FAGIX vs. FFRHX
Compare and contrast key facts about Fidelity Capital & Income Fund (FAGIX) and Fidelity Floating Rate High Income Fund (FFRHX).
FAGIX is managed by Fidelity. It was launched on Nov 1, 1977. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAGIX or FFRHX.
Key characteristics
| FAGIX | FFRHX | |
|---|---|---|
| YTD Return | 5.02% | 3.70% |
| 1Y Return | 14.10% | 11.94% |
| 3Y Return (Ann) | 3.74% | 5.86% |
| 5Y Return (Ann) | 6.78% | 5.00% |
| 10Y Return (Ann) | 6.16% | 4.21% |
| Sharpe Ratio | 3.00 | 4.30 |
| Daily Std Dev | 4.71% | 2.77% |
| Max Drawdown | -37.80% | -22.20% |
| Current Drawdown | -0.30% | 0.00% |
Correlation
The correlation between FAGIX and FFRHX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FAGIX vs. FFRHX - Performance Comparison
In the year-to-date period, FAGIX achieves a 5.02% return, which is significantly higher than FFRHX's 3.70% return. Over the past 10 years, FAGIX has outperformed FFRHX with an annualized return of 6.16%, while FFRHX has yielded a comparatively lower 4.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAGIX vs. FFRHX - Expense Ratio Comparison
Both FAGIX and FFRHX have an expense ratio of 0.67%.
Risk-Adjusted Performance
FAGIX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and Fidelity Floating Rate High Income Fund (FFRHX). 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.
Dividends
FAGIX vs. FFRHX - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 5.19%, less than FFRHX's 8.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 5.19% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
FFRHX Fidelity Floating Rate High Income Fund | 8.45% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FAGIX vs. FFRHX - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.80%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for FAGIX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FAGIX vs. FFRHX - Volatility Comparison
Fidelity Capital & Income Fund (FAGIX) has a higher volatility of 1.64% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 1.22%. This indicates that FAGIX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.