FNMIX vs. FAGIX
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and Fidelity Capital & Income Fund (FAGIX).
FNMIX is managed by Fidelity. 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: FNMIX or FAGIX.
Correlation
The correlation between FNMIX and FAGIX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNMIX vs. FAGIX - Performance Comparison
Key characteristics
FNMIX:
1.32
FAGIX:
0.97
FNMIX:
1.85
FAGIX:
1.34
FNMIX:
1.26
FAGIX:
1.19
FNMIX:
1.30
FAGIX:
0.93
FNMIX:
5.17
FAGIX:
3.65
FNMIX:
1.47%
FAGIX:
1.84%
FNMIX:
5.77%
FAGIX:
6.94%
FNMIX:
-43.58%
FAGIX:
-37.80%
FNMIX:
-2.40%
FAGIX:
-3.46%
Returns By Period
In the year-to-date period, FNMIX achieves a 1.49% return, which is significantly higher than FAGIX's -1.09% return. Over the past 10 years, FNMIX has underperformed FAGIX with an annualized return of 2.96%, while FAGIX has yielded a comparatively higher 4.52% annualized return.
FNMIX
1.49%
-1.04%
1.82%
7.62%
4.59%
2.96%
FAGIX
-1.09%
-0.30%
-0.13%
6.71%
7.22%
4.52%
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FNMIX vs. FAGIX - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
FNMIX vs. FAGIX — Risk-Adjusted Performance Rank
FNMIX
FAGIX
FNMIX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) 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
FNMIX vs. FAGIX - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.80%, less than FAGIX's 5.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.80% | 4.71% | 5.15% | 5.15% | 4.10% | 4.06% | 4.87% | 4.98% | 5.78% | 6.49% | 5.42% | 6.68% |
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
FNMIX vs. FAGIX - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -43.58%, which is greater than FAGIX's maximum drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for FNMIX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
FNMIX vs. FAGIX - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 3.56%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 4.43%. This indicates that FNMIX 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.