ASBAX vs. FXNAX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and Fidelity U.S. Bond Index Fund (FXNAX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASBAX or FXNAX.
Correlation
The correlation between ASBAX and FXNAX is -0.07. 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.
Performance
ASBAX vs. FXNAX - Performance Comparison
Key characteristics
ASBAX:
2.66
FXNAX:
1.01
ASBAX:
4.72
FXNAX:
1.51
ASBAX:
1.67
FXNAX:
1.18
ASBAX:
3.63
FXNAX:
0.39
ASBAX:
16.46
FXNAX:
2.45
ASBAX:
0.34%
FXNAX:
2.18%
ASBAX:
2.09%
FXNAX:
5.28%
ASBAX:
-6.83%
FXNAX:
-19.64%
ASBAX:
-0.31%
FXNAX:
-8.32%
Returns By Period
In the year-to-date period, ASBAX achieves a 1.74% return, which is significantly lower than FXNAX's 1.96% return. Both investments have delivered pretty close results over the past 10 years, with ASBAX having a 1.30% annualized return and FXNAX not far ahead at 1.31%.
ASBAX
1.74%
-0.00%
2.43%
5.55%
1.01%
1.30%
FXNAX
1.96%
-0.10%
1.96%
5.13%
-1.10%
1.31%
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ASBAX vs. FXNAX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
ASBAX vs. FXNAX — Risk-Adjusted Performance Rank
ASBAX
FXNAX
ASBAX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
ASBAX vs. FXNAX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.67%, more than FXNAX's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.67% | 3.99% | 3.20% | 1.37% | 0.41% | 2.07% | 1.79% | 1.70% | 1.13% | 0.83% | 0.99% | 0.39% |
FXNAX Fidelity U.S. Bond Index Fund | 3.15% | 3.40% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
ASBAX vs. FXNAX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for ASBAX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. FXNAX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.66%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.59%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.