CLDAX vs. FGMNX
Compare and contrast key facts about Calvert Core Bond Fund (CLDAX) and Fidelity GNMA Fund (FGMNX).
CLDAX is managed by Calvert Research and Management. It was launched on Dec 30, 2004. FGMNX is managed by Fidelity. It was launched on Nov 8, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLDAX or FGMNX.
Correlation
The correlation between CLDAX and FGMNX 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.
Performance
CLDAX vs. FGMNX - Performance Comparison
Key characteristics
CLDAX:
0.20
FGMNX:
0.36
CLDAX:
0.32
FGMNX:
0.56
CLDAX:
1.04
FGMNX:
1.07
CLDAX:
0.06
FGMNX:
0.19
CLDAX:
0.53
FGMNX:
0.96
CLDAX:
2.12%
FGMNX:
2.23%
CLDAX:
5.45%
FGMNX:
5.89%
CLDAX:
-23.91%
FGMNX:
-16.62%
CLDAX:
-15.28%
FGMNX:
-7.26%
Returns By Period
The year-to-date returns for both stocks are quite close, with CLDAX having a -0.39% return and FGMNX slightly lower at -0.40%. Over the past 10 years, CLDAX has outperformed FGMNX with an annualized return of 1.48%, while FGMNX has yielded a comparatively lower 0.66% annualized return.
CLDAX
-0.39%
-1.34%
-0.11%
1.82%
-0.96%
1.48%
FGMNX
-0.40%
-1.25%
-0.35%
1.53%
-0.73%
0.66%
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CLDAX vs. FGMNX - Expense Ratio Comparison
CLDAX has a 0.74% expense ratio, which is higher than FGMNX's 0.45% expense ratio.
Risk-Adjusted Performance
CLDAX vs. FGMNX — Risk-Adjusted Performance Rank
CLDAX
FGMNX
CLDAX vs. FGMNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Core Bond Fund (CLDAX) and Fidelity GNMA Fund (FGMNX). 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
CLDAX vs. FGMNX - Dividend Comparison
CLDAX's dividend yield for the trailing twelve months is around 4.16%, more than FGMNX's 3.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLDAX Calvert Core Bond Fund | 4.16% | 4.15% | 3.87% | 2.19% | 1.39% | 2.53% | 3.05% | 3.62% | 3.03% | 3.13% | 2.85% | 3.00% |
FGMNX Fidelity GNMA Fund | 3.55% | 3.54% | 3.45% | 1.99% | 0.74% | 1.61% | 2.46% | 2.19% | 2.18% | 2.08% | 2.41% | 2.12% |
Drawdowns
CLDAX vs. FGMNX - Drawdown Comparison
The maximum CLDAX drawdown since its inception was -23.91%, which is greater than FGMNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for CLDAX and FGMNX. For additional features, visit the drawdowns tool.
Volatility
CLDAX vs. FGMNX - Volatility Comparison
The current volatility for Calvert Core Bond Fund (CLDAX) is 1.57%, while Fidelity GNMA Fund (FGMNX) has a volatility of 1.69%. This indicates that CLDAX experiences smaller price fluctuations and is considered to be less risky than FGMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.