BGHSX vs. FAGIX
BGHSX (BrandywineGLOBAL - High Yield Fund) and FAGIX (Fidelity Capital & Income Fund) are both High Yield Bonds funds. Over the past 3 years, BGHSX returned 6.94%/yr vs 11.21%/yr for FAGIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. BGHSX charges 0.54%/yr vs 0.67%/yr for FAGIX.
Performance
BGHSX vs. FAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGHSX achieves a -0.16% return, which is significantly lower than FAGIX's 5.47% return.
BGHSX
- 1D
- 0.10%
- 1M
- -0.70%
- 6M
- -0.10%
- YTD
- -0.16%
- 1Y
- 2.97%
- 3Y*
- 6.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.55%
FAGIX
- 1D
- 1.00%
- 1M
- -1.59%
- 6M
- 3.79%
- YTD
- 5.47%
- 1Y
- 11.22%
- 3Y*
- 11.21%
- 5Y*
- 6.17%
- 10Y*
- 7.47%
- ALL TIME*
- 6.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGHSX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGHSX BrandywineGLOBAL - High Yield Fund | -0.16% | 5.55% | 9.90% | 13.21% | -10.23% | 1.12% |
FAGIX Fidelity Capital & Income Fund | 5.47% | 12.38% | 10.69% | 13.02% | -11.50% | 2.81% |
Correlation
The correlation between BGHSX and FAGIX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.72 |
The correlation between BGHSX and FAGIX shifts across timeframes, from 0.55 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BGHSX vs. FAGIX — Risk / Return Rank
BGHSX
FAGIX
BGHSX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) 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.
| BGHSX | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.72 | -1.45 |
| Martin ratioReturn relative to average drawdown | 5.11 | 10.26 | -5.15 |
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Drawdowns
BGHSX vs. FAGIX - Drawdown Comparison
The maximum BGHSX drawdown since its inception was -14.30%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for BGHSX and FAGIX.
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Drawdown Indicators
| BGHSX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.30% | -37.97% | +23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -4.02% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -7.26% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.45% | — |
Current DrawdownCurrent decline from peak | -0.70% | -3.07% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -6.97% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.06% | -0.40% |
Volatility
BGHSX vs. FAGIX - Volatility Comparison
The current volatility for BrandywineGLOBAL - High Yield Fund (BGHSX) is 0.57%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.24%. This indicates that BGHSX 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
| BGHSX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.24% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 5.94% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 7.04% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 6.79% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 7.84% | -3.41% |
BGHSX vs. FAGIX - Expense Ratio Comparison
BGHSX has a 0.54% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Dividends
BGHSX vs. FAGIX - Dividend Comparison
BGHSX's dividend yield for the trailing twelve months is around 5.63%, more than FAGIX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGHSX BrandywineGLOBAL - High Yield Fund | 5.63% | 7.08% | 7.49% | 5.23% | 5.32% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAGIX Fidelity Capital & Income Fund | 5.05% | 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
BGHSX and FAGIX 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.
FAGIX has higher volatility (2.24%) compared to BGHSX (0.57%). In terms of maximum drawdown, BGHSX dropped -14.30% vs FAGIX's -37.97%.
FAGIX currently has the higher Sharpe Ratio (1.55 vs 1.09), 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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