FSUTX vs. FAGIX

Last updated Jun 13, 2026

FSUTX (Fidelity Select Utilities Portfolio) and FAGIX (Fidelity Capital & Income Fund) are both mutual funds - FSUTX is a Utilities Equities fund actively managed by Fidelity, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FSUTX returned 11.35%/yr vs 8.03%/yr for FAGIX. At a 0.38 correlation, their price movements are largely independent. FSUTX charges 0.74%/yr vs 0.67%/yr for FAGIX.

Performance

FSUTX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Utilities Portfolio (FSUTX) 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, FSUTX achieves a 3.35% return, which is significantly lower than FAGIX's 7.40% return. Over the past 10 years, FSUTX has outperformed FAGIX with an annualized return of 11.35%, while FAGIX has yielded a comparatively lower 8.03% annualized return.

FSUTX

• 1D: 0.51%
• 1M: -3.70%
• YTD: 3.35%
• 6M: 3.29%
• 1Y: 13.21%
• 3Y*: 16.47%
• 5Y*: 12.32%
• 10Y*: 11.35%

FAGIX

• 1D: 1.15%
• 1M: 0.42%
• YTD: 7.40%
• 6M: 7.95%
• 1Y: 17.42%
• 3Y*: 12.87%
• 5Y*: 6.75%
• 10Y*: 8.03%

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

FSUTX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSUTX Fidelity Select Utilities Portfolio	3.35%	16.19%	28.76%	-1.12%	5.20%	17.64%	0.75%	22.68%	8.41%	17.94%
FAGIX Fidelity Capital & Income Fund	7.40%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%

Correlation

The correlation between FSUTX and FAGIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 10, 1981	0.38

Return for Risk

FSUTX vs. FAGIX — Risk / Return Rank

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

FSUTX

FSUTX Risk / Return Rank: 18
FSUTX Sharpe Ratio Rank: 16
FSUTX Sortino Ratio Rank: 15
FSUTX Omega Ratio Rank: 15
FSUTX Calmar Ratio Rank: 27
FSUTX Martin Ratio Rank: 16

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 88
FAGIX Omega Ratio Rank: 87
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.

FSUTX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Utilities Portfolio (FSUTX) 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.

	FSUTX	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.63	-1.78
Sortino ratio: Return per unit of downside risk	1.24	3.75	-2.51
Omega ratio: Gain probability vs. loss probability	1.15	1.52	-0.36
Calmar ratio: Return relative to maximum drawdown	1.52	4.85	-3.33
Martin ratio: Return relative to average drawdown	3.41	19.86	-16.45

FSUTX vs. FAGIX - Sharpe Ratio Comparison

The current FSUTX Sharpe Ratio is 0.86, which is lower than the FAGIX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of FSUTX 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

FSUTX vs. FAGIX - Drawdown Comparison

The maximum FSUTX drawdown since its inception was -66.73%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FSUTX and FAGIX.

Drawdown Indicators

	FSUTX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-66.73%	-37.97%	-28.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-3.49%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	-7.26%	-7.94%
Max Drawdown (5Y) Largest decline over 5 years	-20.15%	-15.42%	-4.73%
Max Drawdown (10Y) Largest decline over 10 years	-37.61%	-28.45%	-9.16%
Current Drawdown Current decline from peak	-7.63%	-1.04%	-6.59%
Average Drawdown Average peak-to-trough decline	-11.25%	-6.98%	-4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	0.85%	+3.26%

Volatility

FSUTX vs. FAGIX - Volatility Comparison

Fidelity Select Utilities Portfolio (FSUTX) has a higher volatility of 5.96% compared to Fidelity Capital & Income Fund (FAGIX) at 2.71%. This indicates that FSUTX'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

	FSUTX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	2.71%	+3.25%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	5.30%	+7.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	6.42%	+9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	6.66%	+10.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	7.84%	+11.56%

FSUTX vs. FAGIX - Expense Ratio Comparison

FSUTX has a 0.74% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

Dividends

FSUTX vs. FAGIX - Dividend Comparison

FSUTX's dividend yield for the trailing twelve months is around 5.08%, more than FAGIX's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	4.47%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
FSUTX Fidelity Select Utilities Portfolio	5.08%	6.61%	6.50%	3.52%	4.67%	2.68%	4.86%	2.29%	8.37%	5.61%	2.51%	4.47%

Frequently Asked Questions

Can I hold both FSUTX and FAGIX in my portfolio?

FSUTX and FAGIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSUTX or FAGIX?

FSUTX has higher volatility (5.96%) compared to FAGIX (2.71%). In terms of maximum drawdown, FSUTX dropped -66.73% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.63 vs 0.86), 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.