BGB vs. FAGIX
BGB (Blackstone GSO Strategic Credit Closed Fund) and FAGIX (Fidelity Capital & Income Fund) are both High Yield Bonds funds. Both are actively managed. Over the past 10 years, BGB returned 6.34%/yr vs 7.67%/yr for FAGIX. At a 0.38 correlation, their price movements are largely independent. BGB charges 2.36%/yr vs 0.67%/yr for FAGIX.
Performance
BGB vs. FAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -0.64% return, which is significantly lower than FAGIX's 6.70% return. Over the past 10 years, BGB has underperformed FAGIX with an annualized return of 6.34%, while FAGIX has yielded a comparatively higher 7.67% annualized return.
BGB
- 1D
- -0.18%
- 1M
- 0.76%
- 6M
- -1.73%
- YTD
- -0.64%
- 1Y
- -0.82%
- 3Y*
- 10.73%
- 5Y*
- 4.83%
- 10Y*
- 6.34%
FAGIX
- 1D
- -0.44%
- 1M
- -0.99%
- 6M
- 4.96%
- YTD
- 6.70%
- 1Y
- 13.03%
- 3Y*
- 11.95%
- 5Y*
- 6.57%
- 10Y*
- 7.67%
BGB vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -0.64% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
FAGIX Fidelity Capital & Income Fund | 6.70% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Correlation
The correlation between BGB and FAGIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.38 |
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Return for Risk
BGB vs. FAGIX — Risk / Return Rank
BGB
FAGIX
BGB vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) 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.
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.
| BGB | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 3.88 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.18 | 14.56 | -14.74 |
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Drawdowns
BGB vs. FAGIX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for BGB and FAGIX.
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Drawdown Indicators
| BGB | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -37.97% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -3.49% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -7.26% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -15.42% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -28.45% | -16.42% |
Current DrawdownCurrent decline from peak | -4.02% | -1.94% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -6.97% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 0.93% | +3.65% |
Volatility
BGB vs. FAGIX - Volatility Comparison
The current volatility for Blackstone GSO Strategic Credit Closed Fund (BGB) is 0.81%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.61%. This indicates that BGB experiences smaller price fluctuations and is considered to be less risky than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 2.61% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 5.39% | 5.76% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | 6.85% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 6.76% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 7.82% | +8.25% |
BGB vs. FAGIX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Dividends
BGB vs. FAGIX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.45%, more than FAGIX's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | 8.45% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
FAGIX Fidelity Capital & Income Fund | 5.33% | 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
BGB and FAGIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGIX has higher volatility (2.61%) compared to BGB (0.81%). In terms of maximum drawdown, BGB dropped -44.87% vs FAGIX's -37.97%.
FAGIX currently has the higher Sharpe Ratio (1.97 vs -0.11), 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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