EMHY vs. FAGIX
Compare and contrast key facts about iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and Fidelity Capital & Income Fund (FAGIX).
EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Performance
EMHY vs. FAGIX - Performance Comparison
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EMHY vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | -1.07% | 13.70% | 11.97% | 11.47% | -13.03% | -1.91% | 3.83% | 12.98% | -5.21% | 8.54% |
FAGIX Fidelity Capital & Income Fund | 0.45% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Returns By Period
In the year-to-date period, EMHY achieves a -1.07% return, which is significantly lower than FAGIX's 0.45% return. Over the past 10 years, EMHY has underperformed FAGIX with an annualized return of 4.63%, while FAGIX has yielded a comparatively higher 7.56% annualized return.
EMHY
- 1D
- 0.35%
- 1M
- -2.59%
- YTD
- -1.07%
- 6M
- 2.66%
- 1Y
- 10.13%
- 3Y*
- 11.28%
- 5Y*
- 4.20%
- 10Y*
- 4.63%
FAGIX
- 1D
- 1.31%
- 1M
- -1.99%
- YTD
- 0.45%
- 6M
- 2.04%
- 1Y
- 14.01%
- 3Y*
- 10.82%
- 5Y*
- 5.97%
- 10Y*
- 7.56%
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EMHY vs. FAGIX - Expense Ratio Comparison
EMHY has a 0.50% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Return for Risk
EMHY vs. FAGIX — Risk / Return Rank
EMHY
FAGIX
EMHY vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) 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.
| EMHY | FAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.05 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.84 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.33 | -1.24 |
Martin ratioReturn relative to average drawdown | 9.21 | 13.92 | -4.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMHY | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.05 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.92 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.97 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.86 | -0.38 |
Correlation
The correlation between EMHY and FAGIX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMHY vs. FAGIX - Dividend Comparison
EMHY's dividend yield for the trailing twelve months is around 6.56%, more than FAGIX's 4.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.56% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
FAGIX Fidelity Capital & Income Fund | 4.37% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
Drawdowns
EMHY vs. FAGIX - Drawdown Comparison
The maximum EMHY drawdown since its inception was -30.11%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for EMHY and FAGIX.
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Drawdown Indicators
| EMHY | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -37.97% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -4.41% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -15.42% | -10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -30.11% | -28.45% | -1.66% |
Current DrawdownCurrent decline from peak | -3.00% | -2.22% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -7.01% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.06% | +0.07% |
Volatility
EMHY vs. FAGIX - Volatility Comparison
iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has a higher volatility of 3.10% compared to Fidelity Capital & Income Fund (FAGIX) at 2.86%. This indicates that EMHY'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.
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Volatility by Period
| EMHY | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.86% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.70% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 7.05% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.07% | 6.49% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.65% | 7.79% | +2.86% |