FBIIX vs. GBOSX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity International Bond Index Fund (FBIIX) and JPMorgan Global Bond Opportunities Fund (GBOSX).

FBIIX is managed by Fidelity. It was launched on Oct 10, 2019. GBOSX is managed by JPMorgan. It was launched on Sep 3, 2012.

Performance

FBIIX vs. GBOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Bond Index Fund (FBIIX) and JPMorgan Global Bond Opportunities Fund (GBOSX). The values are adjusted to include any dividend payments, if applicable.

FBIIX vs. GBOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FBIIX Fidelity International Bond Index Fund	-0.22%	2.66%	4.64%	7.48%	-10.84%	-1.84%	4.43%	-1.13%
GBOSX JPMorgan Global Bond Opportunities Fund	-1.68%	7.90%	3.53%	6.96%	-6.04%	1.37%	7.77%	0.85%

Returns By Period

In the year-to-date period, FBIIX achieves a -0.22% return, which is significantly higher than GBOSX's -1.68% return.

FBIIX

• 1D: 0.33%
• 1M: -1.82%
• YTD: -0.22%
• 6M: 0.24%
• 1Y: 2.55%
• 3Y*: 3.94%
• 5Y*: 0.52%
• 10Y*: —

GBOSX

• 1D: 0.52%
• 1M: -3.01%
• YTD: -1.68%
• 6M: -0.69%
• 1Y: 4.91%
• 3Y*: 4.74%
• 5Y*: 2.31%
• 10Y*: 3.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBIIX vs. GBOSX - Expense Ratio Comparison

FBIIX has a 0.06% expense ratio, which is lower than GBOSX's 0.65% expense ratio.

GBOSX

JPMorgan Global Bond Opportunities Fund

FBIIX

Fidelity International Bond Index Fund

Return for Risk

FBIIX vs. GBOSX — Risk / Return Rank

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

FBIIX

FBIIX Risk / Return Rank: 41
FBIIX Sharpe Ratio Rank: 49
FBIIX Sortino Ratio Rank: 44
FBIIX Omega Ratio Rank: 38
FBIIX Calmar Ratio Rank: 35
FBIIX Martin Ratio Rank: 39

GBOSX

GBOSX Risk / Return Rank: 67
GBOSX Sharpe Ratio Rank: 78
GBOSX Sortino Ratio Rank: 77
GBOSX Omega Ratio Rank: 74
GBOSX Calmar Ratio Rank: 48
GBOSX Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBIIX vs. GBOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Bond Index Fund (FBIIX) and JPMorgan Global Bond Opportunities Fund (GBOSX). 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.

	FBIIX	GBOSX	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.47	-0.49
Sortino ratio Return per unit of downside risk	1.36	2.02	-0.66
Omega ratio Gain probability vs. loss probability	1.18	1.30	-0.11
Calmar ratio Return relative to maximum drawdown	1.00	1.32	-0.32
Martin ratio Return relative to average drawdown	4.23	6.14	-1.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBIIX vs. GBOSX - Sharpe Ratio Comparison

The current FBIIX Sharpe Ratio is 0.99, which is lower than the GBOSX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FBIIX and GBOSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FBIIX	GBOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.47	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.65	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	1.11	-0.92

Correlation

The correlation between FBIIX and GBOSX is 0.50, 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.

Dividends

FBIIX vs. GBOSX - Dividend Comparison

FBIIX's dividend yield for the trailing twelve months is around 4.10%, less than GBOSX's 4.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBIIX Fidelity International Bond Index Fund	4.10%	4.09%	3.44%	2.85%	1.02%	0.62%	0.74%	0.17%	0.00%	0.00%	0.00%	0.00%
GBOSX JPMorgan Global Bond Opportunities Fund	4.90%	4.79%	4.41%	3.92%	3.68%	2.61%	3.29%	4.06%	5.74%	3.32%	4.80%	5.12%

Drawdowns

FBIIX vs. GBOSX - Drawdown Comparison

The maximum FBIIX drawdown since its inception was -13.79%, which is greater than GBOSX's maximum drawdown of -11.48%. Use the drawdown chart below to compare losses from any high point for FBIIX and GBOSX.

Drawdown Indicators

	FBIIX	GBOSX	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-11.48%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-3.90%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.74%	-10.86%	-2.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-11.48%	—
Current Drawdown Current decline from peak	-2.14%	-3.40%	+1.26%
Average Drawdown Average peak-to-trough decline	-4.18%	-1.51%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.84%	-0.19%

Volatility

FBIIX vs. GBOSX - Volatility Comparison

The current volatility for Fidelity International Bond Index Fund (FBIIX) is 1.46%, while JPMorgan Global Bond Opportunities Fund (GBOSX) has a volatility of 2.17%. This indicates that FBIIX experiences smaller price fluctuations and is considered to be less risky than GBOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBIIX	GBOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	2.17%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	2.63%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	2.71%	3.58%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	3.59%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.39%	3.42%	-0.03%