ANAGX vs. FEPIX

Last updated Apr 1, 2026

Compare and contrast key facts about AB Global Bond Fund (ANAGX) and Fidelity Total Bond Fund (FEPIX).

ANAGX is managed by AllianceBernstein. It was launched on Mar 26, 1992. FEPIX is managed by Fidelity.

Performance

ANAGX vs. FEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Bond Fund (ANAGX) and Fidelity Total Bond Fund (FEPIX). The values are adjusted to include any dividend payments, if applicable.

ANAGX vs. FEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANAGX AB Global Bond Fund	-1.03%	4.97%	1.73%	6.53%	-12.41%	-2.49%	4.72%	7.44%	0.09%	2.99%
FEPIX Fidelity Total Bond Fund	-0.50%	7.45%	1.71%	6.79%	-13.55%	-0.46%	9.29%	9.83%	-0.82%	4.24%

Returns By Period

In the year-to-date period, ANAGX achieves a -1.03% return, which is significantly lower than FEPIX's -0.50% return. Over the past 10 years, ANAGX has underperformed FEPIX with an annualized return of 1.33%, while FEPIX has yielded a comparatively higher 2.43% annualized return.

ANAGX

• 1D: 0.44%
• 1M: -2.70%
• YTD: -1.03%
• 6M: -0.44%
• 1Y: 2.41%
• 3Y*: 3.06%
• 5Y*: -0.27%
• 10Y*: 1.33%

FEPIX

• 1D: 0.53%
• 1M: -2.35%
• YTD: -0.50%
• 6M: 0.44%
• 1Y: 4.14%
• 3Y*: 3.99%
• 5Y*: 0.60%
• 10Y*: 2.43%

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

ANAGX vs. FEPIX - Expense Ratio Comparison

ANAGX has a 0.80% expense ratio, which is higher than FEPIX's 0.50% expense ratio.

ANAGX

AB Global Bond Fund

FEPIX

Fidelity Total Bond Fund

Return for Risk

ANAGX vs. FEPIX — Risk / Return Rank

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

ANAGX

ANAGX Risk / Return Rank: 36
ANAGX Sharpe Ratio Rank: 39
ANAGX Sortino Ratio Rank: 34
ANAGX Omega Ratio Rank: 30
ANAGX Calmar Ratio Rank: 38
ANAGX Martin Ratio Rank: 41

FEPIX

FEPIX Risk / Return Rank: 60
FEPIX Sharpe Ratio Rank: 60
FEPIX Sortino Ratio Rank: 60
FEPIX Omega Ratio Rank: 43
FEPIX Calmar Ratio Rank: 77
FEPIX Martin Ratio Rank: 57

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.

ANAGX vs. FEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund (ANAGX) and Fidelity Total Bond Fund (FEPIX). 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.

	ANAGX	FEPIX	Difference
Sharpe ratio Return per unit of total volatility	0.83	1.07	-0.23
Sortino ratio Return per unit of downside risk	1.15	1.53	-0.38
Omega ratio Gain probability vs. loss probability	1.16	1.18	-0.03
Calmar ratio Return relative to maximum drawdown	1.01	1.81	-0.80
Martin ratio Return relative to average drawdown	4.21	5.50	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANAGX vs. FEPIX - Sharpe Ratio Comparison

The current ANAGX Sharpe Ratio is 0.83, which is comparable to the FEPIX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of ANAGX and FEPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ANAGX	FEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	1.07	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.11	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.52	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.89	-0.18

Correlation

The correlation between ANAGX and FEPIX is 0.71, 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.

Dividends

ANAGX vs. FEPIX - Dividend Comparison

ANAGX's dividend yield for the trailing twelve months is around 3.16%, less than FEPIX's 3.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANAGX AB Global Bond Fund	3.16%	3.40%	2.88%	2.87%	8.08%	2.37%	2.38%	3.22%	3.01%	2.23%	2.96%	3.69%
FEPIX Fidelity Total Bond Fund	3.97%	4.31%	3.74%	3.74%	2.49%	1.87%	5.17%	2.97%	3.14%	2.92%	3.55%	3.25%

Drawdowns

ANAGX vs. FEPIX - Drawdown Comparison

The maximum ANAGX drawdown since its inception was -44.21%, which is greater than FEPIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for ANAGX and FEPIX.

Drawdown Indicators

	ANAGX	FEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-18.40%	-25.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-2.86%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-17.60%	-18.40%	+0.80%
Max Drawdown (10Y) Largest decline over 10 years	-17.60%	-18.40%	+0.80%
Current Drawdown Current decline from peak	-4.02%	-2.35%	-1.67%
Average Drawdown Average peak-to-trough decline	-3.68%	-2.48%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	0.94%	-0.19%

Volatility

ANAGX vs. FEPIX - Volatility Comparison

The current volatility for AB Global Bond Fund (ANAGX) is 1.50%, while Fidelity Total Bond Fund (FEPIX) has a volatility of 1.58%. This indicates that ANAGX experiences smaller price fluctuations and is considered to be less risky than FEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANAGX	FEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	1.58%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	2.62%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	4.37%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.36%	5.65%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	4.71%	-1.01%