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

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.


-0.50.00.51.00.8

Performance

SPHIX vs. FAGIX - Performance Comparison

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

800.00%1,000.00%1,200.00%1,400.00%1,600.00%1,800.00%JulyAugustSeptemberOctoberNovemberDecember
945.57%
1,738.87%
SPHIX
FAGIX

Key characteristics

Sharpe Ratio

SPHIX:

2.64

FAGIX:

2.17

Sortino Ratio

SPHIX:

3.94

FAGIX:

3.13

Omega Ratio

SPHIX:

1.59

FAGIX:

1.44

Calmar Ratio

SPHIX:

2.55

FAGIX:

1.42

Martin Ratio

SPHIX:

18.01

FAGIX:

14.37

Ulcer Index

SPHIX:

0.47%

FAGIX:

0.74%

Daily Std Dev

SPHIX:

3.20%

FAGIX:

4.89%

Max Drawdown

SPHIX:

-31.35%

FAGIX:

-37.80%

Current Drawdown

SPHIX:

-1.63%

FAGIX:

-2.30%

Returns By Period

In the year-to-date period, SPHIX achieves a 8.62% return, which is significantly lower than FAGIX's 10.79% return. Over the past 10 years, SPHIX has underperformed FAGIX with an annualized return of 4.18%, while FAGIX has yielded a comparatively higher 5.10% annualized return.


SPHIX

YTD

8.62%

1M

-0.88%

6M

4.70%

1Y

8.76%

5Y*

2.51%

10Y*

4.18%

FAGIX

YTD

10.79%

1M

-0.70%

6M

4.54%

1Y

11.02%

5Y*

4.39%

10Y*

5.10%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPHIX vs. FAGIX - Expense Ratio Comparison

SPHIX has a 0.70% expense ratio, which is higher than FAGIX's 0.67% expense ratio.


SPHIX
Fidelity High Income Fund
Expense ratio chart for SPHIX: 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%

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.


Sharpe ratio
The chart of Sharpe ratio for SPHIX, currently valued at 2.64, compared to the broader market-1.000.001.002.003.004.002.642.17
The chart of Sortino ratio for SPHIX, currently valued at 3.94, compared to the broader market-2.000.002.004.006.008.0010.003.943.13
The chart of Omega ratio for SPHIX, currently valued at 1.59, compared to the broader market0.501.001.502.002.503.003.501.591.44
The chart of Calmar ratio for SPHIX, currently valued at 2.55, compared to the broader market0.002.004.006.008.0010.0012.0014.002.551.42
The chart of Martin ratio for SPHIX, currently valued at 18.04, compared to the broader market0.0020.0040.0060.0018.0414.37
SPHIX
FAGIX

The current SPHIX Sharpe Ratio is 2.64, which is comparable to the FAGIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SPHIX 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 Ratio1.502.002.503.003.504.004.505.00JulyAugustSeptemberOctoberNovemberDecember
2.64
2.17
SPHIX
FAGIX

Dividends

SPHIX vs. FAGIX - Dividend Comparison

SPHIX's dividend yield for the trailing twelve months is around 5.20%, more than FAGIX's 4.78% yield.


TTM20232022202120202019201820172016201520142013
SPHIX
Fidelity High Income Fund
5.20%5.43%5.17%4.74%4.71%5.11%6.00%5.40%5.45%6.26%6.97%6.16%
FAGIX
Fidelity Capital & Income Fund
4.78%5.29%4.85%3.41%3.78%4.25%5.27%4.01%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 -37.80%. Use the drawdown chart below to compare losses from any high point for SPHIX and FAGIX. For additional features, visit the drawdowns tool.


-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.63%
-2.30%
SPHIX
FAGIX

Volatility

SPHIX vs. FAGIX - Volatility Comparison

The current volatility for Fidelity High Income Fund (SPHIX) is 1.09%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.73%. 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.


0.50%1.00%1.50%2.00%2.50%JulyAugustSeptemberOctoberNovemberDecember
1.09%
1.73%
SPHIX
FAGIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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