ISD vs. FAGIX
ISD (PGIM High Yield Bond Fund) and FAGIX (Fidelity Capital & Income Fund) are both High Yield Bonds funds. Over the past 10 years, ISD returned 6.60%/yr vs 7.47%/yr for FAGIX. Their 0.48 correlation means their historical movements had little consistent relationship. ISD charges 0.02%/yr vs 0.67%/yr for FAGIX.
Performance
ISD vs. FAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -9.89% return, which is significantly lower than FAGIX's 5.47% return. Over the past 10 years, ISD has underperformed FAGIX with an annualized return of 6.60%, while FAGIX has yielded a comparatively higher 7.47% annualized return.
ISD
- 1D
- -0.08%
- 1M
- -3.37%
- 6M
- -10.69%
- YTD
- -9.89%
- 1Y
- -4.69%
- 3Y*
- 10.30%
- 5Y*
- 4.23%
- 10Y*
- 6.60%
- ALL TIME*
- 5.58%
FAGIX
- 1D
- 1.00%
- 1M
- -1.59%
- 6M
- 3.79%
- YTD
- 5.47%
- 1Y
- 11.22%
- 3Y*
- 11.21%
- 5Y*
- 6.17%
- 10Y*
- 7.47%
- ALL TIME*
- 6.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.80M | $1.56M | $1.41M |
ISD vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -9.89% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
FAGIX Fidelity Capital & Income Fund | 5.47% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Correlation
The correlation between ISD and FAGIX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.48 |
The correlation between ISD and FAGIX has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
ISD vs. FAGIX — Risk / Return Rank
ISD
FAGIX
ISD vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISD | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.72 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.84 | 10.26 | -11.10 |
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Drawdowns
ISD vs. FAGIX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, roughly equal to the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for ISD and FAGIX.
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Drawdown Indicators
| ISD | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -37.97% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -4.02% | -9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -7.26% | -6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -15.42% | -10.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -28.45% | -10.43% |
Current DrawdownCurrent decline from peak | -11.81% | -3.07% | -8.74% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -6.97% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 1.06% | +4.90% |
Volatility
ISD vs. FAGIX - Volatility Comparison
PGIM High Yield Bond Fund (ISD) has a higher volatility of 3.08% compared to Fidelity Capital & Income Fund (FAGIX) at 2.24%. This indicates that ISD'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.
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Volatility by Period
| ISD | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.24% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 5.94% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 7.04% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 6.79% | +6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 7.84% | +6.75% |
ISD vs. FAGIX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Dividends
ISD vs. FAGIX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 10.13%, more than FAGIX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 5.05% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
ISD PGIM High Yield Bond Fund | 10.13% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
Frequently Asked Questions
ISD and FAGIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISD has higher volatility (3.08%) compared to FAGIX (2.24%). In terms of maximum drawdown, ISD dropped -38.88% vs FAGIX's -37.97%.
FAGIX currently has the higher Sharpe Ratio (1.55 vs -0.44), 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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