FBKWX vs. FTBFX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Total Bond Fund (FTBFX).
FBKWX is managed by Fidelity. It was launched on Oct 15, 2002. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Performance
FBKWX vs. FTBFX - Performance Comparison
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FBKWX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | -0.37% | 7.60% | 2.20% | 6.56% | -13.55% | -0.27% | 9.46% | 9.88% | -0.56% | 4.39% |
FTBFX Fidelity Total Bond Fund | -0.29% | 7.50% | 2.50% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Returns By Period
In the year-to-date period, FBKWX achieves a -0.37% return, which is significantly lower than FTBFX's -0.29% return. Both investments have delivered pretty close results over the past 10 years, with FBKWX having a 2.58% annualized return and FTBFX not far ahead at 2.60%.
FBKWX
- 1D
- 0.10%
- 1M
- -1.75%
- YTD
- -0.37%
- 6M
- 0.39%
- 1Y
- 4.05%
- 3Y*
- 4.16%
- 5Y*
- 0.67%
- 10Y*
- 2.58%
FTBFX
- 1D
- 0.21%
- 1M
- -1.74%
- YTD
- -0.29%
- 6M
- 0.46%
- 1Y
- 4.07%
- 3Y*
- 4.50%
- 5Y*
- 0.82%
- 10Y*
- 2.60%
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FBKWX vs. FTBFX - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Return for Risk
FBKWX vs. FTBFX — Risk / Return Rank
FBKWX
FTBFX
FBKWX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Total Bond Fund (FTBFX). 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.
| FBKWX | FTBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.01 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.44 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.74 | -0.04 |
Martin ratioReturn relative to average drawdown | 5.16 | 5.30 | -0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBKWX | FTBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.01 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.15 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.56 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.93 | -0.38 |
Correlation
The correlation between FBKWX and FTBFX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FBKWX vs. FTBFX - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.10%, more than FTBFX's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.10% | 4.45% | 4.22% | 3.52% | 2.59% | 1.97% | 5.32% | 3.11% | 3.30% | 3.07% | 3.71% | 3.38% |
FTBFX Fidelity Total Bond Fund | 4.01% | 4.36% | 4.51% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Drawdowns
FBKWX vs. FTBFX - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.31%, roughly equal to the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FBKWX and FTBFX.
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Drawdown Indicators
| FBKWX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -18.25% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.81% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | -18.25% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -18.25% | -0.06% |
Current DrawdownCurrent decline from peak | -2.25% | -2.15% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -2.31% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.92% | +0.03% |
Volatility
FBKWX vs. FTBFX - Volatility Comparison
Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Total Bond Fund (FTBFX) have volatilities of 1.50% and 1.48%, 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
| FBKWX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.48% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 2.46% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 4.29% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 5.62% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.70% | +0.04% |