EVGOX vs. FCBFX
Compare and contrast key facts about Eaton Vance Government Opportunities Fund (EVGOX) and Fidelity Corporate Bond Fund (FCBFX).
EVGOX is managed by Eaton Vance. It was launched on Aug 23, 1984. FCBFX is managed by Fidelity. It was launched on May 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVGOX or FCBFX.
Correlation
The correlation between EVGOX and FCBFX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EVGOX vs. FCBFX - Performance Comparison
Key characteristics
EVGOX:
0.15
FCBFX:
0.89
EVGOX:
0.25
FCBFX:
1.31
EVGOX:
1.03
FCBFX:
1.16
EVGOX:
0.12
FCBFX:
0.44
EVGOX:
0.33
FCBFX:
2.82
EVGOX:
3.18%
FCBFX:
1.87%
EVGOX:
7.24%
FCBFX:
5.86%
EVGOX:
-17.65%
FCBFX:
-22.73%
EVGOX:
-5.14%
FCBFX:
-6.02%
Returns By Period
In the year-to-date period, EVGOX achieves a -0.77% return, which is significantly lower than FCBFX's -0.29% return. Over the past 10 years, EVGOX has underperformed FCBFX with an annualized return of 0.68%, while FCBFX has yielded a comparatively higher 2.52% annualized return.
EVGOX
-0.77%
-0.48%
-0.28%
1.62%
0.37%
0.68%
FCBFX
-0.29%
-0.13%
1.91%
5.27%
0.46%
2.52%
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EVGOX vs. FCBFX - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than FCBFX's 0.44% expense ratio.
Risk-Adjusted Performance
EVGOX vs. FCBFX — Risk-Adjusted Performance Rank
EVGOX
FCBFX
EVGOX vs. FCBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and Fidelity Corporate Bond Fund (FCBFX). 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
EVGOX vs. FCBFX - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.74%, more than FCBFX's 5.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 5.74% | 5.69% | 5.47% | 2.77% | 1.78% | 2.18% | 3.26% | 3.35% | 3.55% | 3.30% | 3.81% | 4.16% |
FCBFX Fidelity Corporate Bond Fund | 5.28% | 5.26% | 4.66% | 4.23% | 2.53% | 2.58% | 3.29% | 4.23% | 3.17% | 3.26% | 3.32% | 3.07% |
Drawdowns
EVGOX vs. FCBFX - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -17.65%, smaller than the maximum FCBFX drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for EVGOX and FCBFX. For additional features, visit the drawdowns tool.
Volatility
EVGOX vs. FCBFX - Volatility Comparison
Eaton Vance Government Opportunities Fund (EVGOX) has a higher volatility of 2.21% compared to Fidelity Corporate Bond Fund (FCBFX) at 1.77%. This indicates that EVGOX's price experiences larger fluctuations and is considered to be riskier than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.