VWESX vs. FAGIX
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) and Fidelity Capital & Income Fund (FAGIX).
VWESX is managed by Vanguard. It was launched on Jul 9, 1973. 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: VWESX or FAGIX.
Key characteristics
| VWESX | FAGIX | |
|---|---|---|
| YTD Return | 5.59% | 8.36% |
| 1Y Return | 15.15% | 13.91% |
| 3Y Return (Ann) | -5.33% | 3.24% |
| 5Y Return (Ann) | -0.37% | 6.83% |
| 10Y Return (Ann) | 3.16% | 6.20% |
| Sharpe Ratio | 1.26 | 2.88 |
| Daily Std Dev | 12.37% | 5.13% |
| Max Drawdown | -35.84% | -37.79% |
| Current Drawdown | -17.81% | 0.00% |
Correlation
The correlation between VWESX and FAGIX is 0.14, 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
VWESX vs. FAGIX - Performance Comparison
In the year-to-date period, VWESX achieves a 5.59% return, which is significantly lower than FAGIX's 8.36% return. Over the past 10 years, VWESX has underperformed FAGIX with an annualized return of 3.16%, while FAGIX has yielded a comparatively higher 6.20% annualized return. 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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VWESX vs. FAGIX - Expense Ratio Comparison
VWESX has a 0.22% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
VWESX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) 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
VWESX vs. FAGIX - Dividend Comparison
VWESX's dividend yield for the trailing twelve months is around 4.54%, less than FAGIX's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.54% | 4.55% | 4.43% | 5.28% | 6.89% | 5.01% | 4.30% | 5.49% | 6.16% | 5.92% | 5.41% | 5.55% |
FAGIX Fidelity Capital & Income Fund | 5.17% | 5.29% | 11.37% | 6.55% | 4.88% | 4.98% | 7.31% | 5.03% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
VWESX vs. FAGIX - Drawdown Comparison
The maximum VWESX drawdown since its inception was -35.84%, smaller than the maximum FAGIX drawdown of -37.79%. Use the drawdown chart below to compare losses from any high point for VWESX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
VWESX vs. FAGIX - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a higher volatility of 1.87% compared to Fidelity Capital & Income Fund (FAGIX) at 1.38%. This indicates that VWESX'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.