FFNOX vs. FAGIX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity Capital & Income Fund (FAGIX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. 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: FFNOX or FAGIX.
Performance
FFNOX vs. FAGIX - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 12.00% return, which is significantly higher than FAGIX's 11.14% return. Over the past 10 years, FFNOX has outperformed FAGIX with an annualized return of 7.68%, while FAGIX has yielded a comparatively lower 5.06% annualized return.
FFNOX
12.00%
-1.50%
5.56%
18.05%
7.54%
7.68%
FAGIX
11.14%
0.29%
5.62%
16.02%
5.00%
5.06%
Key characteristics
| FFNOX | FAGIX | |
|---|---|---|
| Sharpe Ratio | 1.75 | 3.24 |
| Sortino Ratio | 2.38 | 4.96 |
| Omega Ratio | 1.32 | 1.71 |
| Calmar Ratio | 1.31 | 1.48 |
| Martin Ratio | 9.41 | 22.65 |
| Ulcer Index | 1.98% | 0.69% |
| Daily Std Dev | 10.65% | 4.76% |
| Max Drawdown | -49.77% | -37.80% |
| Current Drawdown | -2.00% | -0.87% |
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FFNOX vs. FAGIX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Correlation
The correlation between FFNOX and FAGIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FFNOX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) 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
FFNOX vs. FAGIX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.87%, less than FAGIX's 5.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 1.87% | 3.83% | 2.04% | 2.43% | 2.87% | 2.96% | 2.90% | 2.49% | 2.50% | 2.78% | 2.46% | 2.05% |
FAGIX Fidelity Capital & Income Fund | 5.03% | 5.29% | 4.85% | 3.41% | 3.78% | 4.25% | 5.27% | 4.01% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
FFNOX vs. FAGIX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.77%, which is greater than FAGIX's maximum drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for FFNOX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. FAGIX - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 2.88% compared to Fidelity Capital & Income Fund (FAGIX) at 1.24%. This indicates that FFNOX'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.