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PRHYX vs. FAGIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PRHYX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price High Yield Fund (PRHYX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.52%
6.35%
PRHYX
FAGIX

Returns By Period

In the year-to-date period, PRHYX achieves a 6.16% return, which is significantly lower than FAGIX's 11.57% return. Over the past 10 years, PRHYX has underperformed FAGIX with an annualized return of 4.28%, while FAGIX has yielded a comparatively higher 5.10% annualized return.


PRHYX

YTD

6.16%

1M

0.39%

6M

5.34%

1Y

11.87%

5Y (annualized)

3.92%

10Y (annualized)

4.28%

FAGIX

YTD

11.57%

1M

0.88%

6M

6.14%

1Y

16.23%

5Y (annualized)

5.09%

10Y (annualized)

5.10%

Key characteristics


PRHYXFAGIX
Sharpe Ratio2.973.30
Sortino Ratio5.265.06
Omega Ratio1.781.72
Calmar Ratio2.841.54
Martin Ratio20.5323.08
Ulcer Index0.58%0.69%
Daily Std Dev3.99%4.76%
Max Drawdown-30.82%-37.80%
Current Drawdown-0.45%-0.48%

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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.


PRHYX
T. Rowe Price High Yield Fund
Expense ratio chart for PRHYX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for FAGIX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%

Correlation

-0.50.00.51.00.7

The correlation between PRHYX and FAGIX is 0.66, 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.

Risk-Adjusted Performance

PRHYX vs. FAGIX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for PRHYX, currently valued at 2.88, compared to the broader market-1.000.001.002.003.004.005.002.883.30
The chart of Sortino ratio for PRHYX, currently valued at 5.10, compared to the broader market0.005.0010.005.105.06
The chart of Omega ratio for PRHYX, currently valued at 1.76, compared to the broader market1.002.003.004.001.761.72
The chart of Calmar ratio for PRHYX, currently valued at 3.12, compared to the broader market0.005.0010.0015.0020.0025.003.121.54
The chart of Martin ratio for PRHYX, currently valued at 19.85, compared to the broader market0.0020.0040.0060.0080.00100.0019.8523.08
PRHYX
FAGIX

The current PRHYX Sharpe Ratio is 2.97, which is comparable to the FAGIX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of PRHYX and FAGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.88
3.30
PRHYX
FAGIX

Dividends

PRHYX vs. FAGIX - Dividend Comparison

PRHYX's dividend yield for the trailing twelve months is around 6.47%, more than FAGIX's 5.02% yield.


TTM20232022202120202019201820172016201520142013
PRHYX
T. Rowe Price High Yield Fund
6.47%6.29%6.13%5.08%5.19%5.49%6.26%5.49%5.73%6.46%6.39%6.11%
FAGIX
Fidelity Capital & Income Fund
5.02%5.29%4.85%3.41%3.78%4.25%5.27%4.01%4.12%5.00%8.04%5.47%

Drawdowns

PRHYX vs. FAGIX - Drawdown Comparison

The maximum PRHYX drawdown since its inception was -30.82%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for PRHYX and FAGIX. For additional features, visit the drawdowns tool.


-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.45%
-0.48%
PRHYX
FAGIX

Volatility

PRHYX vs. FAGIX - Volatility Comparison

The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 0.95%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.25%. 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.


1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
0.95%
1.25%
PRHYX
FAGIX