FSUVX vs. FAGIX

Last updated Jul 17, 2026

FSUVX (Fidelity SAI U.S. Low Volatility Index Fund) and FAGIX (Fidelity Capital & Income Fund) are both mutual funds - FSUVX is a Large Cap Blend Equities fund managed by Fidelity, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Over the past 10 years, FSUVX returned 10.93%/yr vs 7.74%/yr for FAGIX. A 0.64 correlation means they provide meaningful diversification when combined. FSUVX charges 0.11%/yr vs 0.67%/yr for FAGIX.

Performance

FSUVX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) 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, FSUVX achieves a 6.62% return, which is significantly lower than FAGIX's 7.17% return. Over the past 10 years, FSUVX has outperformed FAGIX with an annualized return of 10.93%, while FAGIX has yielded a comparatively lower 7.74% annualized return.

FSUVX

• 1D: 0.25%
• 1M: 0.87%
• 6M: 5.06%
• YTD: 6.62%
• 1Y: 11.47%
• 3Y*: 13.82%
• 5Y*: 8.90%
• 10Y*: 10.93%

FAGIX

• 1D: 0.00%
• 1M: -0.81%
• 6M: 5.52%
• YTD: 7.17%
• 1Y: 13.96%
• 3Y*: 12.08%
• 5Y*: 6.67%
• 10Y*: 7.74%

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

FSUVX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	6.62%	11.03%	17.40%	14.80%	-10.93%	21.51%	9.86%	27.73%	1.35%	17.68%
FAGIX Fidelity Capital & Income Fund	7.17%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%

Correlation

The correlation between FSUVX and FAGIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015	0.64

Over the past year, the correlation between FSUVX and FAGIX has dropped to 0.41 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

FSUVX vs. FAGIX — Risk / Return Rank

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

FSUVX

FSUVX Risk / Return Rank: 37
FSUVX Sharpe Ratio Rank: 39
FSUVX Sortino Ratio Rank: 39
FSUVX Omega Ratio Rank: 37
FSUVX Calmar Ratio Rank: 31
FSUVX Martin Ratio Rank: 39

FAGIX

FAGIX Risk / Return Rank: 84
FAGIX Sharpe Ratio Rank: 79
FAGIX Sortino Ratio Rank: 78
FAGIX Omega Ratio Rank: 79
FAGIX Calmar Ratio Rank: 93
FAGIX Martin Ratio Rank: 93

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.

FSUVX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) 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.

	FSUVX	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	2.05	-0.65
Sortino ratio: Return per unit of downside risk	2.03	2.89	-0.86
Omega ratio: Gain probability vs. loss probability	1.25	1.39	-0.14
Calmar ratio: Return relative to maximum drawdown	1.68	4.02	-2.34
Martin ratio: Return relative to average drawdown	6.88	15.24	-8.36

FSUVX vs. FAGIX - Sharpe Ratio Comparison

The current FSUVX Sharpe Ratio is 1.40, which is lower than the FAGIX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of FSUVX 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

FSUVX vs. FAGIX - Drawdown Comparison

The maximum FSUVX drawdown since its inception was -32.41%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FSUVX and FAGIX.

Drawdown Indicators

	FSUVX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.41%	-37.97%	+5.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-3.49%	-3.79%
Max Drawdown (3Y) Largest decline over 3 years	-11.55%	-7.26%	-4.29%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-15.42%	-4.06%
Max Drawdown (10Y) Largest decline over 10 years	-32.41%	-28.45%	-3.96%
Current Drawdown Current decline from peak	-1.10%	-1.50%	+0.40%
Average Drawdown Average peak-to-trough decline	-3.26%	-6.97%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	0.92%	+0.86%

Volatility

FSUVX vs. FAGIX - Volatility Comparison

Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) has a higher volatility of 3.33% compared to Fidelity Capital & Income Fund (FAGIX) at 2.78%. This indicates that FSUVX'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

	FSUVX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	2.78%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	6.98%	5.74%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	8.78%	6.84%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	6.76%	+6.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	7.82%	+7.36%

FSUVX vs. FAGIX - Expense Ratio Comparison

FSUVX has a 0.11% expense ratio, which is lower than FAGIX's 0.67% expense ratio.

Dividends

FSUVX vs. FAGIX - Dividend Comparison

FSUVX's dividend yield for the trailing twelve months is around 4.18%, less than FAGIX's 5.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	5.31%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.18%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%

Frequently Asked Questions

Can I hold both FSUVX and FAGIX in my portfolio?

FSUVX and FAGIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSUVX or FAGIX?

FSUVX has higher volatility (3.33%) compared to FAGIX (2.78%). In terms of maximum drawdown, FSUVX dropped -32.41% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.05 vs 1.40), 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.