FAGIX vs. EDEN
FAGIX (Fidelity Capital & Income Fund) and EDEN (iShares MSCI Denmark ETF) are both funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index. FAGIX is actively managed, while EDEN is passively managed. Over the past 10 years, FAGIX returned 8.03%/yr vs 9.22%/yr for EDEN. A 0.54 correlation means they provide meaningful diversification when combined. FAGIX charges 0.67%/yr vs 0.53%/yr for EDEN.
Performance
FAGIX vs. EDEN - Performance Comparison
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Returns By Period
In the year-to-date period, FAGIX achieves a 7.40% return, which is significantly higher than EDEN's -3.05% return. Over the past 10 years, FAGIX has underperformed EDEN with an annualized return of 8.03%, while EDEN has yielded a comparatively higher 9.22% annualized return.
FAGIX
- 1D
- 1.15%
- 1M
- 0.25%
- YTD
- 7.40%
- 6M
- 7.95%
- 1Y
- 16.73%
- 3Y*
- 12.87%
- 5Y*
- 6.75%
- 10Y*
- 8.03%
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
FAGIX vs. EDEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 7.40% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
Correlation
The correlation between FAGIX and EDEN is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.54 |
The correlation between FAGIX and EDEN has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
FAGIX vs. EDEN — Risk / Return Rank
FAGIX
EDEN
FAGIX vs. EDEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and iShares MSCI Denmark ETF (EDEN). 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 | EDEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.96 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | -0.33 | +5.18 |
| Martin ratioReturn relative to average drawdown | 19.86 | -0.72 | +20.58 |
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Drawdowns
FAGIX vs. EDEN - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.97%, roughly equal to the maximum EDEN drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FAGIX and EDEN.
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Drawdown Indicators
| FAGIX | EDEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -36.61% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -21.17% | +17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.26% | -29.31% | +22.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -36.61% | +21.19% |
Max Drawdown (10Y)Largest decline over 10 years | -28.45% | -36.61% | +8.16% |
Current DrawdownCurrent decline from peak | -1.04% | -13.55% | +12.51% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -7.37% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 10.27% | -9.42% |
Volatility
FAGIX vs. EDEN - Volatility Comparison
The current volatility for Fidelity Capital & Income Fund (FAGIX) is 2.71%, while iShares MSCI Denmark ETF (EDEN) has a volatility of 4.93%. This indicates that FAGIX experiences smaller price fluctuations and is considered to be less risky than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGIX | EDEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 4.93% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 15.72% | -10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 20.90% | -14.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 20.25% | -13.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 19.41% | -11.57% |
FAGIX vs. EDEN - Expense Ratio Comparison
FAGIX has a 0.67% expense ratio, which is higher than EDEN's 0.53% expense ratio.
Dividends
FAGIX vs. EDEN - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 4.47%, more than EDEN's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
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
FAGIX and EDEN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.93%) compared to FAGIX (2.71%). In terms of maximum drawdown, FAGIX dropped -37.97% vs EDEN's -36.61%.
FAGIX currently has the higher Sharpe Ratio (2.63 vs -0.34), 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.
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