VVPLX vs. FEQHX
VVPLX (Vulcan Value Partners Fund) and FEQHX (Fidelity Hedged Equity Fund) are both Large Cap Blend Equities funds. Over the past 3 years, VVPLX returned 11.75%/yr vs 16.52%/yr for FEQHX. A 0.80 correlation means they provide meaningful diversification when combined. VVPLX charges 1.06%/yr vs 0.55%/yr for FEQHX.
Performance
VVPLX vs. FEQHX - Performance Comparison
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Returns By Period
In the year-to-date period, VVPLX achieves a -2.39% return, which is significantly lower than FEQHX's 9.13% return.
VVPLX
- 1D
- -0.15%
- 1M
- 4.03%
- 6M
- -4.60%
- YTD
- -2.39%
- 1Y
- 0.02%
- 3Y*
- 11.75%
- 5Y*
- 1.53%
- 10Y*
- 9.39%
FEQHX
- 1D
- 0.37%
- 1M
- 1.69%
- 6M
- 7.33%
- YTD
- 9.13%
- 1Y
- 16.73%
- 3Y*
- 16.52%
- 5Y*
- —
- 10Y*
- —
VVPLX vs. FEQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VVPLX Vulcan Value Partners Fund | -2.39% | 7.48% | 17.50% | 41.77% | -5.56% |
FEQHX Fidelity Hedged Equity Fund | 9.13% | 13.61% | 19.46% | 17.65% | -4.85% |
Correlation
The correlation between VVPLX and FEQHX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.80 |
Over the past year, the correlation between VVPLX and FEQHX has dropped to 0.55 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
VVPLX vs. FEQHX — Risk / Return Rank
VVPLX
FEQHX
VVPLX vs. FEQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vulcan Value Partners Fund (VVPLX) 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.
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.
| VVPLX | FEQHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.22 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.12 | 8.29 | -8.41 |
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Drawdowns
VVPLX vs. FEQHX - Drawdown Comparison
The maximum VVPLX drawdown since its inception was -47.95%, which is greater than FEQHX's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for VVPLX and FEQHX.
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Drawdown Indicators
| VVPLX | FEQHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.95% | -10.42% | -37.53% |
Max Drawdown (1Y)Largest decline over 1 year | -20.19% | -7.40% | -12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -10.42% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -47.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.95% | — | — |
Current DrawdownCurrent decline from peak | -6.20% | -0.79% | -5.41% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -2.21% | -7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 1.98% | +6.60% |
Volatility
VVPLX vs. FEQHX - Volatility Comparison
Vulcan Value Partners Fund (VVPLX) has a higher volatility of 6.30% compared to Fidelity Hedged Equity Fund (FEQHX) at 3.62%. This indicates that VVPLX'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
| VVPLX | FEQHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 3.62% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 7.56% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 9.76% | +7.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 11.29% | +11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.13% | 11.29% | +10.84% |
VVPLX vs. FEQHX - Expense Ratio Comparison
VVPLX has a 1.06% expense ratio, which is higher than FEQHX's 0.55% expense ratio.
Dividends
VVPLX vs. FEQHX - Dividend Comparison
VVPLX's dividend yield for the trailing twelve months is around 5.99%, more than FEQHX's 0.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEQHX Fidelity Hedged Equity Fund | 0.51% | 0.43% | 0.61% | 0.77% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VVPLX Vulcan Value Partners Fund | 5.99% | 5.85% | 0.19% | 0.05% | 5.95% | 11.33% | 3.54% | 4.37% | 8.90% | 1.69% | 1.31% |
Frequently Asked Questions
VVPLX and FEQHX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVPLX has higher volatility (6.30%) compared to FEQHX (3.62%). In terms of maximum drawdown, VVPLX dropped -47.95% vs FEQHX's -10.42%.
FEQHX currently has the higher Sharpe Ratio (1.69 vs -0.06), 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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