FAGIX vs. BND

Last updated Aug 4, 2026

FAGIX (Fidelity Capital & Income Fund) and BND (Vanguard Total Bond Market ETF) are both funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. FAGIX is actively managed, while BND is passively managed. Over the past 10 years, FAGIX returned 7.57%/yr vs 1.40%/yr for BND. Their -0.01 correlation means they have often moved in opposite directions in the past. FAGIX charges 0.67%/yr vs 0.03%/yr for BND.

Performance

FAGIX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Capital & Income Fund (FAGIX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAGIX achieves a 5.94% return, which is significantly higher than BND's -0.30% return. Over the past 10 years, FAGIX has outperformed BND with an annualized return of 7.57%, while BND has yielded a comparatively lower 1.40% annualized return.

FAGIX

• 1D: 0.45%
• 1M: -1.15%
• 6M: 4.06%
• YTD: 5.94%
• 1Y: 11.72%
• 3Y*: 11.46%
• 5Y*: 6.27%
• 10Y*: 7.57%
• ALL TIME*: 6.08%

BND

• 1D: 0.24%
• 1M: -0.97%
• 6M: -0.42%
• YTD: -0.30%
• 1Y: 2.00%
• 3Y*: 4.04%
• 5Y*: -0.43%
• 10Y*: 1.40%
• ALL TIME*: 3.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BND Vanguard Total Bond Market ETF	$459.14M	$504.12M	$590.88M
FAGIX Fidelity Capital & Income Fund	$0.00	$0.00	$0.00

FAGIX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAGIX Fidelity Capital & Income Fund	5.94%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%
BND Vanguard Total Bond Market ETF	-0.30%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between FAGIX and BND is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.29
Correlation (10Y) Provides a long-term view across more market conditions.	0.13
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	-0.01

The correlation between FAGIX and BND shifts across timeframes, from -0.01 (all time) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FAGIX vs. BND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAGIX

FAGIX Risk / Return Rank: 67
FAGIX Sharpe Ratio Rank: 59
FAGIX Sortino Ratio Rank: 58
FAGIX Omega Ratio Rank: 58
FAGIX Calmar Ratio Rank: 80
FAGIX Martin Ratio Rank: 81

BND

BND Risk / Return Rank: 24
BND Sharpe Ratio Rank: 25
BND Sortino Ratio Rank: 23
BND Omega Ratio Rank: 22
BND Calmar Ratio Rank: 25
BND Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAGIX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and Vanguard Total Bond Market ETF (BND). 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	BND	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.56	+1.01
Sortino ratio: Return per unit of downside risk	2.22	0.81	+1.41
Omega ratio: Gain probability vs. loss probability	1.29	1.09	+0.19
Calmar ratio: Return relative to maximum drawdown	2.74	0.75	+1.99
Martin ratio: Return relative to average drawdown	10.24	1.86	+8.38

FAGIX vs. BND - Sharpe Ratio Comparison

The current FAGIX Sharpe Ratio is 1.57, which is higher than the BND Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of FAGIX and BND, 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. BND - Drawdown Comparison

The maximum FAGIX drawdown since its inception was -37.97%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FAGIX and BND.

Drawdown Indicators

	FAGIX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-37.97%	-18.58%	-19.39%
Max Drawdown (1Y) Largest decline over 1 year	-4.02%	-2.68%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-7.26%	-4.81%	-2.45%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-17.81%	+2.39%
Max Drawdown (10Y) Largest decline over 10 years	-28.45%	-18.58%	-9.87%
Current Drawdown Current decline from peak	-2.63%	-2.92%	+0.29%
Average Drawdown Average peak-to-trough decline	-6.97%	-3.06%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.07%	+0.01%

Volatility

FAGIX vs. BND - Volatility Comparison

Fidelity Capital & Income Fund (FAGIX) has a higher volatility of 2.25% compared to Vanguard Total Bond Market ETF (BND) at 1.02%. This indicates that FAGIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGIX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	1.02%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	5.95%	2.91%	+3.04%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	3.61%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.79%	6.03%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.84%	5.53%	+2.31%

FAGIX vs. BND - Expense Ratio Comparison

FAGIX has a 0.67% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

FAGIX vs. BND - Dividend Comparison

FAGIX's dividend yield for the trailing twelve months is around 5.03%, more than BND's 4.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	4.04%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
FAGIX Fidelity Capital & Income Fund	5.03%	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 BND in my portfolio?

FAGIX and BND have a correlation of 0.28, 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 BND?

FAGIX has higher volatility (2.25%) compared to BND (1.02%). In terms of maximum drawdown, FAGIX dropped -37.97% vs BND's -18.58%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (1.57 vs 0.56), 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.