Fidelity Equity Income Fund Manager Performance Evaluation

FEQIX Fund  USD 84.72  -1.07  -1.25%   
The fund retains a Beta (Market Sensitivity) of 0.67, which means generally lower market sensitivity than the broad market. FIDELITY EQUITY-INCOME moves in the same direction as the market but with less intensity, offering a degree of cushion during selloffs.
Risk-Adjusted Performance
Mild
 
Weak
 
Strong
Across the last 90 days, the risk-adjusted return profile of Fidelity Equity Income Fund is weaker than 3% of the funds and fund portfolios reviewed by Macroaxis. Market capitalization should still be reviewed beside liquidity, leverage, and earnings quality. Despite somewhat strong forward indicators, FIDELITY EQUITY-INCOME is not utilizing all of its potential. The current price disturbance may contribute to short-term losses for investors. Learn More
Expense Ratio Date1st of April 2025
Expense Ratio0.5300
  

Relative Risk vs. Return Landscape

If you had invested $ 8,350 in Fidelity Equity Income Fund on December 22, 2025 and sold it today you would have earned a total of $ 122.00 from holding Fidelity Equity Income Fund or generated 1.46% return on investment over 90 days. Fidelity Equity Income Fund is currently producing a 0.0254% return and carries 0.6303% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than FIDELITY, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
This comparison focuses on expected return, realized volatility, and risk efficiency versus the market. It highlights whether the current reward profile compensates for the level of uncertainty assumed. Assuming a 90-day horizon FIDELITY EQUITY-INCOME is expected to generate 0.77 times more return on investment than the market. However, the fund is 1.3 times less risky than the market. It trades about 0.04 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.11 per unit of risk.

Target Price Odds to finish over Current Price

For FIDELITY Mutual Fund, the tendency of price to converge toward a long-term average provides a useful baseline for forecasting. Nonetheless, studies have found that some funds are persistently mispriced, with the spread correcting only when market dynamics shift significantly.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
84.72 90 days 84.72
about 78.43
Based on standard probability analysis, the odds of FIDELITY EQUITY-INCOME moving above the current price in 90 days from now are about 78.43 (The chart above shows the probability distribution of FIDELITY Mutual Fund prices over the next 90 days).
Assuming a 90-day horizon FIDELITY EQUITY-INCOME has a beta of 0.67. This usually indicates as returns on the market go up, FIDELITY EQUITY-INCOME's average returns are expected to increase less than the benchmark. However, during a bear market, the loss from holding Fidelity Equity Income Fund is expected to be smaller as well. Additionally, Fidelity Equity Income Fund has an alpha of 0.0849, implying that it can generate a 0.0849 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).
   FIDELITY EQUITY-INCOME Price Density   
       Price  

Predictive Modules for FIDELITY EQUITY-INCOME

Accurately predicting the fund market is one of the most challenging tasks in investing. For Fidelity Equity Income, a range of forecasting tools can be applied, though none offer certainty. Despite this, systematic forecasting is a critical step in the investment process - comparing methods and results provides context to develop a more nuanced view of potential outcomes.
The mean reversion principle applied to FIDELITY EQUITY-INCOME's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
Hype
Prediction
LowEstimatedHigh
84.0984.7285.35
Details
Intrinsic
Valuation
LowRealHigh
83.7684.3985.02
Details
Naive
Forecast
LowNextHigh
84.4885.1185.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
84.3787.9891.60
Details
Peer comparison enriches FIDELITY EQUITY-INCOME analysis by revealing how the company ranks against competitors on key metrics. This relative perspective often changes investment conclusions drawn from standalone fundamental analysis.

Primary Risk Indicators

The past 10-20 years have brought considerable volatility to the mutual fund market, and FIDELITY EQUITY-INCOME has been no exception. Sharp price drops and strong rallies have made hedging an important tool for managing portfolio risk. Investors in Fidelity Equity Income Fund should monitor FIDELITY EQUITY-INCOME's fundamental risk indicators to stay ahead of market swings.
α
Alpha over Dow Jones
0.08
β
Beta against Dow Jones0.67
σ
Overall volatility
2.30
Ir
Information ratio 0.19

Investor Alerts and Insights

Alerts and suggestions for FIDELITY EQUITY-INCOME give investors a structured way to monitor the fund for material events. Fidelity Equity Income notifications flag important changes in technical indicators, fundamentals, and market conditions that may warrant attention.
The fund retains 98.69% of its assets under management (AUM) in equities

FIDELITY EQUITY-INCOME Fundamentals Growth

FIDELITY Mutual Fund performance is fundamentally tied to FIDELITY EQUITY-INCOME's financial health and growth outlook. Revenue and earnings trends, operating margins, and capital structure decisions all play a significant role in shaping investor expectations for FIDELITY Mutual Fund.

Performance Metrics & Calculation Methodology

FIDELITY EQUITY-INCOME performance is typically evaluated through NAV-based returns relative to category peers and stated objectives. Certain defensive traits may reduce sensitivity to broader macroeconomic fluctuations.

Inputs for Fidelity Equity Income Fund come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag. Return and risk statistics are calculated from historical price series.

This content is curated and reviewed by:

Michael Smolkin - Member of Macroaxis Board of Directors
Last reviewed on March 16th, 2026