PRHYX vs. FAGIX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Fidelity Capital & Income Fund (FAGIX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Performance
PRHYX vs. FAGIX - Performance Comparison
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PRHYX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | -0.25% | 14.35% | 7.24% | 13.68% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
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, PRHYX achieves a -0.25% return, which is significantly higher than FAGIX's -0.85% return. Over the past 10 years, PRHYX has underperformed FAGIX with an annualized return of 5.95%, while FAGIX has yielded a comparatively higher 7.42% annualized return.
PRHYX
- 1D
- 0.17%
- 1M
- -1.84%
- YTD
- -0.25%
- 6M
- 3.02%
- 1Y
- 13.15%
- 3Y*
- 10.30%
- 5Y*
- 4.89%
- 10Y*
- 5.95%
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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PRHYX vs. FAGIX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Return for Risk
PRHYX vs. FAGIX — Risk / Return Rank
PRHYX
FAGIX
PRHYX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) 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.
| PRHYX | FAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.31 | 1.91 | +1.40 |
Sortino ratioReturn per unit of downside risk | 5.19 | 2.63 | +2.56 |
Omega ratioGain probability vs. loss probability | 1.86 | 1.39 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.79 | +1.51 |
Martin ratioReturn relative to average drawdown | 20.12 | 11.77 | +8.36 |
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
| PRHYX | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.31 | 1.91 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.90 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.96 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.85 | +0.46 |
Correlation
The correlation between PRHYX and FAGIX is 0.62, 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.
Dividends
PRHYX vs. FAGIX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 12.56%, more than FAGIX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 12.56% | 11.80% | 7.12% | 6.27% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
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
PRHYX vs. FAGIX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.79%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for PRHYX and FAGIX.
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Drawdown Indicators
| PRHYX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -37.97% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -4.41% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -15.42% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -22.10% | -28.45% | +6.35% |
Current DrawdownCurrent decline from peak | -1.84% | -3.49% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -7.01% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.05% | -0.39% |
Volatility
PRHYX vs. FAGIX - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 1.17%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.47%. This indicates that PRHYX 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
| PRHYX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.47% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 4.53% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 6.95% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 6.47% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 7.78% | -2.24% |