APBDX vs. FTHRX
APBDX (Cavanal Hill Bond Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, APBDX returned 1.05%/yr vs 1.96%/yr for FTHRX. Their correlation of 0.87 suggests significant overlap in exposure. APBDX charges 0.72%/yr vs 0.45%/yr for FTHRX.
Performance
APBDX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, APBDX achieves a 0.18% return, which is significantly higher than FTHRX's -0.14% return. Over the past 10 years, APBDX has underperformed FTHRX with an annualized return of 1.05%, while FTHRX has yielded a comparatively higher 1.96% annualized return.
APBDX
- 1D
- 0.12%
- 1M
- 0.80%
- YTD
- 0.18%
- 6M
- 0.49%
- 1Y
- 3.54%
- 3Y*
- 3.80%
- 5Y*
- -0.23%
- 10Y*
- 1.05%
FTHRX
- 1D
- 0.10%
- 1M
- 0.32%
- YTD
- -0.14%
- 6M
- 0.16%
- 1Y
- 3.12%
- 3Y*
- 4.54%
- 5Y*
- 1.04%
- 10Y*
- 1.96%
APBDX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | 0.18% | 6.49% | 1.90% | 5.47% | -13.46% | -1.57% | 6.67% | 7.17% | 0.02% | 2.18% |
FTHRX Fidelity Intermediate Bond Fund | -0.14% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Correlation
The correlation between APBDX and FTHRX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 1990 | 0.87 |
The correlation between APBDX and FTHRX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
APBDX vs. FTHRX — Risk / Return Rank
APBDX
FTHRX
APBDX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Bond Fund (APBDX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| APBDX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.59 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.72 | 4.36 | -0.64 |
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Drawdowns
APBDX vs. FTHRX - Drawdown Comparison
The maximum APBDX drawdown since its inception was -18.21%, roughly equal to the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for APBDX and FTHRX.
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Drawdown Indicators
| APBDX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -19.01% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.11% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -2.68% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -13.18% | -5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -18.21% | -13.25% | -4.96% |
Current DrawdownCurrent decline from peak | -2.38% | -1.38% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -3.06% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.76% | +0.26% |
Volatility
APBDX vs. FTHRX - Volatility Comparison
Cavanal Hill Bond Fund (APBDX) and Fidelity Intermediate Bond Fund (FTHRX) have volatilities of 0.89% and 0.88%, 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.
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Volatility by Period
| APBDX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.88% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.08% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 2.79% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 4.04% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 3.40% | +1.33% |
APBDX vs. FTHRX - Expense Ratio Comparison
APBDX has a 0.72% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Dividends
APBDX vs. FTHRX - Dividend Comparison
APBDX's dividend yield for the trailing twelve months is around 3.74%, more than FTHRX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | 3.74% | 3.54% | 3.45% | 2.65% | 2.41% | 1.85% | 1.79% | 2.24% | 2.16% | 1.62% | 1.97% | 1.79% |
FTHRX Fidelity Intermediate Bond Fund | 3.70% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
Frequently Asked Questions
APBDX and FTHRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APBDX has higher volatility (0.89%) compared to FTHRX (0.88%). In terms of maximum drawdown, APBDX dropped -18.21% vs FTHRX's -19.01%.
FTHRX currently has the higher Sharpe Ratio (1.20 vs 1.00), 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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