FAGIX vs. AMECX

Last updated Jun 20, 2026

FAGIX (Fidelity Capital & Income Fund) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while AMECX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, FAGIX returned 8.14%/yr vs 8.39%/yr for AMECX. A 0.50 correlation means they provide meaningful diversification when combined. FAGIX charges 0.67%/yr vs 0.56%/yr for AMECX.

Performance

FAGIX vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Capital & Income Fund (FAGIX) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAGIX achieves a 8.52% return, which is significantly higher than AMECX's 5.48% return. Both investments have delivered pretty close results over the past 10 years, with FAGIX having a 8.14% annualized return and AMECX not far ahead at 8.39%.

FAGIX

• 1D: 0.70%
• 1M: 1.92%
• YTD: 8.52%
• 6M: 9.16%
• 1Y: 18.07%
• 3Y*: 13.10%
• 5Y*: 7.14%
• 10Y*: 8.14%

AMECX

• 1D: -0.40%
• 1M: -0.52%
• YTD: 5.48%
• 6M: 6.05%
• 1Y: 14.23%
• 3Y*: 12.78%
• 5Y*: 8.08%
• 10Y*: 8.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAGIX vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAGIX Fidelity Capital & Income Fund	8.52%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%
AMECX American Funds The Income Fund of America Class A	5.48%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between FAGIX and AMECX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 31, 1978	0.50

The correlation between FAGIX and AMECX shifts across timeframes, from 0.50 (all time) to 0.74 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FAGIX vs. AMECX — Risk / Return Rank

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

FAGIX

FAGIX Risk / Return Rank: 92
FAGIX Sharpe Ratio Rank: 92
FAGIX Sortino Ratio Rank: 90
FAGIX Omega Ratio Rank: 87
FAGIX Calmar Ratio Rank: 95
FAGIX Martin Ratio Rank: 96

AMECX

AMECX Risk / Return Rank: 49
AMECX Sharpe Ratio Rank: 54
AMECX Sortino Ratio Rank: 54
AMECX Omega Ratio Rank: 50
AMECX Calmar Ratio Rank: 43
AMECX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAGIX vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and American Funds The Income Fund of America Class A (AMECX). 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.

	FAGIX	AMECX	Difference
Sharpe ratio: Return per unit of total volatility	2.80	1.93	+0.87
Sortino ratio: Return per unit of downside risk	4.02	2.73	+1.29
Omega ratio: Gain probability vs. loss probability	1.55	1.35	+0.21
Calmar ratio: Return relative to maximum drawdown	5.20	2.33	+2.87
Martin ratio: Return relative to average drawdown	21.24	8.61	+12.63

FAGIX vs. AMECX - Sharpe Ratio Comparison

The current FAGIX Sharpe Ratio is 2.80, which is higher than the AMECX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FAGIX and AMECX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAGIX vs. AMECX - Drawdown Comparison

The maximum FAGIX drawdown since its inception was -37.97%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for FAGIX and AMECX.

Drawdown Indicators

	FAGIX	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-37.97%	-41.92%	+3.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-6.13%	+2.64%
Max Drawdown (3Y) Largest decline over 3 years	-7.26%	-8.58%	+1.32%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-15.78%	+0.36%
Max Drawdown (10Y) Largest decline over 10 years	-28.45%	-26.13%	-2.32%
Current Drawdown Current decline from peak	-0.00%	-2.02%	+2.02%
Average Drawdown Average peak-to-trough decline	-6.98%	-4.45%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	1.66%	-0.81%

Volatility

FAGIX vs. AMECX - Volatility Comparison

Fidelity Capital & Income Fund (FAGIX) has a higher volatility of 2.74% compared to American Funds The Income Fund of America Class A (AMECX) at 2.30%. This indicates that FAGIX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGIX	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	2.30%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	5.38%	5.82%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	7.41%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.68%	9.47%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.85%	10.69%	-2.84%

FAGIX vs. AMECX - Expense Ratio Comparison

FAGIX has a 0.67% expense ratio, which is higher than AMECX's 0.56% expense ratio.

Dividends

FAGIX vs. AMECX - Dividend Comparison

FAGIX's dividend yield for the trailing twelve months is around 5.23%, less than AMECX's 9.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMECX American Funds The Income Fund of America Class A	9.55%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%
FAGIX Fidelity Capital & Income Fund	5.23%	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

Can I hold both FAGIX and AMECX in my portfolio?

FAGIX and AMECX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAGIX or AMECX?

FAGIX has higher volatility (2.74%) compared to AMECX (2.30%). In terms of maximum drawdown, FAGIX dropped -37.97% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.80 vs 1.93), 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.