DFAPX vs. FIKQX
Compare and contrast key facts about DFA Investment Grade Portfolio (DFAPX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX).
DFAPX is managed by Dimensional. It was launched on Mar 7, 2011. FIKQX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
DFAPX vs. FIKQX - Performance Comparison
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DFAPX vs. FIKQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | -0.05% | 7.22% | 1.81% | 6.84% | -12.92% | -1.57% | 9.19% | 9.97% | 2.28% |
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | -0.21% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
Returns By Period
In the year-to-date period, DFAPX achieves a -0.05% return, which is significantly higher than FIKQX's -0.21% return.
DFAPX
- 1D
- 0.30%
- 1M
- -1.50%
- YTD
- -0.05%
- 6M
- 0.51%
- 1Y
- 4.12%
- 3Y*
- 4.18%
- 5Y*
- 0.66%
- 10Y*
- 2.07%
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
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DFAPX vs. FIKQX - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is lower than FIKQX's 0.36% expense ratio.
Return for Risk
DFAPX vs. FIKQX — Risk / Return Rank
DFAPX
FIKQX
DFAPX vs. FIKQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Investment Grade Portfolio (DFAPX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX). 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.
| DFAPX | FIKQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.95 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.37 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.64 | +0.33 |
Martin ratioReturn relative to average drawdown | 5.75 | 4.72 | +1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFAPX | FIKQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.95 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.07 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.49 | -0.01 |
Correlation
The correlation between DFAPX and FIKQX is 0.92, 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.
Dividends
DFAPX vs. FIKQX - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.77%, more than FIKQX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.77% | 3.78% | 3.79% | 3.31% | 2.62% | 3.31% | 2.14% | 2.59% | 2.67% | 2.21% | 2.12% | 2.45% |
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.66% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFAPX vs. FIKQX - Drawdown Comparison
The maximum DFAPX drawdown since its inception was -18.30%, roughly equal to the maximum FIKQX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for DFAPX and FIKQX.
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Drawdown Indicators
| DFAPX | FIKQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.30% | -18.53% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -2.83% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -18.53% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -18.30% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -2.16% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -5.30% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.98% | -0.09% |
Volatility
DFAPX vs. FIKQX - Volatility Comparison
DFA Investment Grade Portfolio (DFAPX) has a higher volatility of 1.59% compared to Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) at 1.48%. This indicates that DFAPX's price experiences larger fluctuations and is considered to be riskier than FIKQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAPX | FIKQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.48% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.58% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.39% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 5.98% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 5.51% | -0.63% |