GIGB vs. FAGIX
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Fidelity Capital & Income Fund (FAGIX).
GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017. 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: GIGB or FAGIX.
Key characteristics
| GIGB | FAGIX | |
|---|---|---|
| YTD Return | -1.73% | 4.28% |
| 1Y Return | 2.47% | 13.30% |
| 3Y Return (Ann) | -2.78% | 3.43% |
| 5Y Return (Ann) | 1.12% | 6.37% |
| Sharpe Ratio | 0.31 | 2.75 |
| Daily Std Dev | 7.42% | 4.71% |
| Max Drawdown | -22.25% | -37.80% |
| Current Drawdown | -11.54% | -0.20% |
Correlation
The correlation between GIGB and FAGIX is 0.28, 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
GIGB vs. FAGIX - Performance Comparison
In the year-to-date period, GIGB achieves a -1.73% return, which is significantly lower than FAGIX's 4.28% 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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GIGB vs. FAGIX - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
GIGB vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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
GIGB vs. FAGIX - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.02%, less than FAGIX's 5.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.02% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
FAGIX Fidelity Capital & Income Fund | 5.22% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
GIGB vs. FAGIX - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for GIGB and FAGIX. For additional features, visit the drawdowns tool.
Volatility
GIGB vs. FAGIX - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) has a higher volatility of 2.17% compared to Fidelity Capital & Income Fund (FAGIX) at 1.82%. This indicates that GIGB'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.