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FTABX vs. FAGIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FTABX and FAGIX is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

FTABX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Tax-Free Bond Fund (FTABX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
153.11%
468.90%
FTABX
FAGIX

Key characteristics

Sharpe Ratio

FTABX:

0.15

FAGIX:

0.89

Sortino Ratio

FTABX:

0.23

FAGIX:

1.24

Omega Ratio

FTABX:

1.04

FAGIX:

1.18

Calmar Ratio

FTABX:

0.13

FAGIX:

0.85

Martin Ratio

FTABX:

0.53

FAGIX:

3.37

Ulcer Index

FTABX:

1.52%

FAGIX:

1.83%

Daily Std Dev

FTABX:

5.37%

FAGIX:

6.91%

Max Drawdown

FTABX:

-15.78%

FAGIX:

-37.80%

Current Drawdown

FTABX:

-4.77%

FAGIX:

-4.44%

Returns By Period

In the year-to-date period, FTABX achieves a -2.45% return, which is significantly lower than FAGIX's -2.08% return. Over the past 10 years, FTABX has underperformed FAGIX with an annualized return of 1.98%, while FAGIX has yielded a comparatively higher 4.37% annualized return.


FTABX

YTD

-2.45%

1M

-2.22%

6M

-1.71%

1Y

0.52%

5Y*

1.36%

10Y*

1.98%

FAGIX

YTD

-2.08%

1M

-2.18%

6M

-1.13%

1Y

5.86%

5Y*

7.13%

10Y*

4.37%

*Annualized

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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.


Expense ratio chart for FAGIX: current value is 0.67%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FAGIX: 0.67%
Expense ratio chart for FTABX: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FTABX: 0.25%

Risk-Adjusted Performance

FTABX vs. FAGIX — Risk-Adjusted Performance Rank

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

FTABX
The Risk-Adjusted Performance Rank of FTABX is 3434
Overall Rank
The Sharpe Ratio Rank of FTABX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of FTABX is 3030
Sortino Ratio Rank
The Omega Ratio Rank of FTABX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of FTABX is 3636
Calmar Ratio Rank
The Martin Ratio Rank of FTABX is 3535
Martin Ratio Rank

FAGIX
The Risk-Adjusted Performance Rank of FAGIX is 7676
Overall Rank
The Sharpe Ratio Rank of FAGIX is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of FAGIX is 7373
Sortino Ratio Rank
The Omega Ratio Rank of FAGIX is 7575
Omega Ratio Rank
The Calmar Ratio Rank of FAGIX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of FAGIX is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FTABX, currently valued at 0.15, compared to the broader market-1.000.001.002.003.00
FTABX: 0.15
FAGIX: 0.89
The chart of Sortino ratio for FTABX, currently valued at 0.23, compared to the broader market-2.000.002.004.006.008.00
FTABX: 0.23
FAGIX: 1.24
The chart of Omega ratio for FTABX, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.00
FTABX: 1.04
FAGIX: 1.18
The chart of Calmar ratio for FTABX, currently valued at 0.13, compared to the broader market0.002.004.006.008.0010.00
FTABX: 0.13
FAGIX: 0.85
The chart of Martin ratio for FTABX, currently valued at 0.53, compared to the broader market0.0010.0020.0030.0040.0050.00
FTABX: 0.53
FAGIX: 3.37

The current FTABX Sharpe Ratio is 0.15, which is lower than the FAGIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FTABX and FAGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.15
0.89
FTABX
FAGIX

Dividends

FTABX vs. FAGIX - Dividend Comparison

FTABX's dividend yield for the trailing twelve months is around 3.14%, less than FAGIX's 5.09% yield.


TTM20242023202220212020201920182017201620152014
FTABX
Fidelity Tax-Free Bond Fund
3.14%3.02%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%
FAGIX
Fidelity Capital & Income Fund
5.09%5.03%5.29%4.85%3.41%3.78%4.25%5.28%4.01%4.12%5.01%8.08%

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.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.77%
-4.44%
FTABX
FAGIX

Volatility

FTABX vs. FAGIX - Volatility Comparison

The current volatility for Fidelity Tax-Free Bond Fund (FTABX) is 4.10%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 4.38%. 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.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.10%
4.38%
FTABX
FAGIX