THTA vs. FAGIX

Last updated Aug 2, 2026

THTA (SoFi Enhanced Yield ETF) and FAGIX (Fidelity Capital & Income Fund) are both funds - THTA is a Derivative Income fund actively managed by SoFi, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Both are actively managed. Over the past year, THTA returned 16.87% vs 11.22% for FAGIX. Their 0.36 correlation means their historical movements had little consistent relationship. THTA charges 0.49%/yr vs 0.67%/yr for FAGIX.

Performance

THTA vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Enhanced Yield ETF (THTA) 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, THTA achieves a 9.50% return, which is significantly higher than FAGIX's 5.47% return.

THTA

• 1D: 0.44%
• 1M: 1.37%
• 6M: 8.16%
• YTD: 9.50%
• 1Y: 16.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.36%

FAGIX

• 1D: 1.00%
• 1M: -1.59%
• 6M: 3.79%
• YTD: 5.47%
• 1Y: 11.22%
• 3Y*: 11.21%
• 5Y*: 6.17%
• 10Y*: 7.47%
• ALL TIME*: 6.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAGIX Fidelity Capital & Income Fund	$0.00	$0.00	$0.00
THTA SoFi Enhanced Yield ETF	$817.63K	$892.94K	$775.79K

THTA vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
THTA SoFi Enhanced Yield ETF	9.50%	-10.24%	7.31%	0.99%
FAGIX Fidelity Capital & Income Fund	5.47%	12.38%	10.69%	4.91%

Correlation

The correlation between THTA and FAGIX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (All Time) Calculated using the full available price history since Nov 15, 2023	0.36

Return for Risk

THTA vs. FAGIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

THTA

THTA Risk / Return Rank: 96
THTA Sharpe Ratio Rank: 95
THTA Sortino Ratio Rank: 95
THTA Omega Ratio Rank: 97
THTA Calmar Ratio Rank: 96
THTA Martin Ratio Rank: 98

FAGIX

FAGIX Risk / Return Rank: 74
FAGIX Sharpe Ratio Rank: 69
FAGIX Sortino Ratio Rank: 66
FAGIX Omega Ratio Rank: 67
FAGIX Calmar Ratio Rank: 83
FAGIX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

THTA vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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.

	THTA	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	1.55	+1.20
Sortino ratio: Return per unit of downside risk	4.14	2.20	+1.94
Omega ratio: Gain probability vs. loss probability	1.69	1.28	+0.41
Calmar ratio: Return relative to maximum drawdown	6.44	2.72	+3.72
Martin ratio: Return relative to average drawdown	47.60	10.26	+37.34

THTA vs. FAGIX - Sharpe Ratio Comparison

The current THTA Sharpe Ratio is 2.75, which is higher than the FAGIX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of THTA 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

THTA vs. FAGIX - Drawdown Comparison

The maximum THTA drawdown since its inception was -31.41%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for THTA and FAGIX.

Drawdown Indicators

	THTA	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.41%	-37.97%	+6.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-4.02%	+1.38%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.26%	—
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	-4.49%	-3.07%	-1.42%
Average Drawdown Average peak-to-trough decline	-7.42%	-6.97%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	1.06%	-0.70%

Volatility

THTA vs. FAGIX - Volatility Comparison

SoFi Enhanced Yield ETF (THTA) and Fidelity Capital & Income Fund (FAGIX) have volatilities of 2.29% and 2.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THTA	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.24%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.85%	5.94%	-2.09%
Volatility (1Y) Calculated over the trailing 1-year period	6.17%	7.04%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.69%	6.79%	+12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	7.84%	+11.85%

THTA vs. FAGIX - Expense Ratio Comparison

THTA has a 0.49% expense ratio, which is lower than FAGIX's 0.67% expense ratio.

Dividends

THTA vs. FAGIX - Dividend Comparison

THTA's dividend yield for the trailing twelve months is around 10.90%, more than FAGIX's 5.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	5.05%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
THTA SoFi Enhanced Yield ETF	10.90%	12.66%	12.44%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THTA and FAGIX in my portfolio?

THTA and FAGIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THTA or FAGIX?

THTA has higher volatility (2.29%) compared to FAGIX (2.24%). In terms of maximum drawdown, THTA dropped -31.41% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.75 vs 1.55), 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.