WTV vs. FAGIX

Last updated Jun 13, 2026

WTV (WisdomTree US Value ETF) and FAGIX (Fidelity Capital & Income Fund) are both funds - WTV is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Value Index, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. WTV is passively managed, while FAGIX is actively managed. Over the past 5 years, WTV returned 13.33%/yr vs 6.75%/yr for FAGIX. A 0.71 correlation means they provide meaningful diversification when combined. WTV charges 0.12%/yr vs 0.67%/yr for FAGIX.

Performance

WTV vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Value ETF (WTV) 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, WTV achieves a 11.65% return, which is significantly higher than FAGIX's 7.40% return.

WTV

• 1D: 0.82%
• 1M: 4.49%
• YTD: 11.65%
• 6M: 10.71%
• 1Y: 24.63%
• 3Y*: 21.39%
• 5Y*: 13.33%
• 10Y*: —

FAGIX

• 1D: 1.15%
• 1M: 0.25%
• YTD: 7.40%
• 6M: 7.95%
• 1Y: 16.73%
• 3Y*: 12.87%
• 5Y*: 6.75%
• 10Y*: 8.03%

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

WTV vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WTV WisdomTree US Value ETF	11.65%	13.51%	23.99%	22.35%	-8.06%	30.59%	6.15%	29.69%	-8.29%	1.58%
FAGIX Fidelity Capital & Income Fund	7.40%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	0.90%

Correlation

The correlation between WTV and FAGIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017	0.71

The correlation between WTV and FAGIX shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTV vs. FAGIX — Risk / Return Rank

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

WTV

WTV Risk / Return Rank: 74
WTV Sharpe Ratio Rank: 75
WTV Sortino Ratio Rank: 79
WTV Omega Ratio Rank: 72
WTV Calmar Ratio Rank: 77
WTV Martin Ratio Rank: 70

FAGIX

FAGIX Risk / Return Rank: 91
FAGIX Sharpe Ratio Rank: 91
FAGIX Sortino Ratio Rank: 88
FAGIX Omega Ratio Rank: 87
FAGIX Calmar Ratio Rank: 95
FAGIX Martin Ratio Rank: 96

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.

WTV vs. FAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Value ETF (WTV) 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.

	WTV	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.63	-0.56
Sortino ratio: Return per unit of downside risk	3.02	3.75	-0.73
Omega ratio: Gain probability vs. loss probability	1.37	1.52	-0.15
Calmar ratio: Return relative to maximum drawdown	3.46	4.85	-1.39
Martin ratio: Return relative to average drawdown	11.26	19.86	-8.60

WTV vs. FAGIX - Sharpe Ratio Comparison

The current WTV Sharpe Ratio is 2.08, which is comparable to the FAGIX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of WTV 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

WTV vs. FAGIX - Drawdown Comparison

The maximum WTV drawdown since its inception was -42.18%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for WTV and FAGIX.

Drawdown Indicators

	WTV	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.18%	-37.97%	-4.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-3.49%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-7.26%	-11.23%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-15.42%	-3.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.45%	—
Current Drawdown Current decline from peak	0.00%	-1.04%	+1.04%
Average Drawdown Average peak-to-trough decline	-5.04%	-6.98%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	0.85%	+1.34%

Volatility

WTV vs. FAGIX - Volatility Comparison

WisdomTree US Value ETF (WTV) has a higher volatility of 3.48% compared to Fidelity Capital & Income Fund (FAGIX) at 2.71%. This indicates that WTV'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

	WTV	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.71%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	5.30%	+2.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	6.42%	+5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	6.66%	+10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	7.84%	+12.34%

WTV vs. FAGIX - Expense Ratio Comparison

WTV has a 0.12% expense ratio, which is lower than FAGIX's 0.67% expense ratio.

Dividends

WTV vs. FAGIX - Dividend Comparison

WTV's dividend yield for the trailing twelve months is around 1.63%, less than FAGIX's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGIX Fidelity Capital & Income Fund	4.47%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%
WTV WisdomTree US Value ETF	1.63%	1.59%	1.54%	1.62%	2.08%	1.55%	1.63%	1.44%	1.94%	0.41%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTV and FAGIX in my portfolio?

WTV and FAGIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTV or FAGIX?

WTV has higher volatility (3.48%) compared to FAGIX (2.71%). In terms of maximum drawdown, WTV dropped -42.18% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.63 vs 2.08), 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.