Correlation
The correlation between NMHYX and FAGIX is 0.47, 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.
NMHYX vs. FAGIX
Compare and contrast key facts about Northern Multi-Manager High Yield Opportunity Fund (NMHYX) and Fidelity Capital & Income Fund (FAGIX).
NMHYX is managed by Blackrock. It was launched on Sep 23, 2009. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NMHYX or FAGIX.
Performance
NMHYX vs. FAGIX - Performance Comparison
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Key characteristics
NMHYX:
2.54
FAGIX:
1.15
NMHYX:
3.32
FAGIX:
1.51
NMHYX:
1.62
FAGIX:
1.22
NMHYX:
2.18
FAGIX:
1.05
NMHYX:
10.89
FAGIX:
3.96
NMHYX:
0.74%
FAGIX:
1.92%
NMHYX:
3.31%
FAGIX:
7.05%
NMHYX:
-21.19%
FAGIX:
-37.80%
NMHYX:
0.00%
FAGIX:
-0.65%
Returns By Period
In the year-to-date period, NMHYX achieves a 2.49% return, which is significantly higher than FAGIX's 1.80% return. Over the past 10 years, NMHYX has underperformed FAGIX with an annualized return of 4.56%, while FAGIX has yielded a comparatively higher 6.19% annualized return.
NMHYX
2.49%
1.59%
2.19%
8.24%
6.19%
6.51%
4.56%
FAGIX
1.80%
2.21%
0.71%
7.61%
7.31%
8.53%
6.19%
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NMHYX vs. FAGIX - Expense Ratio Comparison
NMHYX has a 0.87% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
NMHYX vs. FAGIX — Risk-Adjusted Performance Rank
NMHYX
FAGIX
NMHYX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Multi-Manager High Yield Opportunity Fund (NMHYX) 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.
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Dividends
NMHYX vs. FAGIX - Dividend Comparison
NMHYX's dividend yield for the trailing twelve months is around 7.38%, more than FAGIX's 4.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMHYX Northern Multi-Manager High Yield Opportunity Fund | 7.38% | 7.41% | 7.31% | 5.75% | 5.24% | 6.68% | 6.79% | 5.54% | 7.19% | 5.58% | 6.25% | 7.32% |
FAGIX Fidelity Capital & Income Fund | 4.51% | 5.03% | 5.29% | 11.38% | 6.56% | 4.88% | 5.00% | 7.39% | 5.05% | 4.12% | 5.01% | 8.08% |
Drawdowns
NMHYX vs. FAGIX - Drawdown Comparison
The maximum NMHYX drawdown since its inception was -21.19%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for NMHYX and FAGIX.
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Volatility
NMHYX vs. FAGIX - Volatility Comparison
The current volatility for Northern Multi-Manager High Yield Opportunity Fund (NMHYX) is 1.03%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.85%. This indicates that NMHYX 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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