GHYG vs. FAGIX
GHYG (iShares US & Intl High Yield Corp Bond ETF) and FAGIX (Fidelity Capital & Income Fund) are both High Yield Bonds funds. Over the past 10 years, GHYG returned 4.82%/yr vs 8.10%/yr for FAGIX. A 0.56 correlation means they provide meaningful diversification when combined. GHYG charges 0.40%/yr vs 0.67%/yr for FAGIX.
Performance
GHYG vs. FAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, GHYG achieves a 0.62% return, which is significantly lower than FAGIX's 8.43% return. Over the past 10 years, GHYG has underperformed FAGIX with an annualized return of 4.82%, while FAGIX has yielded a comparatively higher 8.10% annualized return.
GHYG
- 1D
- -0.15%
- 1M
- 0.20%
- YTD
- 0.62%
- 6M
- 0.87%
- 1Y
- 6.33%
- 3Y*
- 8.91%
- 5Y*
- 3.28%
- 10Y*
- 4.82%
FAGIX
- 1D
- 0.43%
- 1M
- 2.37%
- YTD
- 8.43%
- 6M
- 9.49%
- 1Y
- 18.43%
- 3Y*
- 13.35%
- 5Y*
- 7.15%
- 10Y*
- 8.10%
GHYG vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 0.62% | 11.28% | 5.85% | 13.29% | -12.15% | 1.62% | 6.68% | 13.47% | -3.79% | 8.97% |
FAGIX Fidelity Capital & Income Fund | 8.43% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Correlation
The correlation between GHYG and FAGIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2012 | 0.56 |
The correlation between GHYG and FAGIX has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
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Return for Risk
GHYG vs. FAGIX — Risk / Return Rank
GHYG
FAGIX
GHYG vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) 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.
| GHYG | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.63 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 5.51 | -3.85 |
| Martin ratioReturn relative to average drawdown | 6.19 | 23.25 | -17.05 |
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
| GHYG | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 3.16 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.09 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 1.04 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.88 | -0.33 |
Drawdowns
GHYG vs. FAGIX - Drawdown Comparison
The maximum GHYG drawdown since its inception was -27.36%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for GHYG and FAGIX.
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Drawdown Indicators
| GHYG | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -37.97% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -3.49% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -7.26% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -15.42% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -28.45% | +1.09% |
Current DrawdownCurrent decline from peak | -0.73% | 0.00% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -6.98% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.82% | +0.20% |
Volatility
GHYG vs. FAGIX - Volatility Comparison
iShares US & Intl High Yield Corp Bond ETF (GHYG) and Fidelity Capital & Income Fund (FAGIX) have volatilities of 1.91% and 1.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYG | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.89% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 4.85% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.69% | 6.08% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 6.59% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 7.82% | +0.95% |
GHYG vs. FAGIX - Expense Ratio Comparison
GHYG has a 0.40% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Dividends
GHYG vs. FAGIX - Dividend Comparison
GHYG's dividend yield for the trailing twelve months is around 6.23%, more than FAGIX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 4.42% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 6.23% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
Frequently Asked Questions
GHYG and FAGIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHYG has higher volatility (1.91%) compared to FAGIX (1.89%). In terms of maximum drawdown, GHYG dropped -27.36% vs FAGIX's -37.97%.
FAGIX currently has the higher Sharpe Ratio (3.16 vs 1.36), 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.
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