FAGIX vs. MNTRX
FAGIX (Fidelity Capital & Income Fund) and MNTRX (Allspring Core Bond Fund) are both mutual funds - FAGIX is a High Yield Bonds fund actively managed by Fidelity, while MNTRX is a Intermediate Core Bond fund managed by Allspring Global Investments. Over the past 10 years, FAGIX returned 8.03%/yr vs 1.40%/yr for MNTRX. At a 0.04 correlation, their price movements are largely independent. FAGIX charges 0.67%/yr vs 0.70%/yr for MNTRX.
Performance
FAGIX vs. MNTRX - 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 MNTRX's 0.29% return. Over the past 10 years, FAGIX has outperformed MNTRX with an annualized return of 8.03%, while MNTRX has yielded a comparatively lower 1.40% annualized return.
FAGIX
- 1D
- 1.15%
- 1M
- -0.19%
- YTD
- 7.40%
- 6M
- 7.95%
- 1Y
- 17.42%
- 3Y*
- 12.87%
- 5Y*
- 6.75%
- 10Y*
- 8.03%
MNTRX
- 1D
- 0.55%
- 1M
- 0.52%
- YTD
- 0.29%
- 6M
- 0.90%
- 1Y
- 4.87%
- 3Y*
- 3.88%
- 5Y*
- -0.24%
- 10Y*
- 1.40%
FAGIX vs. MNTRX - 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% |
MNTRX Allspring Core Bond Fund | 0.29% | 7.16% | 1.38% | 5.37% | -13.82% | -2.10% | 8.51% | 8.18% | -0.57% | 3.28% |
Correlation
The correlation between FAGIX and MNTRX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1997 | 0.04 |
Over the past year, FAGIX and MNTRX have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
FAGIX vs. MNTRX — Risk / Return Rank
FAGIX
MNTRX
FAGIX vs. MNTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and Allspring Core Bond Fund (MNTRX). 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 | MNTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.22 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 1.56 | +3.29 |
| Martin ratioReturn relative to average drawdown | 19.86 | 4.59 | +15.27 |
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Drawdowns
FAGIX vs. MNTRX - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.97%, which is greater than MNTRX's maximum drawdown of -19.36%. Use the drawdown chart below to compare losses from any high point for FAGIX and MNTRX.
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Drawdown Indicators
| FAGIX | MNTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -19.36% | -18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -3.06% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -7.26% | -6.27% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -18.91% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -28.45% | -19.36% | -9.09% |
Current DrawdownCurrent decline from peak | -1.04% | -3.14% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -2.46% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.04% | -0.19% |
Volatility
FAGIX vs. MNTRX - Volatility Comparison
Fidelity Capital & Income Fund (FAGIX) has a higher volatility of 2.71% compared to Allspring Core Bond Fund (MNTRX) at 1.35%. This indicates that FAGIX's price experiences larger fluctuations and is considered to be riskier than MNTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGIX | MNTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 1.35% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 2.93% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 3.95% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.04% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 4.96% | +2.88% |
FAGIX vs. MNTRX - Expense Ratio Comparison
FAGIX has a 0.67% expense ratio, which is lower than MNTRX's 0.70% expense ratio.
Dividends
FAGIX vs. MNTRX - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 4.47%, more than MNTRX's 4.06% 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% |
MNTRX Allspring Core Bond Fund | 4.06% | 4.07% | 4.13% | 3.19% | 1.85% | 1.75% | 6.35% | 2.46% | 2.33% | 1.74% | 1.97% | 1.45% |
Frequently Asked Questions
FAGIX and MNTRX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGIX has higher volatility (2.71%) compared to MNTRX (1.35%). In terms of maximum drawdown, FAGIX dropped -37.97% vs MNTRX's -19.36%.
FAGIX currently has the higher Sharpe Ratio (2.63 vs 1.22), 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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