ICDU.L vs. FAGIX

Last updated Jun 5, 2026

ICDU.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)) and FAGIX (Fidelity Capital & Income Fund) are both funds - ICDU.L is a Consumer Discretionary Equities fund tracking the S&P 500 Capped 35/20 Consumer Discretionary Index, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. ICDU.L is passively managed, while FAGIX is actively managed. Over the past 10 years, ICDU.L returned 13.79%/yr vs 8.93%/yr for FAGIX. At a 0.47 correlation, their price movements are largely independent. ICDU.L charges 0.15%/yr vs 0.67%/yr for FAGIX.

Performance

ICDU.L vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ICDU.L is traded in GBp, while FAGIX is traded in USD. To make them comparable, the FAGIX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ICDU.L achieves a -0.52% return, which is significantly lower than FAGIX's 8.68% return. Over the past 10 years, ICDU.L has outperformed FAGIX with an annualized return of 13.79%, while FAGIX has yielded a comparatively lower 8.93% annualized return.

ICDU.L

• 1D: 0.54%
• 1M: -0.10%
• YTD: -0.52%
• 6M: 0.18%
• 1Y: 13.34%
• 3Y*: 14.04%
• 5Y*: 9.32%
• 10Y*: 13.79%

FAGIX

• 1D: 0.18%
• 1M: 2.95%
• YTD: 8.68%
• 6M: 8.24%
• 1Y: 19.25%
• 3Y*: 10.50%
• 5Y*: 8.20%
• 10Y*: 8.93%

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

ICDU.L vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICDU.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)	-0.52%	-0.77%	33.05%	35.72%	-29.67%	25.98%	28.95%	22.82%	5.56%	11.41%
FAGIX Fidelity Capital & Income Fund	8.68%	4.37%	12.62%	7.37%	-0.98%	12.18%	6.72%	14.44%	-1.67%	2.00%

Correlation

The correlation between ICDU.L and FAGIX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.47

Over the past year, the correlation between ICDU.L and FAGIX has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

ICDU.L vs. FAGIX — Risk / Return Rank

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

ICDU.L

ICDU.L Risk / Return Rank: 22
ICDU.L Sharpe Ratio Rank: 23
ICDU.L Sortino Ratio Rank: 23
ICDU.L Omega Ratio Rank: 22
ICDU.L Calmar Ratio Rank: 22
ICDU.L Martin Ratio Rank: 22

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 90
FAGIX Sortino Ratio Rank: 89
FAGIX Omega Ratio Rank: 86
FAGIX Calmar Ratio Rank: 93
FAGIX Martin Ratio Rank: 95

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.

ICDU.L vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) 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.

	ICDU.L	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.57	-1.77
Sortino ratio: Return per unit of downside risk	1.21	3.60	-2.39
Omega ratio: Gain probability vs. loss probability	1.15	1.48	-0.34
Calmar ratio: Return relative to maximum drawdown	0.95	5.94	-4.99
Martin ratio: Return relative to average drawdown	2.61	15.48	-12.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICDU.L vs. FAGIX - Sharpe Ratio Comparison

The current ICDU.L Sharpe Ratio is 0.80, which is lower than the FAGIX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of ICDU.L and FAGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ICDU.L	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.57	-1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.95	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.88	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.96	-0.30

Drawdowns

ICDU.L vs. FAGIX - Drawdown Comparison

The maximum ICDU.L drawdown since its inception was -33.84%, which is greater than FAGIX's maximum drawdown of -25.14%. Use the drawdown chart below to compare losses from any high point for ICDU.L and FAGIX.

Drawdown Indicators

	ICDU.L	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.84%	-25.14%	-8.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.03%	-3.23%	-10.80%
Max Drawdown (3Y) Largest decline over 3 years	-27.64%	-13.92%	-13.72%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-13.92%	-19.92%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-20.12%	-13.72%
Current Drawdown Current decline from peak	-5.81%	0.00%	-5.81%
Average Drawdown Average peak-to-trough decline	-7.67%	-3.49%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	1.24%	+3.86%

Volatility

ICDU.L vs. FAGIX - Volatility Comparison

iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) has a higher volatility of 5.13% compared to Fidelity Capital & Income Fund (FAGIX) at 2.27%. This indicates that ICDU.L'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.

Volatility by Period

	ICDU.L	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	2.27%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	5.40%	+7.19%
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	7.49%	+9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	8.71%	+12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.15%	10.23%	+9.92%

ICDU.L vs. FAGIX - Expense Ratio Comparison

ICDU.L has a 0.15% expense ratio, which is lower than FAGIX's 0.67% expense ratio.

Dividends

ICDU.L vs. FAGIX - Dividend Comparison

ICDU.L has not paid dividends to shareholders, while FAGIX's dividend yield for the trailing twelve months is around 4.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ICDU.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ICDU.L and FAGIX in my portfolio?

ICDU.L and FAGIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.