FAGIX vs. NMHYX
Compare and contrast key facts about Fidelity Capital & Income Fund (FAGIX) and Northern Multi-Manager High Yield Opportunity Fund (NMHYX).
FAGIX is managed by Fidelity. It was launched on Nov 1, 1977. NMHYX is managed by BlackRock. It was launched on Sep 23, 2009.
Performance
FAGIX vs. NMHYX - Performance Comparison
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Returns By Period
In the year-to-date period, FAGIX achieves a 1.09% return, which is significantly higher than NMHYX's 0.07% return. Over the past 10 years, FAGIX has outperformed NMHYX with an annualized return of 7.63%, while NMHYX has yielded a comparatively lower 5.74% annualized return.
FAGIX
- 1D
- 0.09%
- 1M
- -0.73%
- YTD
- 1.09%
- 6M
- 2.60%
- 1Y
- 18.93%
- 3Y*
- 10.98%
- 5Y*
- 6.11%
- 10Y*
- 7.63%
NMHYX
- 1D
- 0.12%
- 1M
- -0.41%
- YTD
- 0.07%
- 6M
- 0.94%
- 1Y
- 8.74%
- 3Y*
- 7.97%
- 5Y*
- 4.05%
- 10Y*
- 5.74%
FAGIX vs. NMHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 1.09% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
NMHYX Northern Multi-Manager High Yield Opportunity Fund | 0.07% | 7.57% | 7.14% | 12.88% | -10.61% | 6.83% | 6.16% | 10.38% | -2.09% | 7.88% |
Correlation
The correlation between FAGIX and NMHYX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
FAGIX vs. NMHYX - Expense Ratio Comparison
FAGIX has a 0.67% expense ratio, which is lower than NMHYX's 0.87% expense ratio.
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Return for Risk
FAGIX vs. NMHYX — Risk / Return Rank
FAGIX
NMHYX
FAGIX vs. NMHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Capital & Income Fund (FAGIX) and Northern Multi-Manager High Yield Opportunity Fund (NMHYX). 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 | NMHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 1.77 | +0.27 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.52 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.99 | +1.35 |
Martin ratioReturn relative to average drawdown | 13.84 | 9.31 | +4.52 |
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 | NMHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.77 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.92 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 1.19 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.29 | -0.43 |
Drawdowns
FAGIX vs. NMHYX - Drawdown Comparison
The maximum FAGIX drawdown since its inception was -37.97%, which is greater than NMHYX's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for FAGIX and NMHYX.
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Drawdown Indicators
| FAGIX | NMHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.97% | -21.19% | -16.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.03% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -14.06% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -28.45% | -21.19% | -7.26% |
Current DrawdownCurrent decline from peak | -1.59% | -0.83% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -2.16% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.69% | +0.38% |
Volatility
FAGIX vs. NMHYX - Volatility Comparison
Fidelity Capital & Income Fund (FAGIX) has a higher volatility of 2.86% compared to Northern Multi-Manager High Yield Opportunity Fund (NMHYX) at 1.36%. This indicates that FAGIX's price experiences larger fluctuations and is considered to be riskier than NMHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGIX | NMHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 1.36% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 1.97% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 3.69% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 4.43% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.79% | 4.84% | +2.95% |
Dividends
FAGIX vs. NMHYX - Dividend Comparison
FAGIX's dividend yield for the trailing twelve months is around 4.34%, less than NMHYX's 7.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 4.34% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
NMHYX Northern Multi-Manager High Yield Opportunity Fund | 7.52% | 7.33% | 7.42% | 7.29% | 5.32% | 5.22% | 6.68% | 6.78% | 5.53% | 7.18% | 5.55% | 6.24% |