FBNAX vs. FBNDX
Compare and contrast key facts about Fidelity Advisor Short-Term Bond Fund Class A (FBNAX) and Fidelity Investment Grade Bond Fund (FBNDX).
FBNAX is managed by Fidelity. It was launched on Jul 12, 2016. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNAX or FBNDX.
Key characteristics
| FBNAX | FBNDX | |
|---|---|---|
| YTD Return | 1.13% | -0.88% |
| 1Y Return | 4.27% | 2.74% |
| 3Y Return (Ann) | 0.39% | -2.48% |
| 5Y Return (Ann) | 1.33% | 0.87% |
| Sharpe Ratio | 2.02 | 0.46 |
| Daily Std Dev | 2.17% | 6.57% |
| Max Drawdown | -6.31% | -18.20% |
| Current Drawdown | -0.12% | -10.03% |
Correlation
The correlation between FBNAX and FBNDX is 0.66, 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
FBNAX vs. FBNDX - Performance Comparison
In the year-to-date period, FBNAX achieves a 1.13% return, which is significantly higher than FBNDX's -0.88% 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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FBNAX vs. FBNDX - Expense Ratio Comparison
FBNAX has a 0.65% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FBNAX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Short-Term Bond Fund Class A (FBNAX) and Fidelity Investment Grade Bond Fund (FBNDX). 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
FBNAX vs. FBNDX - Dividend Comparison
FBNAX's dividend yield for the trailing twelve months is around 3.32%, less than FBNDX's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNAX Fidelity Advisor Short-Term Bond Fund Class A | 3.32% | 2.80% | 0.88% | 1.03% | 2.53% | 1.93% | 1.57% | 1.07% | 0.45% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.81% | 3.56% | 2.66% | 1.59% | 4.80% | 2.75% | 2.85% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
FBNAX vs. FBNDX - Drawdown Comparison
The maximum FBNAX drawdown since its inception was -6.31%, smaller than the maximum FBNDX drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for FBNAX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FBNAX vs. FBNDX - Volatility Comparison
The current volatility for Fidelity Advisor Short-Term Bond Fund Class A (FBNAX) is 0.51%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.22%. This indicates that FBNAX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.