SPHIX vs. FAGIX
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and Fidelity Capital & Income Fund (FAGIX).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. 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: SPHIX or FAGIX.
Key characteristics
| SPHIX | FAGIX | |
|---|---|---|
| YTD Return | 8.70% | 8.36% |
| 1Y Return | 14.47% | 14.04% |
| 3Y Return (Ann) | 1.92% | 3.23% |
| 5Y Return (Ann) | 2.89% | 6.85% |
| 10Y Return (Ann) | 3.95% | 6.20% |
| Sharpe Ratio | 3.84 | 2.94 |
| Daily Std Dev | 4.00% | 5.13% |
| Max Drawdown | -31.35% | -37.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPHIX and FAGIX is 0.77, 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.
Performance
SPHIX vs. FAGIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPHIX having a 8.70% return and FAGIX slightly lower at 8.36%. Over the past 10 years, SPHIX has underperformed FAGIX with an annualized return of 3.95%, while FAGIX has yielded a comparatively higher 6.20% 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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SPHIX vs. FAGIX - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
SPHIX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) 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
SPHIX vs. FAGIX - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.66%, more than FAGIX's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 5.66% | 5.41% | 5.18% | 4.73% | 4.71% | 5.10% | 5.96% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
FAGIX Fidelity Capital & Income Fund | 5.17% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
SPHIX vs. FAGIX - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum FAGIX drawdown of -37.79%. Use the drawdown chart below to compare losses from any high point for SPHIX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. FAGIX - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 0.61%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.37%. This indicates that SPHIX 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.