ABNFX vs. FBNDX
Compare and contrast key facts about American Funds The Bond Fund of America® Class F-2 (ABNFX) and Fidelity Investment Grade Bond Fund (FBNDX).
ABNFX is managed by American Funds. It was launched on Aug 4, 2008. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABNFX or FBNDX.
Correlation
The correlation between ABNFX and FBNDX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ABNFX vs. FBNDX - Performance Comparison
Key characteristics
ABNFX:
0.91
FBNDX:
0.82
ABNFX:
1.33
FBNDX:
1.22
ABNFX:
1.16
FBNDX:
1.15
ABNFX:
0.32
FBNDX:
0.31
ABNFX:
2.24
FBNDX:
2.02
ABNFX:
2.15%
FBNDX:
2.18%
ABNFX:
5.29%
FBNDX:
5.38%
ABNFX:
-19.92%
FBNDX:
-20.16%
ABNFX:
-9.58%
FBNDX:
-8.81%
Returns By Period
In the year-to-date period, ABNFX achieves a 1.28% return, which is significantly higher than FBNDX's 0.99% return. Over the past 10 years, ABNFX has underperformed FBNDX with an annualized return of 1.28%, while FBNDX has yielded a comparatively higher 1.55% annualized return.
ABNFX
1.28%
1.37%
-0.72%
5.19%
-0.39%
1.28%
FBNDX
0.99%
0.99%
-1.24%
4.71%
-0.45%
1.55%
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ABNFX vs. FBNDX - Expense Ratio Comparison
ABNFX has a 0.35% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
ABNFX vs. FBNDX — Risk-Adjusted Performance Rank
ABNFX
FBNDX
ABNFX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America® Class F-2 (ABNFX) and Fidelity Investment Grade Bond Fund (FBNDX). 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
ABNFX vs. FBNDX - Dividend Comparison
ABNFX's dividend yield for the trailing twelve months is around 4.53%, more than FBNDX's 3.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNFX American Funds The Bond Fund of America® Class F-2 | 4.53% | 4.56% | 3.84% | 2.97% | 1.68% | 2.12% | 2.57% | 2.66% | 2.10% | 1.97% | 2.23% | 2.40% |
FBNDX Fidelity Investment Grade Bond Fund | 3.62% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% |
Drawdowns
ABNFX vs. FBNDX - Drawdown Comparison
The maximum ABNFX drawdown since its inception was -19.92%, roughly equal to the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for ABNFX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
ABNFX vs. FBNDX - Volatility Comparison
American Funds The Bond Fund of America® Class F-2 (ABNFX) and Fidelity Investment Grade Bond Fund (FBNDX) have volatilities of 1.41% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.