DFAPX vs. FIKQX
DFAPX (DFA Investment Grade Portfolio) and FIKQX (Fidelity Advisor Investment Grade Bond Fund Class Z) are both mutual funds - DFAPX is a Intermediate Core Bond fund managed by Dimensional, while FIKQX is a Total Bond Market fund managed by Fidelity. Over the past 5 years, DFAPX returned 0.49%/yr vs 0.19%/yr for FIKQX. Their correlation of 0.92 suggests significant overlap in exposure. DFAPX charges 0.20%/yr vs 0.36%/yr for FIKQX.
Performance
DFAPX vs. FIKQX - Performance Comparison
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Returns By Period
In the year-to-date period, DFAPX achieves a 0.55% return, which is significantly higher than FIKQX's 0.10% return.
DFAPX
- 1D
- -0.29%
- 1M
- 0.59%
- YTD
- 0.55%
- 6M
- 0.65%
- 1Y
- 4.32%
- 3Y*
- 4.49%
- 5Y*
- 0.49%
- 10Y*
- 1.95%
FIKQX
- 1D
- -0.28%
- 1M
- 0.62%
- YTD
- 0.10%
- 6M
- 0.43%
- 1Y
- 4.06%
- 3Y*
- 4.25%
- 5Y*
- 0.19%
- 10Y*
- —
DFAPX vs. FIKQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 0.55% | 7.22% | 1.81% | 6.84% | -12.92% | -1.57% | 9.19% | 9.97% | 1.98% |
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 0.10% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
Correlation
The correlation between DFAPX and FIKQX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.92 |
The correlation between DFAPX and FIKQX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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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.
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.
| DFAPX | FIKQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.39 | +0.33 |
| Martin ratioReturn relative to average drawdown | 4.67 | 3.94 | +0.73 |
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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 | -2.66% | -3.13% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -6.05% | +1.31% |
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 | -1.30% | -1.85% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -5.19% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.11% | -0.14% |
Volatility
DFAPX vs. FIKQX - Volatility Comparison
DFA Investment Grade Portfolio (DFAPX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) have volatilities of 1.11% and 1.08%, 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
| DFAPX | FIKQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.08% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.81% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.87% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.82% | 6.00% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.48% | -0.59% |
DFAPX vs. FIKQX - Expense Ratio Comparison
DFAPX has a 0.20% expense ratio, which is lower than FIKQX's 0.36% expense ratio.
Dividends
DFAPX vs. FIKQX - Dividend Comparison
DFAPX's dividend yield for the trailing twelve months is around 3.74%, less than FIKQX's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAPX DFA Investment Grade Portfolio | 3.74% | 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 | 4.02% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFAPX and FIKQX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFAPX has higher volatility (1.11%) compared to FIKQX (1.08%). In terms of maximum drawdown, DFAPX dropped -18.30% vs FIKQX's -18.53%.
DFAPX currently has the higher Sharpe Ratio (1.19 vs 1.13), 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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