FAGIX vs. FSZ
FAGIX (Fidelity Capital & Income Fund) and FSZ (First Trust Switzerland AlphaDEX Fund) are both funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while FSZ is a Europe Equities fund tracking the NASDAQ AlphaDEX Switzerland Index. FAGIX is actively managed, while FSZ is passively managed. Over the past 10 years, FAGIX returned 8.03%/yr vs 10.12%/yr for FSZ. A 0.55 correlation means they provide meaningful diversification when combined. FAGIX charges 0.67%/yr vs 0.80%/yr for FSZ.
Performance
FAGIX vs. FSZ - 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 FSZ's 3.31% return. Over the past 10 years, FAGIX has underperformed FSZ with an annualized return of 8.03%, while FSZ has yielded a comparatively higher 10.12% annualized return.
FAGIX
- 1D
- 1.15%
- 1M
- 0.42%
- YTD
- 7.40%
- 6M
- 7.95%
- 1Y
- 17.42%
- 3Y*
- 12.87%
- 5Y*
- 6.75%
- 10Y*
- 8.03%
FSZ
- 1D
- 0.04%
- 1M
- 2.58%
- YTD
- 3.31%
- 6M
- 5.73%
- 1Y
- 10.99%
- 3Y*
- 12.66%
- 5Y*
- 6.04%
- 10Y*
- 10.12%
FAGIX vs. FSZ - 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% |
FSZ First Trust Switzerland AlphaDEX Fund | 3.31% | 30.10% | -1.85% | 21.30% | -20.12% | 20.18% | 13.83% | 25.88% | -15.22% | 31.30% |
Correlation
The correlation between FAGIX and FSZ is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2012 | 0.55 |
The correlation between FAGIX and FSZ has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
FAGIX vs. FSZ — Risk / Return Rank
FAGIX
FSZ
FAGIX vs. FSZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and First Trust Switzerland AlphaDEX Fund (FSZ). 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 | FSZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.12 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 0.90 | +3.95 |
| Martin ratioReturn relative to average drawdown | 19.86 | 2.22 | +17.64 |
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Drawdowns
FAGIX vs. FSZ - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.97%, which is greater than FSZ's maximum drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for FAGIX and FSZ.
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Drawdown Indicators
| FAGIX | FSZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -33.97% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -10.39% | +6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.26% | -13.93% | +6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -33.96% | +18.54% |
Max Drawdown (10Y)Largest decline over 10 years | -28.45% | -33.97% | +5.52% |
Current DrawdownCurrent decline from peak | -1.04% | -3.93% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -6.99% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 4.22% | -3.37% |
Volatility
FAGIX vs. FSZ - Volatility Comparison
The current volatility for Fidelity Capital & Income Fund (FAGIX) is 2.71%, while First Trust Switzerland AlphaDEX Fund (FSZ) has a volatility of 4.83%. This indicates that FAGIX experiences smaller price fluctuations and is considered to be less risky than FSZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGIX | FSZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 4.83% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 11.09% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 14.50% | -8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 19.38% | -12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 18.94% | -11.10% |
FAGIX vs. FSZ - Expense Ratio Comparison
FAGIX has a 0.67% expense ratio, which is lower than FSZ's 0.80% expense ratio.
Dividends
FAGIX vs. FSZ - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 4.47%, more than FSZ's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSZ First Trust Switzerland AlphaDEX Fund | 2.36% | 1.80% | 1.80% | 2.11% | 3.50% | 1.62% | 1.53% | 2.01% | 2.29% | 1.49% | 1.93% | 1.08% |
Frequently Asked Questions
FAGIX and FSZ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSZ has higher volatility (4.83%) compared to FAGIX (2.71%). In terms of maximum drawdown, FAGIX dropped -37.97% vs FSZ's -33.97%.
FAGIX currently has the higher Sharpe Ratio (2.63 vs 0.65), 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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