NEFHX vs. FAGIX
NEFHX (Loomis Sayles High Income Fund) and FAGIX (Fidelity Capital & Income Fund) are both High Yield Bonds funds. Over the past 10 years, NEFHX returned 4.49%/yr vs 8.18%/yr for FAGIX. A 0.58 correlation means they provide meaningful diversification when combined. NEFHX charges 1.01%/yr vs 0.67%/yr for FAGIX.
Performance
NEFHX vs. FAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, NEFHX achieves a 1.09% return, which is significantly lower than FAGIX's 7.39% return. Over the past 10 years, NEFHX has underperformed FAGIX with an annualized return of 4.49%, while FAGIX has yielded a comparatively higher 8.18% annualized return.
NEFHX
- 1D
- -0.27%
- 1M
- 0.25%
- YTD
- 1.09%
- 6M
- 1.36%
- 1Y
- 4.55%
- 3Y*
- 8.30%
- 5Y*
- 2.29%
- 10Y*
- 4.49%
FAGIX
- 1D
- -1.30%
- 1M
- 0.85%
- YTD
- 7.39%
- 6M
- 7.52%
- 1Y
- 15.71%
- 3Y*
- 13.03%
- 5Y*
- 6.73%
- 10Y*
- 8.18%
NEFHX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEFHX Loomis Sayles High Income Fund | 1.09% | 7.59% | 8.77% | 9.53% | -13.67% | 2.87% | 8.18% | 11.95% | -3.47% | 7.50% |
FAGIX Fidelity Capital & Income Fund | 7.39% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Correlation
The correlation between NEFHX and FAGIX is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 1984 | 0.58 |
The correlation between NEFHX and FAGIX shifts across timeframes, from 0.51 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NEFHX vs. FAGIX — Risk / Return Rank
NEFHX
FAGIX
NEFHX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles High Income Fund (NEFHX) 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.
| NEFHX | FAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.49 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 4.75 | -2.28 |
| Martin ratioReturn relative to average drawdown | 9.68 | 19.30 | -9.62 |
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Drawdowns
NEFHX vs. FAGIX - Drawdown Comparison
The maximum NEFHX drawdown since its inception was -43.09%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for NEFHX and FAGIX.
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Drawdown Indicators
| NEFHX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -37.97% | -5.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -3.49% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.63% | -7.26% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.10% | -15.42% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -21.84% | -28.45% | +6.61% |
Current DrawdownCurrent decline from peak | -0.54% | -1.30% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -6.98% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.86% | -0.28% |
Volatility
NEFHX vs. FAGIX - Volatility Comparison
The current volatility for Loomis Sayles High Income Fund (NEFHX) is 0.93%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 3.04%. This indicates that NEFHX 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.
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Volatility by Period
| NEFHX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 3.04% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 5.48% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 6.62% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 6.71% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 7.83% | -1.71% |
NEFHX vs. FAGIX - Expense Ratio Comparison
NEFHX has a 1.01% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Dividends
NEFHX vs. FAGIX - Dividend Comparison
NEFHX's dividend yield for the trailing twelve months is around 4.48%, less than FAGIX's 5.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGIX Fidelity Capital & Income Fund | 5.28% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
NEFHX Loomis Sayles High Income Fund | 4.48% | 4.79% | 6.92% | 7.56% | 5.97% | 4.27% | 5.14% | 4.93% | 4.91% | 4.42% | 3.32% | 5.93% |
Frequently Asked Questions
NEFHX and FAGIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGIX has higher volatility (3.04%) compared to NEFHX (0.93%). In terms of maximum drawdown, NEFHX dropped -43.09% vs FAGIX's -37.97%.
FAGIX currently has the higher Sharpe Ratio (2.50 vs 1.67), 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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