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FBAPX vs. PTY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FBAPX and PTY is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

FBAPX vs. PTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Tactical Bond Fund (FBAPX) and PIMCO Corporate & Income Opportunity Fund (PTY). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%SeptemberOctoberNovemberDecember2025February
-0.76%
9.03%
FBAPX
PTY

Key characteristics

Sharpe Ratio

FBAPX:

0.86

PTY:

2.05

Sortino Ratio

FBAPX:

1.30

PTY:

2.38

Omega Ratio

FBAPX:

1.15

PTY:

1.58

Calmar Ratio

FBAPX:

0.69

PTY:

0.90

Martin Ratio

FBAPX:

2.22

PTY:

6.70

Ulcer Index

FBAPX:

2.07%

PTY:

2.39%

Daily Std Dev

FBAPX:

5.31%

PTY:

7.84%

Max Drawdown

FBAPX:

-13.71%

PTY:

-61.19%

Current Drawdown

FBAPX:

-2.73%

PTY:

-2.40%

Returns By Period

In the year-to-date period, FBAPX achieves a 1.04% return, which is significantly lower than PTY's 4.27% return.


FBAPX

YTD

1.04%

1M

0.81%

6M

-0.76%

1Y

4.60%

5Y*

N/A

10Y*

N/A

PTY

YTD

4.27%

1M

2.48%

6M

9.03%

1Y

15.13%

5Y*

4.25%

10Y*

9.53%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBAPX vs. PTY - Expense Ratio Comparison

FBAPX has a 0.66% expense ratio, which is lower than PTY's 1.19% expense ratio.


PTY
PIMCO Corporate & Income Opportunity Fund
Expense ratio chart for PTY: current value at 1.19% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.19%
Expense ratio chart for FBAPX: current value at 0.66% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.66%

Risk-Adjusted Performance

FBAPX vs. PTY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBAPX
The Risk-Adjusted Performance Rank of FBAPX is 4343
Overall Rank
The Sharpe Ratio Rank of FBAPX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of FBAPX is 4646
Sortino Ratio Rank
The Omega Ratio Rank of FBAPX is 3939
Omega Ratio Rank
The Calmar Ratio Rank of FBAPX is 5151
Calmar Ratio Rank
The Martin Ratio Rank of FBAPX is 3434
Martin Ratio Rank

PTY
The Risk-Adjusted Performance Rank of PTY is 7979
Overall Rank
The Sharpe Ratio Rank of PTY is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of PTY is 8282
Sortino Ratio Rank
The Omega Ratio Rank of PTY is 9292
Omega Ratio Rank
The Calmar Ratio Rank of PTY is 6161
Calmar Ratio Rank
The Martin Ratio Rank of PTY is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FBAPX vs. PTY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond Fund (FBAPX) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.


Sharpe ratio
The chart of Sharpe ratio for FBAPX, currently valued at 0.86, compared to the broader market-1.000.001.002.003.004.000.861.94
The chart of Sortino ratio for FBAPX, currently valued at 1.30, compared to the broader market0.002.004.006.008.0010.0012.001.302.26
The chart of Omega ratio for FBAPX, currently valued at 1.15, compared to the broader market1.002.003.004.001.151.55
The chart of Calmar ratio for FBAPX, currently valued at 0.69, compared to the broader market0.005.0010.0015.0020.000.691.57
The chart of Martin ratio for FBAPX, currently valued at 2.22, compared to the broader market0.0020.0040.0060.0080.002.226.31
FBAPX
PTY

The current FBAPX Sharpe Ratio is 0.86, which is lower than the PTY Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of FBAPX and PTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00SeptemberOctoberNovemberDecember2025February
0.86
1.94
FBAPX
PTY

Dividends

FBAPX vs. PTY - Dividend Comparison

FBAPX's dividend yield for the trailing twelve months is around 4.76%, less than PTY's 9.69% yield.


TTM20242023202220212020201920182017201620152014
FBAPX
Fidelity Tactical Bond Fund
4.76%4.83%4.45%3.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PTY
PIMCO Corporate & Income Opportunity Fund
9.69%9.93%10.77%13.12%9.16%8.74%8.89%10.63%9.48%11.81%12.67%13.90%

Drawdowns

FBAPX vs. PTY - Drawdown Comparison

The maximum FBAPX drawdown since its inception was -13.71%, smaller than the maximum PTY drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for FBAPX and PTY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%SeptemberOctoberNovemberDecember2025February
-2.73%
0
FBAPX
PTY

Volatility

FBAPX vs. PTY - Volatility Comparison

Fidelity Tactical Bond Fund (FBAPX) has a higher volatility of 1.37% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 0.62%. This indicates that FBAPX's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%SeptemberOctoberNovemberDecember2025February
1.37%
0.62%
FBAPX
PTY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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