SVAAX vs. FAGIX

Last updated Jul 11, 2026

SVAAX (Federated Hermes Strategic Value Dividend Fund Class A) and FAGIX (Fidelity Capital & Income Fund) are both mutual funds - SVAAX is a Dividend fund actively managed by Federated Hermes, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, SVAAX returned 7.69%/yr vs 7.84%/yr for FAGIX. At a 0.48 correlation, their price movements are largely independent. SVAAX charges 1.06%/yr vs 0.67%/yr for FAGIX.

Performance

SVAAX vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVAAX achieves a 11.76% return, which is significantly higher than FAGIX's 7.46% return. Both investments have delivered pretty close results over the past 10 years, with SVAAX having a 7.69% annualized return and FAGIX not far ahead at 7.84%.

SVAAX

• 1D: -0.29%
• 1M: -0.70%
• 6M: 10.89%
• YTD: 11.76%
• 1Y: 18.14%
• 3Y*: 15.91%
• 5Y*: 10.81%
• 10Y*: 7.69%

FAGIX

• 1D: 0.44%
• 1M: -0.03%
• 6M: 6.28%
• YTD: 7.46%
• 1Y: 14.15%
• 3Y*: 12.70%
• 5Y*: 6.61%
• 10Y*: 7.84%

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

SVAAX vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVAAX Federated Hermes Strategic Value Dividend Fund Class A	11.76%	14.42%	16.29%	-2.07%	8.07%	21.36%	-8.15%	19.42%	-8.44%	14.69%
FAGIX Fidelity Capital & Income Fund	7.46%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%

Correlation

The correlation between SVAAX and FAGIX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.48

The correlation between SVAAX and FAGIX shifts across timeframes, from -0.03 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SVAAX vs. FAGIX — Risk / Return Rank

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

SVAAX

SVAAX Risk / Return Rank: 85
SVAAX Sharpe Ratio Rank: 83
SVAAX Sortino Ratio Rank: 82
SVAAX Omega Ratio Rank: 74
SVAAX Calmar Ratio Rank: 96
SVAAX Martin Ratio Rank: 89

FAGIX

FAGIX Risk / Return Rank: 85
FAGIX Sharpe Ratio Rank: 80
FAGIX Sortino Ratio Rank: 78
FAGIX Omega Ratio Rank: 78
FAGIX Calmar Ratio Rank: 93
FAGIX Martin Ratio Rank: 94

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.

SVAAX vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SVAAX	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.06	+0.10
Sortino ratio: Return per unit of downside risk	3.13	2.91	+0.22
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	5.08	4.01	+1.07
Martin ratio: Return relative to average drawdown	13.27	15.56	-2.29

SVAAX vs. FAGIX - Sharpe Ratio Comparison

The current SVAAX Sharpe Ratio is 2.16, which is comparable to the FAGIX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SVAAX and FAGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SVAAX vs. FAGIX - Drawdown Comparison

The maximum SVAAX drawdown since its inception was -51.16%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SVAAX and FAGIX.

Drawdown Indicators

	SVAAX	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.16%	-37.97%	-13.19%
Max Drawdown (1Y) Largest decline over 1 year	-4.71%	-3.49%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-7.26%	-5.58%
Max Drawdown (5Y) Largest decline over 5 years	-16.17%	-15.42%	-0.75%
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	-28.45%	-8.02%
Current Drawdown Current decline from peak	-1.41%	-1.24%	-0.17%
Average Drawdown Average peak-to-trough decline	-8.17%	-6.97%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	0.90%	+0.80%

Volatility

SVAAX vs. FAGIX - Volatility Comparison

Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) has a higher volatility of 4.69% compared to Fidelity Capital & Income Fund (FAGIX) at 3.06%. This indicates that SVAAX's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVAAX	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	3.06%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	5.73%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	6.81%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	6.75%	+7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	7.82%	+7.58%

SVAAX vs. FAGIX - Expense Ratio Comparison

SVAAX has a 1.06% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

Dividends

SVAAX vs. FAGIX - Dividend Comparison

SVAAX's dividend yield for the trailing twelve months is around 6.02%, more than FAGIX's 5.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	5.29%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
SVAAX Federated Hermes Strategic Value Dividend Fund Class A	6.02%	5.80%	7.38%	4.10%	9.49%	3.50%	4.06%	8.55%	8.39%	10.16%	5.00%	8.45%

Frequently Asked Questions

Can I hold both SVAAX and FAGIX in my portfolio?

SVAAX and FAGIX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVAAX or FAGIX?

SVAAX has higher volatility (4.69%) compared to FAGIX (3.06%). In terms of maximum drawdown, SVAAX dropped -51.16% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

SVAAX currently has the higher Sharpe Ratio (2.16 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.