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ABNDX vs. FOCPX

Last updated Feb 24, 2024

Compare and contrast key facts about American Funds The Bond Fund of America (ABNDX) and Fidelity OTC Portfolio (FOCPX).

ABNDX is managed by American Funds. It was launched on May 28, 1974. FOCPX is managed by Fidelity. It was launched on Dec 31, 1984.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABNDX or FOCPX.

Key characteristics


ABNDXFOCPX
YTD Return-1.93%9.46%
1Y Return2.28%44.01%
3Y Return (Ann)-3.44%7.87%
5Y Return (Ann)0.90%19.22%
10Y Return (Ann)1.53%16.17%
Sharpe Ratio0.352.84
Daily Std Dev7.58%15.93%
Max Drawdown-17.75%-69.01%
Current Drawdown-11.62%-0.30%

Correlation

-0.02
-1.001.00

The correlation between ABNDX and FOCPX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

ABNDX vs. FOCPX - Performance Comparison

In the year-to-date period, ABNDX achieves a -1.93% return, which is significantly lower than FOCPX's 9.46% return. Over the past 10 years, ABNDX has underperformed FOCPX with an annualized return of 1.53%, while FOCPX has yielded a comparatively higher 16.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%SeptemberOctoberNovemberDecember2024February
3.42%
21.26%
ABNDX
FOCPX

Compare stocks, funds, or ETFs


American Funds The Bond Fund of America

Fidelity OTC Portfolio

ABNDX vs. FOCPX - Dividend Comparison

ABNDX's dividend yield for the trailing twelve months is around 3.76%, more than FOCPX's 0.05% yield.


TTM20232022202120202019201820172016201520142013
ABNDX
American Funds The Bond Fund of America
3.76%3.57%2.71%1.62%5.03%3.66%2.38%1.84%1.55%2.01%2.13%2.38%
FOCPX
Fidelity OTC Portfolio
0.05%0.05%4.06%11.53%6.23%7.58%7.93%4.86%3.24%4.64%12.91%13.60%

ABNDX vs. FOCPX - Expense Ratio Comparison

ABNDX has a 0.55% expense ratio, which is lower than FOCPX's 0.80% expense ratio.

0.80%
0.00%2.15%
0.55%
0.00%2.15%

ABNDX vs. FOCPX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America (ABNDX) and Fidelity OTC Portfolio (FOCPX). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABNDX
American Funds The Bond Fund of America
0.35
FOCPX
Fidelity OTC Portfolio
2.84

ABNDX vs. FOCPX - Sharpe Ratio Comparison

The current ABNDX Sharpe Ratio is 0.35, which is lower than the FOCPX Sharpe Ratio of 2.84. The chart below compares the 12-month rolling Sharpe Ratio of ABNDX and FOCPX.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00SeptemberOctoberNovemberDecember2024February
0.35
2.84
ABNDX
FOCPX

ABNDX vs. FOCPX - Drawdown Comparison

The maximum ABNDX drawdown since its inception was -17.75%, smaller than the maximum FOCPX drawdown of -69.01%. The drawdown chart below compares losses from any high point along the way for ABNDX and FOCPX


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February
-11.62%
-0.30%
ABNDX
FOCPX

ABNDX vs. FOCPX - Volatility Comparison

The current volatility for American Funds The Bond Fund of America (ABNDX) is 2.32%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 5.74%. This indicates that ABNDX experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2024February
2.32%
5.74%
ABNDX
FOCPX