HIIFX vs. FAGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Catalyst/SMH High Income Fund (HIIFX) and Fidelity Capital & Income Fund (FAGIX).

HIIFX is managed by Catalyst Mutual Funds. It was launched on May 21, 2008. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.

Performance

HIIFX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/SMH High Income Fund (HIIFX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

HIIFX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIIFX Catalyst/SMH High Income Fund	-3.01%	15.31%	8.33%	16.44%	-13.48%	8.03%	10.00%	8.36%	-1.46%	9.58%
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, HIIFX achieves a -3.01% return, which is significantly lower than FAGIX's -0.85% return. Over the past 10 years, HIIFX has outperformed FAGIX with an annualized return of 8.16%, while FAGIX has yielded a comparatively lower 7.42% annualized return.

HIIFX

• 1D: -0.17%
• 1M: -2.17%
• YTD: -3.01%
• 6M: -1.93%
• 1Y: 14.54%
• 3Y*: 11.13%
• 5Y*: 4.87%
• 10Y*: 8.16%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIIFX vs. FAGIX - Expense Ratio Comparison

HIIFX has a 1.49% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

HIIFX

Catalyst/SMH High Income Fund

FAGIX

Fidelity Capital & Income Fund

Return for Risk

HIIFX vs. FAGIX — Risk / Return Rank

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

HIIFX

HIIFX Risk / Return Rank: 85
HIIFX Sharpe Ratio Rank: 88
HIIFX Sortino Ratio Rank: 89
HIIFX Omega Ratio Rank: 83
HIIFX Calmar Ratio Rank: 90
HIIFX Martin Ratio Rank: 76

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 91
FAGIX Omega Ratio Rank: 89
FAGIX Calmar Ratio Rank: 92
FAGIX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIIFX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) 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.

	HIIFX	FAGIX	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.91	-0.13
Sortino ratio Return per unit of downside risk	2.46	2.63	-0.17
Omega ratio Gain probability vs. loss probability	1.33	1.39	-0.05
Calmar ratio Return relative to maximum drawdown	2.52	2.79	-0.28
Martin ratio Return relative to average drawdown	7.27	11.77	-4.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIIFX vs. FAGIX - Sharpe Ratio Comparison

The current HIIFX Sharpe Ratio is 1.79, which is comparable to the FAGIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of HIIFX 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.

Sharpe Ratios by Period

	HIIFX	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.91	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.90	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.37	0.96	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.85	-0.69

Correlation

The correlation between HIIFX and FAGIX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HIIFX vs. FAGIX - Dividend Comparison

HIIFX's dividend yield for the trailing twelve months is around 5.54%, more than FAGIX's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIIFX Catalyst/SMH High Income Fund	5.54%	4.65%	6.03%	6.55%	6.64%	4.03%	5.00%	5.37%	5.61%	5.50%	6.81%	12.14%
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

HIIFX vs. FAGIX - Drawdown Comparison

The maximum HIIFX drawdown since its inception was -51.29%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for HIIFX and FAGIX.

Drawdown Indicators

	HIIFX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.29%	-37.97%	-13.32%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-4.41%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	-15.42%	-3.16%
Max Drawdown (10Y) Largest decline over 10 years	-18.58%	-28.45%	+9.87%
Current Drawdown Current decline from peak	-4.89%	-3.49%	-1.40%
Average Drawdown Average peak-to-trough decline	-15.41%	-7.01%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.05%	+0.77%

Volatility

HIIFX vs. FAGIX - Volatility Comparison

The current volatility for Catalyst/SMH High Income Fund (HIIFX) is 2.33%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.47%. This indicates that HIIFX 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.

Volatility by Period

	HIIFX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	2.47%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	4.82%	4.53%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	6.95%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.42%	6.47%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.00%	7.78%	-1.78%