FAGIX vs. FTABX
Compare and contrast key facts about Fidelity Capital & Income Fund (FAGIX) and Fidelity Tax-Free Bond Fund (FTABX).
FAGIX is managed by Fidelity. It was launched on Nov 1, 1977. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAGIX or FTABX.
Key characteristics
| FAGIX | FTABX | |
|---|---|---|
| YTD Return | 5.02% | 0.07% |
| 1Y Return | 14.10% | 4.13% |
| 3Y Return (Ann) | 3.74% | -0.74% |
| 5Y Return (Ann) | 6.78% | 1.53% |
| 10Y Return (Ann) | 6.16% | 2.73% |
| Sharpe Ratio | 3.00 | 1.29 |
| Daily Std Dev | 4.71% | 4.09% |
| Max Drawdown | -37.80% | -15.54% |
| Current Drawdown | -0.30% | -3.97% |
Correlation
The correlation between FAGIX and FTABX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FAGIX vs. FTABX - Performance Comparison
In the year-to-date period, FAGIX achieves a 5.02% return, which is significantly higher than FTABX's 0.07% return. Over the past 10 years, FAGIX has outperformed FTABX with an annualized return of 6.16%, while FTABX has yielded a comparatively lower 2.73% 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. FTABX - Expense Ratio Comparison
FAGIX has a 0.67% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
FAGIX vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and Fidelity Tax-Free Bond Fund (FTABX). 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. FTABX - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 5.19%, more than FTABX's 2.98% 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% |
FTABX Fidelity Tax-Free Bond Fund | 2.98% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% | 3.86% |
Drawdowns
FAGIX vs. FTABX - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.80%, which is greater than FTABX's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for FAGIX and FTABX. For additional features, visit the drawdowns tool.
Volatility
FAGIX vs. FTABX - Volatility Comparison
Fidelity Capital & Income Fund (FAGIX) has a higher volatility of 1.64% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.72%. This indicates that FAGIX's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.