Correlation
The correlation between FCBAX and FXNAX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FCBAX vs. FXNAX
Compare and contrast key facts about Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and Fidelity U.S. Bond Index Fund (FXNAX).
FCBAX is managed by Fidelity. It was launched on May 4, 2010. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBAX or FXNAX.
Performance
FCBAX vs. FXNAX - Performance Comparison
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Key characteristics
FCBAX:
0.82
FXNAX:
0.91
FCBAX:
1.05
FXNAX:
1.19
FCBAX:
1.12
FXNAX:
1.14
FCBAX:
0.36
FXNAX:
0.37
FCBAX:
1.91
FXNAX:
1.92
FCBAX:
2.17%
FXNAX:
2.21%
FCBAX:
5.80%
FXNAX:
5.31%
FCBAX:
-22.87%
FXNAX:
-18.64%
FCBAX:
-7.55%
FXNAX:
-7.34%
Returns By Period
In the year-to-date period, FCBAX achieves a 1.56% return, which is significantly lower than FXNAX's 1.78% return. Over the past 10 years, FCBAX has outperformed FXNAX with an annualized return of 2.40%, while FXNAX has yielded a comparatively lower 1.55% annualized return.
FCBAX
1.56%
0.10%
-0.60%
4.76%
2.52%
-0.28%
2.40%
FXNAX
1.78%
-0.48%
0.13%
4.85%
1.43%
-1.05%
1.55%
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FCBAX vs. FXNAX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FCBAX vs. FXNAX — Risk-Adjusted Performance Rank
FCBAX
FXNAX
FCBAX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
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Dividends
FCBAX vs. FXNAX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.43%, more than FXNAX's 3.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.43% | 3.65% | 3.42% | 3.02% | 2.90% | 3.09% | 2.97% | 3.31% | 2.83% | 2.92% | 2.97% | 2.74% |
FXNAX Fidelity U.S. Bond Index Fund | 3.19% | 3.40% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
FCBAX vs. FXNAX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -22.87%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FCBAX and FXNAX.
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Volatility
FCBAX vs. FXNAX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and Fidelity U.S. Bond Index Fund (FXNAX) have volatilities of 1.53% and 1.46%, 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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