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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or FAGIX.
Key characteristics
| PRHYX | FAGIX | |
|---|---|---|
| YTD Return | 6.28% | 9.11% |
| 1Y Return | 13.09% | 14.95% |
| 3Y Return (Ann) | 2.75% | 3.71% |
| 5Y Return (Ann) | 3.98% | 7.00% |
| 10Y Return (Ann) | 4.37% | 6.31% |
| Sharpe Ratio | 2.86 | 3.18 |
| Daily Std Dev | 4.58% | 5.16% |
| Max Drawdown | -30.81% | -37.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PRHYX and FAGIX is 0.65, 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.
Performance
PRHYX vs. FAGIX - Performance Comparison
In the year-to-date period, PRHYX achieves a 6.28% return, which is significantly lower than FAGIX's 9.11% return. Over the past 10 years, PRHYX has underperformed FAGIX with an annualized return of 4.37%, while FAGIX has yielded a comparatively higher 6.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
PRHYX vs. FAGIX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.40%, more than FAGIX's 5.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.40% | 6.29% | 6.23% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 6.03% | 6.46% | 7.71% | 6.25% |
FAGIX Fidelity Capital & Income Fund | 5.14% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
PRHYX vs. FAGIX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.81%, smaller than the maximum FAGIX drawdown of -37.79%. Use the drawdown chart below to compare losses from any high point for PRHYX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. FAGIX - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 0.77%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.50%. 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.