RPHIX vs. FAGIX

Last updated Apr 1, 2026

Compare and contrast key facts about RiverPark Short Term High Yield Fund (RPHIX) and Fidelity Capital & Income Fund (FAGIX).

RPHIX is managed by RiverPark Funds. It was launched on Sep 30, 2010. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.

Performance

RPHIX vs. FAGIX - Performance Comparison

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

RPHIX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPHIX RiverPark Short Term High Yield Fund	1.02%	4.76%	6.71%	5.87%	2.97%	2.05%	1.95%	2.77%	2.44%	2.50%
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, RPHIX achieves a 1.02% return, which is significantly higher than FAGIX's -0.85% return. Over the past 10 years, RPHIX has underperformed FAGIX with an annualized return of 3.51%, while FAGIX has yielded a comparatively higher 7.42% annualized return.

RPHIX

• 1D: 0.10%
• 1M: 0.41%
• YTD: 1.02%
• 6M: 2.21%
• 1Y: 4.74%
• 3Y*: 5.70%
• 5Y*: 4.56%
• 10Y*: 3.51%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RPHIX vs. FAGIX - Expense Ratio Comparison

RPHIX has a 0.89% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

RPHIX

RiverPark Short Term High Yield Fund

FAGIX

Fidelity Capital & Income Fund

Return for Risk

RPHIX vs. FAGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RPHIX

RPHIX Risk / Return Rank: 100
RPHIX Sharpe Ratio Rank: 100
RPHIX Sortino Ratio Rank: 100
RPHIX Omega Ratio Rank: 99
RPHIX Calmar Ratio Rank: 99
RPHIX Martin Ratio Rank: 100

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 91
FAGIX Omega Ratio Rank: 89
FAGIX Calmar Ratio Rank: 92
FAGIX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RPHIX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) 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.

	RPHIX	FAGIX	Difference
Sharpe ratio Return per unit of total volatility	5.05	1.91	+3.14
Sortino ratio Return per unit of downside risk	10.09	2.63	+7.46
Omega ratio Gain probability vs. loss probability	3.43	1.39	+2.04
Calmar ratio Return relative to maximum drawdown	11.50	2.79	+8.71
Martin ratio Return relative to average drawdown	85.12	11.77	+73.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPHIX vs. FAGIX - Sharpe Ratio Comparison

The current RPHIX Sharpe Ratio is 5.05, which is higher than the FAGIX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of RPHIX 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.

Sharpe Ratios by Period

	RPHIX	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.05	1.91	+3.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.63	0.90	+2.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.94	0.96	+1.98
Sharpe Ratio (All Time) Calculated using the full available price history	2.94	0.85	+2.09

Correlation

The correlation between RPHIX and FAGIX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RPHIX vs. FAGIX - Dividend Comparison

RPHIX's dividend yield for the trailing twelve months is around 4.10%, less than FAGIX's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPHIX RiverPark Short Term High Yield Fund	4.10%	4.76%	6.40%	5.08%	3.46%	2.03%	2.44%	2.85%	2.83%	2.68%	2.63%	3.19%
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

RPHIX vs. FAGIX - Drawdown Comparison

The maximum RPHIX drawdown since its inception was -3.16%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for RPHIX and FAGIX.

Drawdown Indicators

	RPHIX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.16%	-37.97%	+34.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.41%	-4.41%	+4.00%
Max Drawdown (5Y) Largest decline over 5 years	-0.92%	-15.42%	+14.50%
Max Drawdown (10Y) Largest decline over 10 years	-3.16%	-28.45%	+25.29%
Current Drawdown Current decline from peak	0.00%	-3.49%	+3.49%
Average Drawdown Average peak-to-trough decline	-0.09%	-7.01%	+6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	1.05%	-0.99%

Volatility

RPHIX vs. FAGIX - Volatility Comparison

The current volatility for RiverPark Short Term High Yield Fund (RPHIX) is 0.24%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.47%. This indicates that RPHIX 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.

Volatility by Period

	RPHIX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.24%	2.47%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	0.62%	4.53%	-3.91%
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	6.95%	-5.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.26%	6.47%	-5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.20%	7.78%	-6.58%