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FMSDX vs. FAGIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMSDX and FAGIX is 0.80, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FMSDX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

30.00%40.00%50.00%60.00%70.00%80.00%90.00%NovemberDecember2025FebruaryMarchApril
73.94%
35.49%
FMSDX
FAGIX

Key characteristics

Sharpe Ratio

FMSDX:

0.45

FAGIX:

0.97

Sortino Ratio

FMSDX:

0.69

FAGIX:

1.34

Omega Ratio

FMSDX:

1.09

FAGIX:

1.19

Calmar Ratio

FMSDX:

0.39

FAGIX:

0.93

Martin Ratio

FMSDX:

1.48

FAGIX:

3.65

Ulcer Index

FMSDX:

3.48%

FAGIX:

1.84%

Daily Std Dev

FMSDX:

11.37%

FAGIX:

6.94%

Max Drawdown

FMSDX:

-21.64%

FAGIX:

-37.80%

Current Drawdown

FMSDX:

-6.90%

FAGIX:

-3.46%

Returns By Period

In the year-to-date period, FMSDX achieves a -2.36% return, which is significantly lower than FAGIX's -1.09% return.


FMSDX

YTD

-2.36%

1M

-1.27%

6M

-1.99%

1Y

5.76%

5Y*

8.43%

10Y*

N/A

FAGIX

YTD

-1.09%

1M

-0.60%

6M

-0.13%

1Y

7.26%

5Y*

7.34%

10Y*

4.49%

*Annualized

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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.


Expense ratio chart for FMSDX: current value is 0.78%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FMSDX: 0.78%
Expense ratio chart for FAGIX: current value is 0.67%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FAGIX: 0.67%

Risk-Adjusted Performance

FMSDX vs. FAGIX — Risk-Adjusted Performance Rank

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

FMSDX
The Risk-Adjusted Performance Rank of FMSDX is 5050
Overall Rank
The Sharpe Ratio Rank of FMSDX is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of FMSDX is 4949
Sortino Ratio Rank
The Omega Ratio Rank of FMSDX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of FMSDX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of FMSDX is 4949
Martin Ratio Rank

FAGIX
The Risk-Adjusted Performance Rank of FAGIX is 7777
Overall Rank
The Sharpe Ratio Rank of FAGIX is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of FAGIX is 7474
Sortino Ratio Rank
The Omega Ratio Rank of FAGIX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of FAGIX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of FAGIX is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FMSDX vs. FAGIX - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for FMSDX, currently valued at 0.45, compared to the broader market-1.000.001.002.003.00
FMSDX: 0.45
FAGIX: 0.97
The chart of Sortino ratio for FMSDX, currently valued at 0.69, compared to the broader market-2.000.002.004.006.008.00
FMSDX: 0.69
FAGIX: 1.34
The chart of Omega ratio for FMSDX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.00
FMSDX: 1.09
FAGIX: 1.19
The chart of Calmar ratio for FMSDX, currently valued at 0.39, compared to the broader market0.002.004.006.008.0010.00
FMSDX: 0.39
FAGIX: 0.93
The chart of Martin ratio for FMSDX, currently valued at 1.48, compared to the broader market0.0010.0020.0030.0040.0050.00
FMSDX: 1.48
FAGIX: 3.65

The current FMSDX Sharpe Ratio is 0.45, which is lower than the FAGIX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FMSDX and FAGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.45
0.97
FMSDX
FAGIX

Dividends

FMSDX vs. FAGIX - Dividend Comparison

FMSDX's dividend yield for the trailing twelve months is around 3.95%, less than FAGIX's 5.04% yield.


TTM20242023202220212020201920182017201620152014
FMSDX
Fidelity Multi-Asset Income Fund
3.95%3.84%4.24%3.88%2.98%3.26%2.76%1.90%0.00%0.00%0.00%0.00%
FAGIX
Fidelity Capital & Income Fund
5.04%5.03%5.29%4.85%3.41%3.78%4.25%5.28%4.01%4.12%5.01%8.08%

Drawdowns

FMSDX vs. FAGIX - Drawdown Comparison

The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for FMSDX and FAGIX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-6.90%
-3.46%
FMSDX
FAGIX

Volatility

FMSDX vs. FAGIX - Volatility Comparison

Fidelity Multi-Asset Income Fund (FMSDX) has a higher volatility of 7.55% compared to Fidelity Capital & Income Fund (FAGIX) at 4.43%. 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.


0.00%2.00%4.00%6.00%8.00%NovemberDecember2025FebruaryMarchApril
7.55%
4.43%
FMSDX
FAGIX