FARCX vs. FAGIX

Last updated Aug 4, 2026

FARCX (Nuveen Real Estate Securities Fund) and FAGIX (Fidelity Capital & Income Fund) are both mutual funds - FARCX is a REIT fund managed by Nuveen, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Over the past 10 years, FARCX returned 5.36%/yr vs 7.57%/yr for FAGIX. Their 0.40 correlation means their historical movements had little consistent relationship. FARCX charges 0.97%/yr vs 0.67%/yr for FAGIX.

Performance

FARCX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Real Estate Securities Fund (FARCX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FARCX achieves a 18.37% return, which is significantly higher than FAGIX's 5.94% return. Over the past 10 years, FARCX has underperformed FAGIX with an annualized return of 5.36%, while FAGIX has yielded a comparatively higher 7.57% annualized return.

FARCX

• 1D: -0.65%
• 1M: 0.77%
• 6M: 16.52%
• YTD: 18.37%
• 1Y: 23.02%
• 3Y*: 10.65%
• 5Y*: 4.02%
• 10Y*: 5.36%
• ALL TIME*: 9.87%

FAGIX

• 1D: 0.45%
• 1M: -1.15%
• 6M: 4.06%
• YTD: 5.94%
• 1Y: 11.72%
• 3Y*: 11.46%
• 5Y*: 6.27%
• 10Y*: 7.57%
• ALL TIME*: 6.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAGIX Fidelity Capital & Income Fund	$0.00	$0.00	$0.00
FARCX Nuveen Real Estate Securities Fund	$0.00	$0.00	$0.00

FARCX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FARCX Nuveen Real Estate Securities Fund	18.37%	2.56%	6.04%	11.55%	-24.57%	41.57%	-6.14%	25.63%	-5.57%	5.67%
FAGIX Fidelity Capital & Income Fund	5.94%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%

Correlation

The correlation between FARCX and FAGIX is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.44
Correlation (All Time) Calculated using the full available price history since Jun 30, 1995	0.40

Over the past year, the correlation between FARCX and FAGIX has dropped to 0.13 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

FARCX vs. FAGIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FARCX

FARCX Risk / Return Rank: 71
FARCX Sharpe Ratio Rank: 68
FARCX Sortino Ratio Rank: 65
FARCX Omega Ratio Rank: 61
FARCX Calmar Ratio Rank: 83
FARCX Martin Ratio Rank: 78

FAGIX

FAGIX Risk / Return Rank: 67
FAGIX Sharpe Ratio Rank: 59
FAGIX Sortino Ratio Rank: 58
FAGIX Omega Ratio Rank: 58
FAGIX Calmar Ratio Rank: 80
FAGIX Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FARCX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Estate Securities Fund (FARCX) and Fidelity Capital & Income Fund (FAGIX). 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.

	FARCX	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.57	+0.12
Sortino ratio: Return per unit of downside risk	2.35	2.22	+0.13
Omega ratio: Gain probability vs. loss probability	1.30	1.29	+0.01
Calmar ratio: Return relative to maximum drawdown	2.91	2.74	+0.17
Martin ratio: Return relative to average drawdown	9.99	10.24	-0.25

FARCX vs. FAGIX - Sharpe Ratio Comparison

The current FARCX Sharpe Ratio is 1.69, which is comparable to the FAGIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of FARCX and FAGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FARCX vs. FAGIX - Drawdown Comparison

The maximum FARCX drawdown since its inception was -70.62%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FARCX and FAGIX.

Drawdown Indicators

	FARCX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.62%	-37.97%	-32.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-4.02%	-3.81%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-7.26%	-10.33%
Max Drawdown (5Y) Largest decline over 5 years	-31.77%	-15.42%	-16.35%
Max Drawdown (10Y) Largest decline over 10 years	-41.05%	-28.45%	-12.60%
Current Drawdown Current decline from peak	-2.82%	-2.63%	-0.19%
Average Drawdown Average peak-to-trough decline	-10.40%	-6.97%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.08%	+1.21%

Volatility

FARCX vs. FAGIX - Volatility Comparison

Nuveen Real Estate Securities Fund (FARCX) has a higher volatility of 4.51% compared to Fidelity Capital & Income Fund (FAGIX) at 2.25%. This indicates that FARCX's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FARCX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	2.25%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	10.56%	5.95%	+4.61%
Volatility (1Y) Calculated over the trailing 1-year period	13.61%	7.05%	+6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	6.79%	+11.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.21%	7.84%	+12.37%

FARCX vs. FAGIX - Expense Ratio Comparison

FARCX has a 0.97% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

Dividends

FARCX vs. FAGIX - Dividend Comparison

FARCX's dividend yield for the trailing twelve months is around 4.80%, less than FAGIX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	5.03%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
FARCX Nuveen Real Estate Securities Fund	4.80%	5.77%	9.34%	3.30%	20.25%	15.12%	2.89%	11.46%	6.19%	13.43%	10.99%	8.24%

Frequently Asked Questions

Can I hold both FARCX and FAGIX in my portfolio?

FARCX and FAGIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FARCX or FAGIX?

FARCX has higher volatility (4.51%) compared to FAGIX (2.25%). In terms of maximum drawdown, FARCX dropped -70.62% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FARCX currently has the higher Sharpe Ratio (1.69 vs 1.57), 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.