VTV vs. FEQIX

Last updated Jun 25, 2026

VTV (Vanguard Value ETF) and FEQIX (Fidelity Equity-Income Fund) are both Large Cap Value Equities funds. VTV is passively managed, while FEQIX is actively managed. Over the past 10 years, VTV returned 12.96%/yr vs 12.25%/yr for FEQIX. With a 0.97 correlation, they move nearly in lockstep. VTV charges 0.04%/yr vs 0.57%/yr for FEQIX.

Performance

VTV vs. FEQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value ETF (VTV) and Fidelity Equity-Income Fund (FEQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTV achieves a 14.56% return, which is significantly higher than FEQIX's 9.32% return. Over the past 10 years, VTV has outperformed FEQIX with an annualized return of 12.96%, while FEQIX has yielded a comparatively lower 12.25% annualized return.

VTV

• 1D: 0.07%
• 1M: 3.17%
• YTD: 14.56%
• 6M: 13.44%
• 1Y: 26.34%
• 3Y*: 18.69%
• 5Y*: 12.10%
• 10Y*: 12.96%

FEQIX

• 1D: -0.15%
• 1M: 0.28%
• YTD: 9.32%
• 6M: 8.45%
• 1Y: 21.46%
• 3Y*: 17.78%
• 5Y*: 11.03%
• 10Y*: 12.25%

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

VTV vs. FEQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	14.56%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
FEQIX Fidelity Equity-Income Fund	9.32%	18.96%	15.34%	10.62%	-5.10%	24.49%	6.77%	27.90%	-8.46%	12.80%

Correlation

The correlation between VTV and FEQIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.97

The correlation between VTV and FEQIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

VTV vs. FEQIX — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 86
VTV Sharpe Ratio Rank: 87
VTV Sortino Ratio Rank: 89
VTV Omega Ratio Rank: 85
VTV Calmar Ratio Rank: 85
VTV Martin Ratio Rank: 84

FEQIX

FEQIX Risk / Return Rank: 76
FEQIX Sharpe Ratio Rank: 74
FEQIX Sortino Ratio Rank: 76
FEQIX Omega Ratio Rank: 68
FEQIX Calmar Ratio Rank: 80
FEQIX Martin Ratio Rank: 80

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.

VTV vs. FEQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and Fidelity Equity-Income Fund (FEQIX). 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.

	VTV	FEQIX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.31	+0.24
Sortino ratio: Return per unit of downside risk	3.65	3.33	+0.32
Omega ratio: Gain probability vs. loss probability	1.46	1.42	+0.04
Calmar ratio: Return relative to maximum drawdown	4.17	3.45	+0.72
Martin ratio: Return relative to average drawdown	15.70	13.92	+1.78

VTV vs. FEQIX - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.56, which is comparable to the FEQIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of VTV and FEQIX, 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

VTV vs. FEQIX - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, roughly equal to the maximum FEQIX drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for VTV and FEQIX.

Drawdown Indicators

	VTV	FEQIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-62.38%	+3.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-6.48%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-13.18%	-1.34%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-17.20%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	-33.12%	-3.66%
Current Drawdown Current decline from peak	-0.48%	-0.95%	+0.47%
Average Drawdown Average peak-to-trough decline	-7.85%	-8.00%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.60%	+0.08%

Volatility

VTV vs. FEQIX - Volatility Comparison

Vanguard Value ETF (VTV) has a higher volatility of 3.33% compared to Fidelity Equity-Income Fund (FEQIX) at 2.79%. This indicates that VTV's price experiences larger fluctuations and is considered to be riskier than FEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTV	FEQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	2.79%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	7.39%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	9.69%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	13.45%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	15.45%	+1.19%

VTV vs. FEQIX - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than FEQIX's 0.57% expense ratio.

Dividends

VTV vs. FEQIX - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.83%, less than FEQIX's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQIX Fidelity Equity-Income Fund	4.60%	4.67%	5.51%	4.26%	4.56%	9.90%	3.38%	7.16%	9.76%	6.29%	4.28%	12.17%
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and FEQIX in my portfolio?

With a correlation of 0.93, VTV and FEQIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VTV or FEQIX?

VTV has higher volatility (3.33%) compared to FEQIX (2.79%). In terms of maximum drawdown, VTV dropped -59.27% vs FEQIX's -62.38%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.56 vs 2.31), 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.