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APBDX vs. FEDUX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

APBDX vs. FEDUX

Last updated Jun 23, 2026

APBDX (Cavanal Hill Bond Fund) and FEDUX (Fidelity Education Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, APBDX returned -0.22%/yr vs -0.44%/yr for FEDUX. Their correlation of 0.84 suggests significant overlap in exposure. APBDX charges 0.72%/yr vs 0.00%/yr for FEDUX.

Performance

APBDX vs. FEDUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cavanal Hill Bond Fund (APBDX) and Fidelity Education Income Fund (FEDUX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, APBDX achieves a 0.41% return, which is significantly higher than FEDUX's 0.13% return.

APBDX

1D
0.12%
1M
1.04%
YTD
0.41%
6M
0.85%
1Y
4.27%
3Y*
3.93%
5Y*
-0.22%
10Y*
1.12%

FEDUX

1D
0.11%
1M
0.36%
YTD
0.13%
6M
0.49%
1Y
3.54%
3Y*
2.65%
5Y*
-0.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

APBDX vs. FEDUX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
APBDX
Cavanal Hill Bond Fund		0.41%6.49%1.90%5.47%-13.46%0.06%
FEDUX
Fidelity Education Income Fund		0.13%6.40%-0.29%1.62%-8.38%-1.27%

Correlation

The correlation between APBDX and FEDUX is 0.80, 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

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.85

The correlation between APBDX and FEDUX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Cavanal Hill Bond Fund

Fidelity Education Income Fund

Often compared with APBDX:
APBDX vs. DUTMXAPBDX vs. APUSXAPBDX vs. APLIXAPBDX vs. JIBEXAPBDX vs. MCDWXAPBDX vs. APENXAPBDX vs. PCGTX
Often compared with FEDUX:
FEDUX vs. TLTFEDUX vs. TRLVXFEDUX vs. MBDFXFEDUX vs. NCRLXFEDUX vs. VUAA.LFEDUX vs. FMBPXFEDUX vs. CRAIX

Return for Risk

APBDX vs. FEDUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
APBDX
APBDX Risk / Return Rank: 2020
Overall Rank
APBDX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
APBDX Sortino Ratio Rank: 2121
Sortino Ratio Rank
APBDX Omega Ratio Rank: 1818
Omega Ratio Rank
APBDX Calmar Ratio Rank: 2121
Calmar Ratio Rank
APBDX Martin Ratio Rank: 1818
Martin Ratio Rank
FEDUX
FEDUX Risk / Return Rank: 3333
Overall Rank
FEDUX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FEDUX Sortino Ratio Rank: 3838
Sortino Ratio Rank
FEDUX Omega Ratio Rank: 3434
Omega Ratio Rank
FEDUX Calmar Ratio Rank: 3535
Calmar Ratio Rank
FEDUX Martin Ratio Rank: 3030
Martin Ratio Rank
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.

APBDX vs. FEDUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Bond Fund (APBDX) and Fidelity Education Income Fund (FEDUX). 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.

APBDXFEDUXDifference
Sharpe ratioReturn per unit of total volatility
1.17
1.47

-0.30

Sortino ratioReturn per unit of downside risk
1.80
2.37

-0.57

Omega ratioGain probability vs. loss probability

1.21

1.29

-0.08

Calmar ratioReturn relative to maximum drawdown

1.57

2.13

-0.56

Martin ratioReturn relative to average drawdown

4.37

6.41

-2.04

APBDX vs. FEDUX - Sharpe Ratio Comparison

The current APBDX Sharpe Ratio is 1.17, which is comparable to the FEDUX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of APBDX and FEDUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

APBDX vs. FEDUX - Drawdown Comparison

The maximum APBDX drawdown since its inception was -18.21%, which is greater than FEDUX's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for APBDX and FEDUX.

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Drawdown Indicators

APBDXFEDUXDifference

Max Drawdown

Largest peak-to-trough decline

-18.21%

-12.00%

-6.21%

Max Drawdown (1Y)

Largest decline over 1 year

-2.83%

-1.72%

-1.11%

Max Drawdown (3Y)

Largest decline over 3 years

-5.81%

-2.80%

-3.01%

Max Drawdown (5Y)

Largest decline over 5 years

-18.21%

-12.00%

-6.21%

Max Drawdown (10Y)

Largest decline over 10 years

-18.21%

—

—

Current Drawdown

Current decline from peak

-2.15%

-2.66%

+0.51%

Average Drawdown

Average peak-to-trough decline

-2.58%

-6.42%

+3.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.01%

0.57%

+0.44%

Volatility

APBDX vs. FEDUX - Volatility Comparison

Cavanal Hill Bond Fund (APBDX) has a higher volatility of 0.97% compared to Fidelity Education Income Fund (FEDUX) at 0.85%. This indicates that APBDX's price experiences larger fluctuations and is considered to be riskier than FEDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

APBDXFEDUXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.97%

0.85%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

2.64%

1.82%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

3.79%

2.50%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

3.14%

+2.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.73%

3.12%

+1.61%

APBDX vs. FEDUX - Expense Ratio Comparison

APBDX has a 0.72% expense ratio, which is higher than FEDUX's 0.00% expense ratio.

Dividends

APBDX vs. FEDUX - Dividend Comparison

APBDX's dividend yield for the trailing twelve months is around 3.73%, less than FEDUX's 4.40% yield.

PositionTTM20252024202320222021202020192018201720162015
APBDX
Cavanal Hill Bond Fund		3.73%3.54%3.45%2.65%2.41%1.85%1.79%2.24%2.16%1.62%1.97%1.79%
FEDUX
Fidelity Education Income Fund		4.40%4.43%0.36%0.71%0.00%0.13%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

APBDX and FEDUX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

APBDX has higher volatility (0.97%) compared to FEDUX (0.85%). In terms of maximum drawdown, APBDX dropped -18.21% vs FEDUX's -12.00%.

FEDUX currently has the higher Sharpe Ratio (1.47 vs 1.17), 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.

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