CDCDX vs. FBLTX
CDCDX (The Community Development Fund) and FBLTX (Fidelity SAI Long-Term Treasury Bond Index Fund) are both Government Bonds funds. Over the past 5 years, CDCDX returned 0.45%/yr vs -8.59%/yr for FBLTX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. CDCDX charges 1.00%/yr vs 0.03%/yr for FBLTX.
Performance
CDCDX vs. FBLTX - Performance Comparison
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Returns By Period
In the year-to-date period, CDCDX achieves a -0.09% return, which is significantly higher than FBLTX's -3.68% return.
CDCDX
- 1D
- 0.23%
- 1M
- -0.78%
- 6M
- -0.26%
- YTD
- -0.09%
- 1Y
- 1.12%
- 3Y*
- 3.19%
- 5Y*
- 0.45%
- 10Y*
- —
- ALL TIME*
- 1.32%
FBLTX
- 1D
- 0.32%
- 1M
- -3.93%
- 6M
- -3.44%
- YTD
- -3.68%
- 1Y
- -2.62%
- 3Y*
- -1.26%
- 5Y*
- -8.59%
- 10Y*
- -2.42%
- ALL TIME*
- -1.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CDCDX vs. FBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDCDX The Community Development Fund | -0.09% | 4.71% | 2.41% | 3.76% | -6.68% | -1.86% | 4.39% | 5.35% | -0.30% | 1.54% |
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | -3.68% | 4.39% | -8.05% | 2.71% | -31.84% | -4.89% | 18.27% | 14.36% | -1.24% | 9.06% |
Correlation
The correlation between CDCDX and FBLTX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.73 |
The correlation between CDCDX and FBLTX has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
CDCDX vs. FBLTX — Risk / Return Rank
CDCDX
FBLTX
CDCDX vs. FBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Community Development Fund (CDCDX) and Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX). 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.
| CDCDX | FBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.96 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.31 | +1.23 |
| Martin ratioReturn relative to average drawdown | 2.18 | -0.69 | +2.87 |
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Drawdowns
CDCDX vs. FBLTX - Drawdown Comparison
The maximum CDCDX drawdown since its inception was -10.67%, smaller than the maximum FBLTX drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for CDCDX and FBLTX.
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Drawdown Indicators
| CDCDX | FBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -49.06% | +38.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -8.02% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -14.75% | +11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -44.19% | +34.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.06% | — |
Current DrawdownCurrent decline from peak | -1.84% | -43.13% | +41.29% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -21.30% | +18.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 3.61% | -2.68% |
Volatility
CDCDX vs. FBLTX - Volatility Comparison
The current volatility for The Community Development Fund (CDCDX) is 0.97%, while Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a volatility of 2.54%. This indicates that CDCDX experiences smaller price fluctuations and is considered to be less risky than FBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDCDX | FBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.54% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 6.82% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 9.17% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 15.57% | -11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 14.51% | -11.38% |
CDCDX vs. FBLTX - Expense Ratio Comparison
CDCDX has a 1.00% expense ratio, which is higher than FBLTX's 0.03% expense ratio.
Dividends
CDCDX vs. FBLTX - Dividend Comparison
CDCDX's dividend yield for the trailing twelve months is around 2.27%, less than FBLTX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDCDX The Community Development Fund | 2.27% | 2.12% | 2.73% | 3.36% | 3.19% | 0.96% | 1.46% | 1.86% | 1.90% | 1.94% | 0.00% | 0.00% |
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.99% | 4.04% | 3.60% | 3.29% | 2.25% | 1.81% | 6.73% | 2.39% | 2.87% | 2.68% | 3.70% | 0.39% |
Frequently Asked Questions
CDCDX and FBLTX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBLTX has higher volatility (2.54%) compared to CDCDX (0.97%). In terms of maximum drawdown, CDCDX dropped -10.67% vs FBLTX's -49.06%.
CDCDX currently has the higher Sharpe Ratio (0.67 vs -0.27), 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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