41%	0.67%	4.60%	2.71%	5.41%	7.40%	11.12%	7.01%	5.48%
PEP PepsiCo, Inc.	3.98%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Frequently Asked Questions

Can I hold both PEP and FFIDX in my portfolio?

PEP and FFIDX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEP or FFIDX?

PEP has higher volatility (5.39%) compared to FFIDX (3.70%). In terms of maximum drawdown, PEP dropped -73.92% vs FFIDX's -55.35%.

Which has better risk-adjusted returns?

FFIDX currently has the higher Sharpe Ratio (1.43 vs 0.62), 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.