FBNDX vs. FTKFX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond K6 Fund (FTKFX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. FTKFX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNDX or FTKFX.
Key characteristics
| FBNDX | FTKFX | |
|---|---|---|
| YTD Return | 2.80% | 2.65% |
| 1Y Return | 8.84% | 8.72% |
| 3Y Return (Ann) | -2.06% | -1.71% |
| 5Y Return (Ann) | 0.20% | 0.35% |
| Sharpe Ratio | 1.59 | 1.59 |
| Sortino Ratio | 2.39 | 2.44 |
| Omega Ratio | 1.29 | 1.29 |
| Calmar Ratio | 0.56 | 0.62 |
| Martin Ratio | 5.66 | 6.17 |
| Ulcer Index | 1.64% | 1.48% |
| Daily Std Dev | 5.91% | 5.75% |
| Max Drawdown | -20.16% | -18.64% |
| Current Drawdown | -8.93% | -6.85% |
Correlation
The correlation between FBNDX and FTKFX 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.
Performance
FBNDX vs. FTKFX - Performance Comparison
In the year-to-date period, FBNDX achieves a 2.80% return, which is significantly higher than FTKFX's 2.65% 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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FBNDX vs. FTKFX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than FTKFX's 0.30% expense ratio.
Risk-Adjusted Performance
FBNDX vs. FTKFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond K6 Fund (FTKFX). 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
FBNDX vs. FTKFX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.89%, less than FTKFX's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.89% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
FTKFX Fidelity Total Bond K6 Fund | 4.64% | 4.24% | 3.33% | 2.27% | 2.53% | 3.07% | 2.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBNDX vs. FTKFX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -20.16%, which is greater than FTKFX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FBNDX and FTKFX. For additional features, visit the drawdowns tool.
Volatility
FBNDX vs. FTKFX - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond Fund (FBNDX) is 1.34%, while Fidelity Total Bond K6 Fund (FTKFX) has a volatility of 1.44%. This indicates that FBNDX experiences smaller price fluctuations and is considered to be less risky than FTKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.