FGTKX vs. FAGIX

Last updated Jun 23, 2026

FGTKX (Fidelity Freedom 2030 Fund Class K6) and FAGIX (Fidelity Capital & Income Fund) are both mutual funds - FGTKX is a Target Retirement Date fund managed by Fidelity, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Over the past 5 years, FGTKX returned 7.87%/yr vs 7.14%/yr for FAGIX. Their correlation of 0.84 suggests significant overlap in exposure. FGTKX charges 0.46%/yr vs 0.67%/yr for FAGIX.

Performance

FGTKX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2030 Fund Class K6 (FGTKX) 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, FGTKX achieves a 9.82% return, which is significantly higher than FAGIX's 8.52% return.

FGTKX

• 1D: 1.07%
• 1M: 2.47%
• YTD: 9.82%
• 6M: 9.93%
• 1Y: 22.00%
• 3Y*: 15.51%
• 5Y*: 7.87%
• 10Y*: —

FAGIX

• 1D: 0.70%
• 1M: 1.92%
• YTD: 8.52%
• 6M: 8.86%
• 1Y: 18.07%
• 3Y*: 13.10%
• 5Y*: 7.14%
• 10Y*: 8.14%

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

FGTKX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGTKX Fidelity Freedom 2030 Fund Class K6	9.82%	17.95%	12.72%	15.72%	-16.78%	11.76%	15.91%	22.06%	-6.81%	8.60%
FAGIX Fidelity Capital & Income Fund	8.52%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	4.94%

Correlation

The correlation between FGTKX and FAGIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.84

The correlation between FGTKX and FAGIX has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

FGTKX vs. FAGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGTKX

FGTKX Risk / Return Rank: 76
FGTKX Sharpe Ratio Rank: 76
FGTKX Sortino Ratio Rank: 74
FGTKX Omega Ratio Rank: 76
FGTKX Calmar Ratio Rank: 74
FGTKX Martin Ratio Rank: 79

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 89
FAGIX Omega Ratio Rank: 86
FAGIX Calmar Ratio Rank: 95
FAGIX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGTKX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund Class K6 (FGTKX) 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.

	FGTKX	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.80	-0.47
Sortino ratio: Return per unit of downside risk	3.28	4.02	-0.74
Omega ratio: Gain probability vs. loss probability	1.45	1.55	-0.10
Calmar ratio: Return relative to maximum drawdown	3.20	5.20	-2.01
Martin ratio: Return relative to average drawdown	13.69	21.24	-7.54

FGTKX vs. FAGIX - Sharpe Ratio Comparison

The current FGTKX Sharpe Ratio is 2.34, which is comparable to the FAGIX Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of FGTKX 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

FGTKX vs. FAGIX - Drawdown Comparison

The maximum FGTKX drawdown since its inception was -24.66%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FGTKX and FAGIX.

Drawdown Indicators

	FGTKX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.66%	-37.97%	+13.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-3.49%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	-9.98%	-7.26%	-2.72%
Max Drawdown (5Y) Largest decline over 5 years	-24.18%	-15.42%	-8.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.45%	—
Current Drawdown Current decline from peak	0.00%	-0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.78%	-6.98%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	0.85%	+0.74%

Volatility

FGTKX vs. FAGIX - Volatility Comparison

Fidelity Freedom 2030 Fund Class K6 (FGTKX) has a higher volatility of 3.97% compared to Fidelity Capital & Income Fund (FAGIX) at 2.74%. This indicates that FGTKX'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

	FGTKX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.74%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	5.38%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	6.47%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.93%	6.68%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	7.85%	+3.89%

FGTKX vs. FAGIX - Expense Ratio Comparison

FGTKX has a 0.46% expense ratio, which is lower than FAGIX's 0.67% expense ratio.

Dividends

FGTKX vs. FAGIX - Dividend Comparison

FGTKX's dividend yield for the trailing twelve months is around 6.29%, more than FAGIX's 5.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	5.23%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
FGTKX Fidelity Freedom 2030 Fund Class K6	6.29%	5.75%	6.28%	2.18%	10.38%	11.19%	6.49%	7.08%	7.77%	3.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGTKX and FAGIX in my portfolio?

FGTKX and FAGIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGTKX or FAGIX?

FGTKX has higher volatility (3.97%) compared to FAGIX (2.74%). In terms of maximum drawdown, FGTKX dropped -24.66% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.80 vs 2.34), 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.