FTABX vs. FAGIX
Compare and contrast key facts about Fidelity Tax-Free Bond Fund (FTABX) and Fidelity Capital & Income Fund (FAGIX).
FTABX is managed by Fidelity. It was launched on Apr 10, 2001. 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: FTABX or FAGIX.
Key characteristics
| FTABX | FAGIX | |
|---|---|---|
| YTD Return | 2.06% | 11.57% |
| 1Y Return | 7.56% | 16.48% |
| 3Y Return (Ann) | -0.46% | 1.40% |
| 5Y Return (Ann) | 1.23% | 5.00% |
| 10Y Return (Ann) | 2.45% | 5.09% |
| Sharpe Ratio | 1.96 | 3.46 |
| Sortino Ratio | 2.91 | 5.30 |
| Omega Ratio | 1.46 | 1.77 |
| Calmar Ratio | 0.82 | 1.54 |
| Martin Ratio | 7.96 | 24.28 |
| Ulcer Index | 0.89% | 0.68% |
| Daily Std Dev | 3.63% | 4.82% |
| Max Drawdown | -15.78% | -37.80% |
| Current Drawdown | -2.33% | -0.48% |
Correlation
The correlation between FTABX and FAGIX is 0.06, 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
FTABX vs. FAGIX - Performance Comparison
In the year-to-date period, FTABX achieves a 2.06% return, which is significantly lower than FAGIX's 11.57% return. Over the past 10 years, FTABX has underperformed FAGIX with an annualized return of 2.45%, while FAGIX has yielded a comparatively higher 5.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTABX vs. FAGIX - Expense Ratio Comparison
FTABX has a 0.25% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
FTABX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) 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
FTABX vs. FAGIX - Dividend Comparison
FTABX's dividend yield for the trailing twelve months is around 3.00%, less than FAGIX's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTABX Fidelity Tax-Free Bond Fund | 3.00% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% | 3.86% |
FAGIX Fidelity Capital & Income Fund | 5.01% | 5.29% | 4.85% | 3.41% | 3.78% | 4.25% | 5.27% | 4.01% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
FTABX vs. FAGIX - Drawdown Comparison
The maximum FTABX drawdown since its inception was -15.78%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for FTABX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
FTABX vs. FAGIX - Volatility Comparison
Fidelity Tax-Free Bond Fund (FTABX) has a higher volatility of 1.84% compared to Fidelity Capital & Income Fund (FAGIX) at 1.16%. This indicates that FTABX'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.