FKIQX vs. FAGIX
FKIQX (Franklin Income Fund Class A) and FAGIX (Fidelity Capital & Income Fund) are both mutual funds - FKIQX is a Diversified Portfolio fund actively managed by Franklin Templeton, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FKIQX returned 6.28%/yr vs 6.17%/yr for FAGIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. FKIQX charges 0.71%/yr vs 0.67%/yr for FAGIX.
Performance
FKIQX vs. FAGIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FKIQX having a 5.59% return and FAGIX slightly lower at 5.47%.
FKIQX
- 1D
- 0.39%
- 1M
- 0.00%
- 6M
- 2.65%
- YTD
- 5.59%
- 1Y
- 11.83%
- 3Y*
- 9.08%
- 5Y*
- 6.28%
- 10Y*
- —
- ALL TIME*
- 6.96%
FAGIX
- 1D
- 1.00%
- 1M
- -1.59%
- 6M
- 3.79%
- YTD
- 5.47%
- 1Y
- 11.22%
- 3Y*
- 11.21%
- 5Y*
- 6.17%
- 10Y*
- 7.47%
- ALL TIME*
- 6.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FKIQX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FKIQX Franklin Income Fund Class A | 5.59% | 11.66% | 7.04% | 8.57% | -5.59% | 17.58% | 3.46% | 15.69% | -6.59% |
FAGIX Fidelity Capital & Income Fund | 5.47% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.07% |
Correlation
The correlation between FKIQX and FAGIX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.65 |
Over the past year, the correlation between FKIQX and FAGIX has dropped to 0.34 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
FKIQX vs. FAGIX — Risk / Return Rank
FKIQX
FAGIX
FKIQX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Fund Class A (FKIQX) 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.
| FKIQX | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.28 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.72 | +1.03 |
| Martin ratioReturn relative to average drawdown | 14.61 | 10.26 | +4.35 |
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Drawdowns
FKIQX vs. FAGIX - Drawdown Comparison
The maximum FKIQX drawdown since its inception was -25.31%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FKIQX and FAGIX.
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Drawdown Indicators
| FKIQX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.31% | -37.97% | +12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -4.02% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.47% | -7.26% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -15.42% | +1.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.07% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -6.97% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.06% | -0.28% |
Volatility
FKIQX vs. FAGIX - Volatility Comparison
The current volatility for Franklin Income Fund Class A (FKIQX) is 1.50%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.24%. This indicates that FKIQX experiences smaller price fluctuations and is considered to be less risky than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKIQX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 2.24% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 5.94% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 7.04% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 6.79% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.04% | 7.84% | +2.20% |
FKIQX vs. FAGIX - Expense Ratio Comparison
FKIQX has a 0.71% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Dividends
FKIQX vs. FAGIX - Dividend Comparison
FKIQX's dividend yield for the trailing twelve months is around 5.46%, more than FAGIX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 5.05% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
FKIQX Franklin Income Fund Class A | 5.04% | 5.08% | 5.52% | 5.45% | 5.35% | 6.40% | 5.14% | 5.03% | 1.38% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FKIQX and FAGIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGIX has higher volatility (2.24%) compared to FKIQX (1.50%). In terms of maximum drawdown, FKIQX dropped -25.31% vs FAGIX's -37.97%.
FKIQX currently has the higher Sharpe Ratio (2.33 vs 1.55), 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.
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