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.
Performance
FCBAX vs. FXNAX - Performance Comparison
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FCBAX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -0.97% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Returns By Period
In the year-to-date period, FCBAX achieves a -0.97% return, which is significantly lower than FXNAX's -0.26% return. Over the past 10 years, FCBAX has outperformed FXNAX with an annualized return of 2.51%, while FXNAX has yielded a comparatively lower 1.54% annualized return.
FCBAX
- 1D
- 0.28%
- 1M
- -1.94%
- YTD
- -0.97%
- 6M
- -0.45%
- 1Y
- 3.77%
- 3Y*
- 4.38%
- 5Y*
- -0.02%
- 10Y*
- 2.51%
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
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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.
Return for Risk
FCBAX vs. FXNAX — Risk / Return Rank
FCBAX
FXNAX
FCBAX vs. FXNAX - Risk-Adjusted Trends 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.
| FCBAX | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.93 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.33 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.66 | -0.27 |
Martin ratioReturn relative to average drawdown | 4.38 | 4.68 | -0.30 |
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
| FCBAX | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.93 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.02 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.31 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.45 | +0.18 |
Correlation
The correlation between FCBAX and FXNAX is 0.94, 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
FCBAX vs. FXNAX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.55%, more than FXNAX's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.55% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
FCBAX vs. FXNAX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FCBAX and FXNAX.
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Drawdown Indicators
| FCBAX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -19.51% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.71% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -18.54% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -19.51% | -4.05% |
Current DrawdownCurrent decline from peak | -4.54% | -3.53% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -3.87% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.96% | +0.09% |
Volatility
FCBAX vs. FXNAX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a higher volatility of 1.84% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.55%. This indicates that FCBAX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBAX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.55% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.58% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 4.35% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 6.04% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 4.99% | +0.94% |