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CAPAX vs. FWATX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CAPAX and FWATX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

CAPAX vs. FWATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Capital Income Fund (CAPAX) and Fidelity Advisor Multi-Asset Income Fund Class A (FWATX). The values are adjusted to include any dividend payments, if applicable.

50.00%60.00%70.00%80.00%90.00%100.00%December2025FebruaryMarchAprilMay
57.30%
88.60%
CAPAX
FWATX

Key characteristics

Sharpe Ratio

CAPAX:

0.69

FWATX:

0.40

Sortino Ratio

CAPAX:

1.03

FWATX:

0.57

Omega Ratio

CAPAX:

1.15

FWATX:

1.08

Calmar Ratio

CAPAX:

0.68

FWATX:

0.31

Martin Ratio

CAPAX:

2.85

FWATX:

1.10

Ulcer Index

CAPAX:

2.04%

FWATX:

3.72%

Daily Std Dev

CAPAX:

8.09%

FWATX:

11.34%

Max Drawdown

CAPAX:

-59.17%

FWATX:

-21.66%

Current Drawdown

CAPAX:

-3.53%

FWATX:

-5.65%

Returns By Period

In the year-to-date period, CAPAX achieves a -1.06% return, which is significantly lower than FWATX's -0.95% return.


CAPAX

YTD

-1.06%

1M

5.57%

6M

-1.97%

1Y

5.57%

5Y*

6.57%

10Y*

4.10%

FWATX

YTD

-0.95%

1M

8.77%

6M

-2.46%

1Y

4.54%

5Y*

8.34%

10Y*

N/A

*Annualized

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CAPAX vs. FWATX - Expense Ratio Comparison

CAPAX has a 0.88% expense ratio, which is lower than FWATX's 1.05% expense ratio.


Risk-Adjusted Performance

CAPAX vs. FWATX — Risk-Adjusted Performance Rank

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

CAPAX
The Risk-Adjusted Performance Rank of CAPAX is 7070
Overall Rank
The Sharpe Ratio Rank of CAPAX is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of CAPAX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of CAPAX is 6969
Omega Ratio Rank
The Calmar Ratio Rank of CAPAX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of CAPAX is 7272
Martin Ratio Rank

FWATX
The Risk-Adjusted Performance Rank of FWATX is 4444
Overall Rank
The Sharpe Ratio Rank of FWATX is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of FWATX is 4242
Sortino Ratio Rank
The Omega Ratio Rank of FWATX is 4141
Omega Ratio Rank
The Calmar Ratio Rank of FWATX is 4747
Calmar Ratio Rank
The Martin Ratio Rank of FWATX is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CAPAX vs. FWATX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Capital Income Fund (CAPAX) and Fidelity Advisor Multi-Asset Income Fund Class A (FWATX). 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.


The current CAPAX Sharpe Ratio is 0.69, which is higher than the FWATX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of CAPAX and FWATX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
0.69
0.40
CAPAX
FWATX

Dividends

CAPAX vs. FWATX - Dividend Comparison

CAPAX's dividend yield for the trailing twelve months is around 3.36%, less than FWATX's 3.64% yield.


TTM20242023202220212020201920182017201620152014
CAPAX
Federated Hermes Capital Income Fund
3.36%3.23%3.37%3.69%3.31%3.45%3.64%4.43%3.91%4.23%5.54%6.10%
FWATX
Fidelity Advisor Multi-Asset Income Fund Class A
3.64%3.57%3.98%4.42%2.95%3.18%2.60%2.70%3.10%7.82%1.29%0.00%

Drawdowns

CAPAX vs. FWATX - Drawdown Comparison

The maximum CAPAX drawdown since its inception was -59.17%, which is greater than FWATX's maximum drawdown of -21.66%. Use the drawdown chart below to compare losses from any high point for CAPAX and FWATX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-3.53%
-5.65%
CAPAX
FWATX

Volatility

CAPAX vs. FWATX - Volatility Comparison

The current volatility for Federated Hermes Capital Income Fund (CAPAX) is 4.30%, while Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) has a volatility of 5.65%. This indicates that CAPAX experiences smaller price fluctuations and is considered to be less risky than FWATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%December2025FebruaryMarchAprilMay
4.30%
5.65%
CAPAX
FWATX