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.
Performance
FTABX vs. FAGIX - Performance Comparison
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FTABX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTABX Fidelity Tax-Free Bond Fund | -0.77% | 5.60% | 1.54% | 7.51% | -10.74% | 2.20% | 4.80% | 8.58% | 0.67% | 6.45% |
FAGIX Fidelity Capital & Income Fund | -0.85% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Returns By Period
In the year-to-date period, FTABX achieves a -0.77% return, which is significantly higher than FAGIX's -0.85% return. Over the past 10 years, FTABX has underperformed FAGIX with an annualized return of 2.29%, while FAGIX has yielded a comparatively higher 7.42% annualized return.
FTABX
- 1D
- 0.18%
- 1M
- -2.93%
- YTD
- -0.77%
- 6M
- 0.87%
- 1Y
- 4.33%
- 3Y*
- 3.49%
- 5Y*
- 0.93%
- 10Y*
- 2.29%
FAGIX
- 1D
- -0.56%
- 1M
- -3.17%
- YTD
- -0.85%
- 6M
- 0.91%
- 1Y
- 12.88%
- 3Y*
- 10.34%
- 5Y*
- 5.79%
- 10Y*
- 7.42%
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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.
Return for Risk
FTABX vs. FAGIX — Risk / Return Rank
FTABX
FAGIX
FTABX vs. FAGIX - Risk-Adjusted Trends 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.
| FTABX | FAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.91 | -0.84 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.63 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.79 | -1.64 |
Martin ratioReturn relative to average drawdown | 4.03 | 11.77 | -7.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTABX | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.91 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.90 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.96 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.85 | +0.18 |
Correlation
The correlation between FTABX and FAGIX is 0.07, 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.
Dividends
FTABX vs. FAGIX - Dividend Comparison
FTABX's dividend yield for the trailing twelve months is around 3.21%, less than FAGIX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTABX Fidelity Tax-Free Bond Fund | 3.21% | 4.18% | 2.81% | 2.90% | 2.16% | 2.27% | 2.64% | 2.94% | 3.01% | 3.49% | 4.22% | 3.29% |
FAGIX Fidelity Capital & Income Fund | 4.43% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
Drawdowns
FTABX vs. FAGIX - Drawdown Comparison
The maximum FTABX drawdown since its inception was -16.14%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for FTABX and FAGIX.
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Drawdown Indicators
| FTABX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -37.97% | +21.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.74% | -4.41% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -15.42% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | -28.45% | +12.31% |
Current DrawdownCurrent decline from peak | -2.93% | -3.49% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -7.01% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.05% | +0.31% |
Volatility
FTABX vs. FAGIX - Volatility Comparison
The current volatility for Fidelity Tax-Free Bond Fund (FTABX) is 1.10%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.47%. This indicates that FTABX 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.
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Volatility by Period
| FTABX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.47% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 4.53% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 6.95% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 6.47% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 7.78% | -3.51% |