FAGIX vs. IOO
FAGIX (Fidelity Capital & Income Fund) and IOO (iShares Global 100 ETF) are both funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while IOO is a Global Equities fund tracking the S&P Global 100 Index (Net). FAGIX is actively managed, while IOO is passively managed. Over the past 10 years, FAGIX returned 7.88%/yr vs 16.53%/yr for IOO. A 0.63 correlation means they provide meaningful diversification when combined. FAGIX charges 0.67%/yr vs 0.40%/yr for IOO.
Performance
FAGIX vs. IOO - Performance Comparison
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Returns By Period
In the year-to-date period, FAGIX achieves a 6.93% return, which is significantly lower than IOO's 9.70% return. Over the past 10 years, FAGIX has underperformed IOO with an annualized return of 7.88%, while IOO has yielded a comparatively higher 16.53% annualized return.
FAGIX
- 1D
- -1.47%
- 1M
- 0.16%
- YTD
- 6.93%
- 6M
- 7.48%
- 1Y
- 16.45%
- 3Y*
- 12.79%
- 5Y*
- 6.79%
- 10Y*
- 7.88%
IOO
- 1D
- 0.27%
- 1M
- -0.80%
- YTD
- 9.70%
- 6M
- 9.96%
- 1Y
- 33.76%
- 3Y*
- 24.64%
- 5Y*
- 16.11%
- 10Y*
- 16.53%
FAGIX vs. IOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 6.93% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
IOO iShares Global 100 ETF | 9.70% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
Correlation
The correlation between FAGIX and IOO is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2000 | 0.63 |
The correlation between FAGIX and IOO shifts across timeframes, from 0.63 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAGIX vs. IOO — Risk / Return Rank
FAGIX
IOO
FAGIX vs. IOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and iShares Global 100 ETF (IOO). 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.
| FAGIX | IOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.44 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.41 | +1.39 |
| Martin ratioReturn relative to average drawdown | 20.14 | 15.65 | +4.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAGIX | IOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.45 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.95 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.93 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.39 | +0.49 |
Drawdowns
FAGIX vs. IOO - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.97%, smaller than the maximum IOO drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for FAGIX and IOO.
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Drawdown Indicators
| FAGIX | IOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -55.85% | +17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -9.94% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.26% | -19.19% | +11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -23.52% | +8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.45% | -31.43% | +2.98% |
Current DrawdownCurrent decline from peak | -1.47% | -3.57% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -11.27% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.16% | -1.33% |
Volatility
FAGIX vs. IOO - Volatility Comparison
The current volatility for Fidelity Capital & Income Fund (FAGIX) is 2.35%, while iShares Global 100 ETF (IOO) has a volatility of 4.47%. This indicates that FAGIX experiences smaller price fluctuations and is considered to be less risky than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGIX | IOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 4.47% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 11.04% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 13.88% | -7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 17.09% | -10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 17.80% | -9.97% |
FAGIX vs. IOO - Expense Ratio Comparison
FAGIX has a 0.67% expense ratio, which is higher than IOO's 0.40% expense ratio.
Dividends
FAGIX vs. IOO - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 4.49%, more than IOO's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 4.49% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
IOO iShares Global 100 ETF | 0.84% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
Frequently Asked Questions
FAGIX and IOO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOO has higher volatility (4.47%) compared to FAGIX (2.35%). In terms of maximum drawdown, FAGIX dropped -37.97% vs IOO's -55.85%.
FAGIX currently has the higher Sharpe Ratio (2.68 vs 2.45), 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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