HYBB vs. FAGIX
HYBB (iShares BB Rated Corporate Bond ETF) and FAGIX (Fidelity Capital & Income Fund) are both High Yield Bonds funds. Over the past 5 years, HYBB returned 3.62%/yr vs 7.15%/yr for FAGIX. A 0.69 correlation means they provide meaningful diversification when combined. HYBB charges 0.25%/yr vs 0.67%/yr for FAGIX.
Performance
HYBB vs. FAGIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYBB achieves a 1.31% return, which is significantly lower than FAGIX's 8.43% return.
HYBB
- 1D
- -0.16%
- 1M
- 0.52%
- YTD
- 1.31%
- 6M
- 1.61%
- 1Y
- 6.73%
- 3Y*
- 7.86%
- 5Y*
- 3.62%
- 10Y*
- —
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%
HYBB vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 1.31% | 8.95% | 6.35% | 10.53% | -10.11% | 3.36% | 4.29% |
FAGIX Fidelity Capital & Income Fund | 8.43% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 8.02% |
Correlation
The correlation between HYBB and FAGIX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020 | 0.69 |
The correlation between HYBB and FAGIX has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYBB vs. FAGIX — Risk / Return Rank
HYBB
FAGIX
HYBB vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) 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.
| HYBB | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.63 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 5.51 | -2.79 |
| Martin ratioReturn relative to average drawdown | 12.28 | 23.25 | -10.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYBB | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 3.16 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.09 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.88 | -0.26 |
Drawdowns
HYBB vs. FAGIX - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.28%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for HYBB and FAGIX.
Loading charts...
Drawdown Indicators
| HYBB | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -37.97% | +22.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -3.49% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -7.26% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -15.42% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.45% | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -6.98% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.82% | -0.27% |
Volatility
HYBB vs. FAGIX - Volatility Comparison
The current volatility for iShares BB Rated Corporate Bond ETF (HYBB) is 0.99%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.89%. This indicates that HYBB 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.
Loading charts...
Volatility by Period
| HYBB | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.89% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 4.85% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 6.08% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 6.59% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 7.82% | -1.15% |
HYBB vs. FAGIX - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Dividends
HYBB vs. FAGIX - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 5.87%, 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% |
HYBB iShares BB Rated Corporate Bond ETF | 5.87% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYBB and FAGIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGIX has higher volatility (1.89%) compared to HYBB (0.99%). In terms of maximum drawdown, HYBB dropped -15.28% vs FAGIX's -37.97%.
FAGIX currently has the higher Sharpe Ratio (3.16 vs 2.06), 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.
Find the right allocation for HYBB and FAGIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer