PRCPX vs. FAGIX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Fidelity Capital & Income Fund (FAGIX).
PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Performance
PRCPX vs. FAGIX - Performance Comparison
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PRCPX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
FAGIX Fidelity Capital & Income Fund | -0.85% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Returns By Period
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly higher than FAGIX's -0.85% return. Over the past 10 years, PRCPX has underperformed FAGIX with an annualized return of 6.83%, while FAGIX has yielded a comparatively higher 7.42% annualized return.
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
FAGIX
- 1D
- -0.56%
- 1M
- -3.17%
- YTD
- -0.85%
- 6M
- 0.91%
- 1Y
- 12.88%
- 3Y*
- 10.34%
- 5Y*
- 5.79%
- 10Y*
- 7.42%
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PRCPX vs. FAGIX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Return for Risk
PRCPX vs. FAGIX — Risk / Return Rank
PRCPX
FAGIX
PRCPX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) 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.
| PRCPX | FAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.91 | +1.56 |
Sortino ratioReturn per unit of downside risk | 5.52 | 2.63 | +2.89 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.39 | +0.54 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.79 | +1.74 |
Martin ratioReturn relative to average drawdown | 21.08 | 11.77 | +9.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRCPX | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.91 | +1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.90 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.96 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.85 | +0.02 |
Correlation
The correlation between PRCPX and FAGIX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PRCPX vs. FAGIX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than FAGIX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
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% |
Drawdowns
PRCPX vs. FAGIX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for PRCPX and FAGIX.
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Drawdown Indicators
| PRCPX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -37.97% | +14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -4.41% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -15.42% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -28.45% | +5.38% |
Current DrawdownCurrent decline from peak | -1.74% | -3.49% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -7.01% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.05% | -0.40% |
Volatility
PRCPX vs. FAGIX - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.10%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.47%. This indicates that PRCPX 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
| PRCPX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.47% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 4.53% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 6.95% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 6.47% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 7.78% | -2.33% |