SPXB vs. FAGIX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXB or FAGIX.
Key characteristics
| SPXB | FAGIX |
|---|
Correlation
The correlation between SPXB and FAGIX is 0.29, 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.
Performance
SPXB vs. FAGIX - Performance Comparison
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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SPXB vs. FAGIX - Expense Ratio Comparison
SPXB has a 0.15% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
SPXB vs. FAGIX - Risk-Adjusted Performance 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.
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 4.99%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXB ProShares S&P 500 Bond ETF | 2.02% | 4.05% | 3.14% | 2.00% | 2.64% | 3.48% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAGIX Fidelity Capital & Income Fund | 4.99% | 5.29% | 4.85% | 3.41% | 3.78% | 4.25% | 5.27% | 4.01% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
SPXB vs. FAGIX - Drawdown Comparison
Volatility
SPXB vs. FAGIX - Volatility Comparison
The current volatility for ProShares S&P 500 Bond ETF (SPXB) is 0.00%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.14%. This indicates that SPXB 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.