FBKWX vs. CELFX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Cliffwater Enhanced Lending Fund (CELFX).
FBKWX is managed by Fidelity. It was launched on Oct 15, 2002. CELFX is managed by Cliffwater. It was launched on Jul 26, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBKWX or CELFX.
Key characteristics
| FBKWX | CELFX | |
|---|---|---|
| YTD Return | 3.60% | 8.18% |
| 1Y Return | 10.23% | 10.72% |
| 3Y Return (Ann) | -1.08% | 11.71% |
| Sharpe Ratio | 1.70 | 3.35 |
| Sortino Ratio | 2.54 | 3.72 |
| Omega Ratio | 1.31 | 4.17 |
| Calmar Ratio | 0.76 | 3.91 |
| Martin Ratio | 6.48 | 13.89 |
| Ulcer Index | 1.47% | 0.78% |
| Daily Std Dev | 5.71% | 3.24% |
| Max Drawdown | -18.08% | -2.77% |
| Current Drawdown | -4.79% | -1.88% |
Correlation
The correlation between FBKWX and CELFX is 0.05, 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.
Performance
FBKWX vs. CELFX - Performance Comparison
In the year-to-date period, FBKWX achieves a 3.60% return, which is significantly lower than CELFX's 8.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBKWX vs. CELFX - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is lower than CELFX's 1.68% expense ratio.
Risk-Adjusted Performance
FBKWX vs. CELFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Cliffwater Enhanced Lending Fund (CELFX). 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
FBKWX vs. CELFX - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.42%, less than CELFX's 8.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.42% | 4.23% | 3.42% | 2.29% | 2.62% | 3.02% | 3.31% | 2.84% | 3.06% | 3.81% | 0.22% |
CELFX Cliffwater Enhanced Lending Fund | 8.29% | 10.67% | 9.42% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBKWX vs. CELFX - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.08%, which is greater than CELFX's maximum drawdown of -2.77%. Use the drawdown chart below to compare losses from any high point for FBKWX and CELFX. For additional features, visit the drawdowns tool.
Volatility
FBKWX vs. CELFX - Volatility Comparison
Fidelity Advisor Total Bond Fund Class Z (FBKWX) has a higher volatility of 1.68% compared to Cliffwater Enhanced Lending Fund (CELFX) at 0.24%. This indicates that FBKWX's price experiences larger fluctuations and is considered to be riskier than CELFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.