FMSDX vs. FAGIX
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity Capital & Income Fund (FAGIX).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Performance
FMSDX vs. FAGIX - Performance Comparison
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FMSDX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 0.32% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
FAGIX Fidelity Capital & Income Fund | -0.85% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.82% |
Returns By Period
In the year-to-date period, FMSDX achieves a 0.32% return, which is significantly higher than FAGIX's -0.85% return.
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- —
FAGIX
- 1D
- -0.56%
- 1M
- -3.17%
- YTD
- -0.85%
- 6M
- 0.91%
- 1Y
- 12.88%
- 3Y*
- 10.34%
- 5Y*
- 5.79%
- 10Y*
- 7.42%
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FMSDX vs. FAGIX - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Return for Risk
FMSDX vs. FAGIX — Risk / Return Rank
FMSDX
FAGIX
FMSDX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) 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.
| FMSDX | FAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.91 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.99 | 2.63 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.79 | -0.74 |
Martin ratioReturn relative to average drawdown | 7.80 | 11.77 | -3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMSDX | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.91 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.90 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.85 | -0.01 |
Correlation
The correlation between FMSDX and FAGIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMSDX vs. FAGIX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.53%, less than FAGIX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.53% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
FAGIX Fidelity Capital & Income Fund | 4.43% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
Drawdowns
FMSDX vs. FAGIX - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FMSDX and FAGIX.
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Drawdown Indicators
| FMSDX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -37.97% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -4.41% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -15.42% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.45% | — |
Current DrawdownCurrent decline from peak | -6.47% | -3.49% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -7.01% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.05% | +1.04% |
Volatility
FMSDX vs. FAGIX - Volatility Comparison
Fidelity Multi-Asset Income Fund (FMSDX) has a higher volatility of 3.94% compared to Fidelity Capital & Income Fund (FAGIX) at 2.47%. This indicates that FMSDX'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.
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Volatility by Period
| FMSDX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.47% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 4.53% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 6.95% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 6.47% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 7.78% | +2.83% |