SPXB vs. FAGIX

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares S&P 500 Bond ETF (SPXB) and Fidelity Capital & Income Fund (FAGIX).

SPXB is a passively managed fund by ProShares that tracks the performance of the S&P 500 MarketAxess Investment Grade Corporate Bond Index. It was launched on May 1, 2018. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.

Performance

SPXB vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Bond ETF (SPXB) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

SPXB vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	-3.45%	8.83%	-16.66%	-1.89%	10.33%	15.34%	1.13%
FAGIX Fidelity Capital & Income Fund	0.45%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-6.50%

Returns By Period

SPXB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAGIX

• 1D: 1.31%
• 1M: -1.99%
• YTD: 0.45%
• 6M: 2.04%
• 1Y: 14.01%
• 3Y*: 10.82%
• 5Y*: 5.97%
• 10Y*: 7.56%

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

SPXB vs. FAGIX - Expense Ratio Comparison

SPXB has a 0.15% expense ratio, which is lower than FAGIX's 0.67% expense ratio.

FAGIX

Fidelity Capital & Income Fund

SPXB

ProShares S&P 500 Bond ETF

Return for Risk

SPXB vs. FAGIX — Risk / Return Rank

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

FAGIX

FAGIX Risk / Return Rank: 93
FAGIX Sharpe Ratio Rank: 93
FAGIX Sortino Ratio Rank: 93
FAGIX Omega Ratio Rank: 91
FAGIX Calmar Ratio Rank: 95
FAGIX Martin Ratio Rank: 96

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.

SPXB vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPXB	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.86	—

Correlation

The correlation between SPXB and FAGIX is 0.25, 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

SPXB vs. FAGIX - Dividend Comparison

SPXB has not paid dividends to shareholders, while FAGIX's dividend yield for the trailing twelve months is around 4.37%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	1.22%	4.04%	3.14%	2.00%	2.64%	3.48%	2.52%	0.00%	0.00%	0.00%
FAGIX Fidelity Capital & Income Fund	4.37%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%

Drawdowns

Drawdown Indicators

	SPXB	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.45%	—
Current Drawdown Current decline from peak	—	-2.22%	—
Average Drawdown Average peak-to-trough decline	—	-7.01%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.06%	—

Volatility

Volatility by Period

	SPXB	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	7.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.79%	—