FAGIX vs. CGDV

Last updated Jun 13, 2026

FAGIX (Fidelity Capital & Income Fund) and CGDV (Capital Group Dividend Value ETF) are both funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Both are actively managed. Over the past 3 years, FAGIX returned 12.87%/yr vs 24.15%/yr for CGDV. A 0.76 correlation means they provide meaningful diversification when combined. FAGIX charges 0.67%/yr vs 0.33%/yr for CGDV.

Performance

FAGIX vs. CGDV - Performance Comparison

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

Returns By Period

In the year-to-date period, FAGIX achieves a 7.40% return, which is significantly lower than CGDV's 11.55% return.

FAGIX

• 1D: 1.15%
• 1M: -0.19%
• YTD: 7.40%
• 6M: 7.95%
• 1Y: 17.42%
• 3Y*: 12.87%
• 5Y*: 6.75%
• 10Y*: 8.03%

CGDV

• 1D: 0.66%
• 1M: 0.35%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 28.33%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

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

FAGIX vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FAGIX Fidelity Capital & Income Fund	7.40%	12.38%	10.69%	13.02%	-6.14%
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between FAGIX and CGDV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.76

The correlation between FAGIX and CGDV has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

FAGIX vs. CGDV — Risk / Return Rank

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

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 88
FAGIX Omega Ratio Rank: 87
FAGIX Calmar Ratio Rank: 95
FAGIX Martin Ratio Rank: 96

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

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. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and Capital Group Dividend Value ETF (CGDV). 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	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.27	+0.36
Sortino ratio: Return per unit of downside risk	3.75	3.11	+0.65
Omega ratio: Gain probability vs. loss probability	1.52	1.42	+0.09
Calmar ratio: Return relative to maximum drawdown	4.85	2.83	+2.03
Martin ratio: Return relative to average drawdown	19.86	13.19	+6.67

FAGIX vs. CGDV - Sharpe Ratio Comparison

The current FAGIX Sharpe Ratio is 2.63, which is comparable to the CGDV Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of FAGIX and CGDV, 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. CGDV - Drawdown Comparison

The maximum FAGIX drawdown since its inception was -37.97%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for FAGIX and CGDV.

Drawdown Indicators

	FAGIX	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-37.97%	-21.82%	-16.15%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-9.75%	+6.26%
Max Drawdown (3Y) Largest decline over 3 years	-7.26%	-14.28%	+7.02%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.45%	—	—
Current Drawdown Current decline from peak	-1.04%	-0.98%	-0.06%
Average Drawdown Average peak-to-trough decline	-6.98%	-3.60%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	2.09%	-1.24%

Volatility

FAGIX vs. CGDV - Volatility Comparison

The current volatility for Fidelity Capital & Income Fund (FAGIX) is 2.71%, while Capital Group Dividend Value ETF (CGDV) has a volatility of 4.52%. This indicates that FAGIX experiences smaller price fluctuations and is considered to be less risky than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAGIX	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	4.52%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	5.30%	9.80%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	6.42%	12.13%	-5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.66%	15.57%	-8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.84%	15.57%	-7.73%

FAGIX vs. CGDV - Expense Ratio Comparison

FAGIX has a 0.67% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

FAGIX vs. CGDV - Dividend Comparison

FAGIX's dividend yield for the trailing twelve months is around 4.47%, more than CGDV's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FAGIX Fidelity Capital & Income Fund	4.47%	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 CGDV in my portfolio?

FAGIX and CGDV have a correlation of 0.81, 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 CGDV?

CGDV has higher volatility (4.52%) compared to FAGIX (2.71%). In terms of maximum drawdown, FAGIX dropped -37.97% vs CGDV's -21.82%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.63 vs 2.27), 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.