Fidelity International Bond Index Fund (FBIIX)

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Fidelity International Bond Index Fund (FBIIX) is up 1.2% since the beginning of the year. FBIIX is currently trading at $9 per share. Investors who bought $1,000 worth of FBIIX shares 5 years ago would now be looking at an investment worth $1,041.

Fidelity International Bond Index Fund (FBIIX) has returned 1.16% so far this year and 2.44% over the past 12 months.

Based on dividend-adjusted daily data since Oct 10, 2019, FBIIX's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Jul 2022 with a return of +2.9%, while the worst month was Aug 2022 at -2.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FBIIX closed higher 40% of trading days. The best single day was Mar 20, 2020 with a return of +0.9%, while the worst single day was Mar 13, 2020 at -1.1%.

Fidelity International Bond Index Fund has an annualized alpha of 0.68%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 10, 2019.

• This fund participated in 18.86% of S&P 500 Index downside but only 8.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FBIIX has an expense ratio of 0.06%, which is considered low.

FBIIX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Fidelity International Bond Index Fund provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Fidelity International Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity International Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity International Bond Index Fund was 13.79%, occurring on Oct 21, 2022. Recovery took 668 trading sessions.

The current Fidelity International Bond Index Fund drawdown is 0.79%.

The chart below shows the rolling one-month volatility.