FCBFX vs. FAGIX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity Capital & Income Fund (FAGIX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FAGIX.
Performance
FCBFX vs. FAGIX - Performance Comparison
Returns By Period
In the year-to-date period, FCBFX achieves a 3.14% return, which is significantly lower than FAGIX's 10.92% return. Over the past 10 years, FCBFX has underperformed FAGIX with an annualized return of 2.47%, while FAGIX has yielded a comparatively higher 5.07% annualized return.
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
FAGIX
10.92%
0.09%
5.63%
15.80%
4.92%
5.07%
Key characteristics
| FCBFX | FAGIX | |
|---|---|---|
| Sharpe Ratio | 1.44 | 3.25 |
| Sortino Ratio | 2.14 | 4.97 |
| Omega Ratio | 1.26 | 1.71 |
| Calmar Ratio | 0.54 | 1.48 |
| Martin Ratio | 5.62 | 22.75 |
| Ulcer Index | 1.57% | 0.68% |
| Daily Std Dev | 6.12% | 4.75% |
| Max Drawdown | -23.12% | -37.80% |
| Current Drawdown | -8.60% | -1.06% |
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FCBFX vs. FAGIX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Correlation
The correlation between FCBFX and FAGIX is 0.10, 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.
Risk-Adjusted Performance
FCBFX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) 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.
Dividends
FCBFX vs. FAGIX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.92%, less than FAGIX's 5.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.92% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
FAGIX Fidelity Capital & Income Fund | 5.04% | 5.29% | 4.85% | 3.41% | 3.78% | 4.25% | 5.27% | 4.01% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
FCBFX vs. FAGIX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -23.12%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for FCBFX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FAGIX - Volatility Comparison
Fidelity Corporate Bond Fund (FCBFX) has a higher volatility of 1.92% compared to Fidelity Capital & Income Fund (FAGIX) at 1.23%. This indicates that FCBFX'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.