FAGIX vs. BIZD

Last updated Jun 20, 2026

FAGIX (Fidelity Capital & Income Fund) and BIZD (VanEck BDC Income ETF) are both funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. FAGIX is actively managed, while BIZD is passively managed. Over the past 10 years, FAGIX returned 8.14%/yr vs 7.66%/yr for BIZD. A 0.53 correlation means they provide meaningful diversification when combined. FAGIX charges 0.67%/yr vs 12.86%/yr for BIZD.

Performance

FAGIX vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Capital & Income Fund (FAGIX) and VanEck BDC Income ETF (BIZD). 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 BIZD's -9.43% return. Over the past 10 years, FAGIX has outperformed BIZD with an annualized return of 8.14%, while BIZD has yielded a comparatively lower 7.66% annualized return.

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%

BIZD

• 1D: 0.16%
• 1M: -1.20%
• YTD: -9.43%
• 6M: -8.46%
• 1Y: -13.47%
• 3Y*: 4.52%
• 5Y*: 4.48%
• 10Y*: 7.66%

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

FAGIX vs. BIZD - 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%
BIZD VanEck BDC Income ETF	-9.43%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	0.36%

Correlation

The correlation between FAGIX and BIZD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013	0.53

The correlation between FAGIX and BIZD shifts across timeframes, from 0.39 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FAGIX vs. BIZD — 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

BIZD

BIZD Risk / Return Rank: 4
BIZD Sharpe Ratio Rank: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 4

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. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and VanEck BDC Income ETF (BIZD). 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	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	2.80	-0.73	+3.54
Sortino ratio: Return per unit of downside risk	4.02	-0.95	+4.97
Omega ratio: Gain probability vs. loss probability	1.55	0.89	+0.66
Calmar ratio: Return relative to maximum drawdown	5.20	-0.61	+5.81
Martin ratio: Return relative to average drawdown	21.24	-1.02	+22.26

FAGIX vs. BIZD - Sharpe Ratio Comparison

The current FAGIX Sharpe Ratio is 2.80, which is higher than the BIZD Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of FAGIX and BIZD, 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. BIZD - Drawdown Comparison

The maximum FAGIX drawdown since its inception was -37.97%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for FAGIX and BIZD.

Drawdown Indicators

	FAGIX	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-37.97%	-55.44%	+17.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-22.22%	+18.73%
Max Drawdown (3Y) Largest decline over 3 years	-7.26%	-22.56%	+15.30%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-22.91%	+7.49%
Max Drawdown (10Y) Largest decline over 10 years	-28.45%	-55.44%	+26.99%
Current Drawdown Current decline from peak	-0.00%	-19.66%	+19.66%
Average Drawdown Average peak-to-trough decline	-6.98%	-6.75%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	13.18%	-12.33%

Volatility

FAGIX vs. BIZD - Volatility Comparison

The current volatility for Fidelity Capital & Income Fund (FAGIX) is 2.74%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.51%. This indicates that FAGIX experiences smaller price fluctuations and is considered to be less risky than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGIX	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	5.51%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	5.38%	15.14%	-9.76%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	18.48%	-12.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.68%	17.44%	-10.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.85%	21.77%	-13.92%

FAGIX vs. BIZD - Expense Ratio Comparison

FAGIX has a 0.67% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

FAGIX vs. BIZD - Dividend Comparison

FAGIX's dividend yield for the trailing twelve months is around 5.23%, less than BIZD's 13.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	13.94%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
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 BIZD in my portfolio?

FAGIX and BIZD have a correlation of 0.39, 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 BIZD?

BIZD has higher volatility (5.51%) compared to FAGIX (2.74%). In terms of maximum drawdown, FAGIX dropped -37.97% vs BIZD's -55.44%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.80 vs -0.73), 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.