In my 403b I have Fidelity Equity Income (FEQIX). On the Fidelity site, it is comparing that fund to the Russell 3000 Value. Others that I have are compared to the Russell 2000 Value, the Russell 1000 Value and the Russell MidCap Value. How would they decide which index to compare to? My results for FEQIX are miserable compared to the index.
Period FEQIX Russell 3000 Value
1 Year 8.00% 15.44%
3 Year 5.42% 8.68%
5 Year 3.63% 6.05%
Period FEQIX Russell 3000 Value
1 Year 8.00% 15.44%
3 Year 5.42% 8.68%
5 Year 3.63% 6.05%