Correlation
The correlation between SPHIX and FAGIX is 0.35, 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.
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.
Performance
SPHIX vs. FAGIX - Performance Comparison
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Key characteristics
SPHIX:
2.23
FAGIX:
1.07
SPHIX:
3.31
FAGIX:
1.57
SPHIX:
1.56
FAGIX:
1.23
SPHIX:
2.22
FAGIX:
1.10
SPHIX:
9.42
FAGIX:
4.14
SPHIX:
0.98%
FAGIX:
1.92%
SPHIX:
3.91%
FAGIX:
7.06%
SPHIX:
-31.35%
FAGIX:
-37.80%
SPHIX:
-0.50%
FAGIX:
-0.65%
Returns By Period
In the year-to-date period, SPHIX achieves a 1.58% return, which is significantly lower than FAGIX's 1.80% return. Over the past 10 years, SPHIX has underperformed FAGIX with an annualized return of 4.05%, while FAGIX has yielded a comparatively higher 6.19% annualized return.
SPHIX
1.58%
1.14%
1.68%
8.78%
5.73%
4.40%
4.05%
FAGIX
1.80%
2.82%
0.90%
7.62%
7.36%
8.53%
6.19%
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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 Rank
SPHIX
FAGIX
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.
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Dividends
SPHIX vs. FAGIX - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 6.23%, more than FAGIX's 4.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 6.23% | 6.09% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.01% | 5.40% | 5.45% | 6.26% | 6.98% |
FAGIX Fidelity Capital & Income Fund | 4.91% | 5.03% | 5.29% | 11.38% | 6.56% | 4.88% | 5.00% | 7.39% | 5.05% | 4.12% | 5.01% | 8.08% |
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.
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Volatility
SPHIX vs. FAGIX - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 1.13%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.84%. 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.
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