CORP vs. FAGIX
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and Fidelity Capital & Income Fund (FAGIX).
CORP is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Corporate. It was launched on Sep 20, 2010. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CORP or FAGIX.
Key characteristics
| CORP | FAGIX | |
|---|---|---|
| YTD Return | -2.75% | 3.11% |
| 1Y Return | 2.55% | 11.78% |
| 3Y Return (Ann) | -2.36% | 3.02% |
| 5Y Return (Ann) | 1.29% | 6.21% |
| 10Y Return (Ann) | 2.47% | 6.08% |
| Sharpe Ratio | 0.29 | 2.35 |
| Daily Std Dev | 7.03% | 4.65% |
| Max Drawdown | -21.21% | -37.80% |
| Current Drawdown | -10.61% | -1.51% |
Correlation
The correlation between CORP and FAGIX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CORP vs. FAGIX - Performance Comparison
In the year-to-date period, CORP achieves a -2.75% return, which is significantly lower than FAGIX's 3.11% return. Over the past 10 years, CORP has underperformed FAGIX with an annualized return of 2.47%, while FAGIX has yielded a comparatively higher 6.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CORP vs. FAGIX - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
CORP vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) 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.
Dividends
CORP vs. FAGIX - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 5.13%, less than FAGIX's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 5.13% | 4.84% | 3.28% | 2.51% | 2.90% | 3.25% | 3.49% | 3.08% | 2.91% | 3.14% | 3.55% | 7.34% |
FAGIX Fidelity Capital & Income Fund | 5.25% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
CORP vs. FAGIX - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for CORP and FAGIX. For additional features, visit the drawdowns tool.
Volatility
CORP vs. FAGIX - Volatility Comparison
PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a higher volatility of 2.70% compared to Fidelity Capital & Income Fund (FAGIX) at 1.45%. This indicates that CORP'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.