ACIO vs. FAGIX

Last updated Jun 4, 2026

ACIO (Aptus Collared Income Opportunity ETF) and FAGIX (Fidelity Capital & Income Fund) are both funds - ACIO is a Diversified Portfolio fund actively managed by Aptus Capital Advisors, while FAGIX is a High Yield Bonds fund managed by Fidelity. Over the past 5 years, ACIO returned 10.18%/yr vs 7.15%/yr for FAGIX. A 0.75 correlation means they provide meaningful diversification when combined. ACIO charges 0.79%/yr vs 0.67%/yr for FAGIX.

Performance

ACIO vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Collared Income Opportunity ETF (ACIO) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACIO achieves a 7.22% return, which is significantly lower than FAGIX's 8.43% return.

ACIO

• 1D: -0.55%
• 1M: 3.52%
• YTD: 7.22%
• 6M: 6.40%
• 1Y: 15.88%
• 3Y*: 15.97%
• 5Y*: 10.18%
• 10Y*: —

FAGIX

• 1D: 0.43%
• 1M: 2.37%
• YTD: 8.43%
• 6M: 9.49%
• 1Y: 18.43%
• 3Y*: 13.35%
• 5Y*: 7.15%
• 10Y*: 8.10%

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

ACIO vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ACIO Aptus Collared Income Opportunity ETF	7.22%	9.03%	21.92%	15.90%	-10.31%	18.03%	9.85%	3.32%
FAGIX Fidelity Capital & Income Fund	8.43%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	4.71%

Correlation

The correlation between ACIO and FAGIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019	0.75

The correlation between ACIO and FAGIX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

ACIO vs. FAGIX — Risk / Return Rank

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

ACIO

ACIO Risk / Return Rank: 53
ACIO Sharpe Ratio Rank: 56
ACIO Sortino Ratio Rank: 57
ACIO Omega Ratio Rank: 56
ACIO Calmar Ratio Rank: 44
ACIO Martin Ratio Rank: 52

FAGIX

FAGIX Risk / Return Rank: 93
FAGIX Sharpe Ratio Rank: 93
FAGIX Sortino Ratio Rank: 92
FAGIX Omega Ratio Rank: 89
FAGIX Calmar Ratio Rank: 94
FAGIX Martin Ratio Rank: 96

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.

ACIO vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Collared Income Opportunity ETF (ACIO) and Fidelity Capital & Income Fund (FAGIX). 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.

	ACIO	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	3.16	-1.23
Sortino ratio: Return per unit of downside risk	2.74	4.61	-1.87
Omega ratio: Gain probability vs. loss probability	1.35	1.63	-0.28
Calmar ratio: Return relative to maximum drawdown	2.21	5.51	-3.30
Martin ratio: Return relative to average drawdown	8.84	23.25	-14.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACIO vs. FAGIX - Sharpe Ratio Comparison

The current ACIO Sharpe Ratio is 1.93, which is lower than the FAGIX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of ACIO and FAGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACIO	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	3.16	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.09	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.88	+0.02

Drawdowns

ACIO vs. FAGIX - Drawdown Comparison

The maximum ACIO drawdown since its inception was -14.19%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for ACIO and FAGIX.

Drawdown Indicators

	ACIO	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-37.97%	+23.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-3.49%	-3.73%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-7.26%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-14.00%	-15.42%	+1.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.45%	—
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-3.19%	-6.98%	+3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	0.82%	+0.98%

Volatility

ACIO vs. FAGIX - Volatility Comparison

Aptus Collared Income Opportunity ETF (ACIO) has a higher volatility of 2.18% compared to Fidelity Capital & Income Fund (FAGIX) at 1.89%. This indicates that ACIO's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACIO	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	1.89%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	4.85%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	6.08%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	6.59%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	7.82%	+3.82%

ACIO vs. FAGIX - Expense Ratio Comparison

ACIO has a 0.79% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

Dividends

ACIO vs. FAGIX - Dividend Comparison

ACIO's dividend yield for the trailing twelve months is around 0.38%, less than FAGIX's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%	0.00%	0.00%	0.00%	0.00%
FAGIX Fidelity Capital & Income Fund	4.42%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%

Frequently Asked Questions

Can I hold both ACIO and FAGIX in my portfolio?

ACIO and FAGIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACIO or FAGIX?

ACIO has higher volatility (2.18%) compared to FAGIX (1.89%). In terms of maximum drawdown, ACIO dropped -14.19% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (3.16 vs 1.93), 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.