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FWATX vs. CAPAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FWATX and CAPAX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

FWATX vs. CAPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) and Federated Hermes Capital Income Fund (CAPAX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
2.64%
4.38%
FWATX
CAPAX

Key characteristics

Sharpe Ratio

FWATX:

1.22

CAPAX:

1.74

Sortino Ratio

FWATX:

1.66

CAPAX:

2.40

Omega Ratio

FWATX:

1.23

CAPAX:

1.32

Calmar Ratio

FWATX:

1.69

CAPAX:

2.13

Martin Ratio

FWATX:

8.16

CAPAX:

10.71

Ulcer Index

FWATX:

1.14%

CAPAX:

0.94%

Daily Std Dev

FWATX:

7.58%

CAPAX:

5.80%

Max Drawdown

FWATX:

-21.66%

CAPAX:

-59.16%

Current Drawdown

FWATX:

-4.97%

CAPAX:

-2.69%

Returns By Period

The year-to-date returns for both investments are quite close, with FWATX having a 9.36% return and CAPAX slightly higher at 9.57%.


FWATX

YTD

9.36%

1M

-3.55%

6M

2.64%

1Y

9.86%

5Y*

7.45%

10Y*

N/A

CAPAX

YTD

9.57%

1M

-0.94%

6M

4.38%

1Y

10.61%

5Y*

5.01%

10Y*

4.29%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FWATX vs. CAPAX - Expense Ratio Comparison

FWATX has a 1.05% expense ratio, which is higher than CAPAX's 0.88% expense ratio.


FWATX
Fidelity Advisor Multi-Asset Income Fund Class A
Expense ratio chart for FWATX: current value at 1.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.05%
Expense ratio chart for CAPAX: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%

Risk-Adjusted Performance

FWATX vs. CAPAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) and Federated Hermes Capital Income Fund (CAPAX). 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.


Sharpe ratio
The chart of Sharpe ratio for FWATX, currently valued at 1.22, compared to the broader market-1.000.001.002.003.004.001.221.68
The chart of Sortino ratio for FWATX, currently valued at 1.66, compared to the broader market-2.000.002.004.006.008.0010.001.662.32
The chart of Omega ratio for FWATX, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.003.501.231.31
The chart of Calmar ratio for FWATX, currently valued at 1.69, compared to the broader market0.002.004.006.008.0010.0012.0014.001.692.04
The chart of Martin ratio for FWATX, currently valued at 8.16, compared to the broader market0.0020.0040.0060.008.1610.28
FWATX
CAPAX

The current FWATX Sharpe Ratio is 1.22, which is comparable to the CAPAX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of FWATX and CAPAX, 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 Ratio1.001.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
1.22
1.68
FWATX
CAPAX

Dividends

FWATX vs. CAPAX - Dividend Comparison

FWATX's dividend yield for the trailing twelve months is around 3.11%, less than CAPAX's 3.19% yield.


TTM20232022202120202019201820172016201520142013
FWATX
Fidelity Advisor Multi-Asset Income Fund Class A
3.11%3.97%3.59%2.74%3.05%2.54%2.20%2.44%4.34%0.98%0.00%0.00%
CAPAX
Federated Hermes Capital Income Fund
3.19%3.37%3.69%3.31%3.45%3.64%4.43%3.91%4.23%5.54%6.10%5.20%

Drawdowns

FWATX vs. CAPAX - Drawdown Comparison

The maximum FWATX drawdown since its inception was -21.66%, smaller than the maximum CAPAX drawdown of -59.16%. Use the drawdown chart below to compare losses from any high point for FWATX and CAPAX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.97%
-2.69%
FWATX
CAPAX

Volatility

FWATX vs. CAPAX - Volatility Comparison

Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) has a higher volatility of 3.53% compared to Federated Hermes Capital Income Fund (CAPAX) at 1.96%. This indicates that FWATX's price experiences larger fluctuations and is considered to be riskier than CAPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%JulyAugustSeptemberOctoberNovemberDecember
3.53%
1.96%
FWATX
CAPAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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