TMAYX vs. FAGIX
Compare and contrast key facts about Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) and Fidelity Capital & Income Fund (FAGIX).
TMAYX is an actively managed fund by Touchstone. It was launched on Aug 31, 2015. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Performance
TMAYX vs. FAGIX - Performance Comparison
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TMAYX vs. FAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | -0.58% | 6.15% | 8.27% | 13.25% | -8.54% | 9.47% | 4.72% | 12.39% | -2.47% | 0.31% |
FAGIX Fidelity Capital & Income Fund | -0.85% | 12.38% | 10.69% | 13.02% | -11.50% | 11.13% | 9.95% | 18.96% | -7.17% | 11.66% |
Returns By Period
In the year-to-date period, TMAYX achieves a -0.58% return, which is significantly higher than FAGIX's -0.85% return. Over the past 10 years, TMAYX has underperformed FAGIX with an annualized return of 4.39%, while FAGIX has yielded a comparatively higher 7.42% annualized return.
TMAYX
- 1D
- 0.11%
- 1M
- -1.64%
- YTD
- -0.58%
- 6M
- -0.07%
- 1Y
- 5.70%
- 3Y*
- 7.97%
- 5Y*
- 4.71%
- 10Y*
- 4.39%
FAGIX
- 1D
- -0.56%
- 1M
- -3.17%
- YTD
- -0.85%
- 6M
- 0.91%
- 1Y
- 12.88%
- 3Y*
- 10.34%
- 5Y*
- 5.79%
- 10Y*
- 7.42%
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TMAYX vs. FAGIX - Expense Ratio Comparison
TMAYX has a 0.78% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Return for Risk
TMAYX vs. FAGIX — Risk / Return Rank
TMAYX
FAGIX
TMAYX vs. FAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) 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.
| TMAYX | FAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.91 | -0.30 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.63 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.79 | -1.13 |
Martin ratioReturn relative to average drawdown | 7.82 | 11.77 | -3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMAYX | FAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.91 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.90 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.96 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.85 | -0.02 |
Correlation
The correlation between TMAYX and FAGIX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TMAYX vs. FAGIX - Dividend Comparison
TMAYX's dividend yield for the trailing twelve months is around 7.89%, more than FAGIX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | 7.89% | 7.25% | 7.82% | 7.91% | 6.25% | 6.37% | 6.43% | 3.81% | 2.18% | 4.47% | 2.86% | 1.81% |
FAGIX Fidelity Capital & Income Fund | 4.43% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
Drawdowns
TMAYX vs. FAGIX - Drawdown Comparison
The maximum TMAYX drawdown since its inception was -21.44%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for TMAYX and FAGIX.
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Drawdown Indicators
| TMAYX | FAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -37.97% | +16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -4.41% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -13.66% | -15.42% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | -28.45% | +7.01% |
Current DrawdownCurrent decline from peak | -1.91% | -3.49% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -7.01% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.05% | -0.38% |
Volatility
TMAYX vs. FAGIX - Volatility Comparison
The current volatility for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) is 1.03%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 2.47%. This indicates that TMAYX 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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Volatility by Period
| TMAYX | FAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 2.47% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 4.53% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 6.95% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 6.47% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 7.78% | -2.74% |