FCBAX vs. LKFIX
Compare and contrast key facts about Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and LKCM Fixed Income Fund (LKFIX).
FCBAX is managed by Fidelity. It was launched on May 4, 2010. LKFIX is managed by LKCM. It was launched on Dec 30, 1997.
Performance
FCBAX vs. LKFIX - Performance Comparison
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FCBAX vs. LKFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.25% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
LKFIX LKCM Fixed Income Fund | -0.38% | 6.66% | 3.06% | 4.98% | -5.63% | -1.54% | 4.29% | 6.71% | 0.26% | 2.15% |
Returns By Period
In the year-to-date period, FCBAX achieves a -1.25% return, which is significantly lower than LKFIX's -0.38% return. Over the past 10 years, FCBAX has outperformed LKFIX with an annualized return of 2.48%, while LKFIX has yielded a comparatively lower 2.12% annualized return.
FCBAX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.25%
- 6M
- -0.55%
- 1Y
- 3.77%
- 3Y*
- 4.28%
- 5Y*
- 0.03%
- 10Y*
- 2.48%
LKFIX
- 1D
- 0.37%
- 1M
- -1.40%
- YTD
- -0.38%
- 6M
- 0.74%
- 1Y
- 4.24%
- 3Y*
- 4.24%
- 5Y*
- 1.60%
- 10Y*
- 2.12%
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FCBAX vs. LKFIX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than LKFIX's 0.50% expense ratio.
Return for Risk
FCBAX vs. LKFIX — Risk / Return Rank
FCBAX
LKFIX
FCBAX vs. LKFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and LKCM Fixed Income Fund (LKFIX). 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 | LKFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.51 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.27 | 2.19 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.57 | -1.12 |
Martin ratioReturn relative to average drawdown | 4.62 | 10.06 | -5.44 |
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 | LKFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.51 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.55 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.81 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.25 | -0.62 |
Correlation
The correlation between FCBAX and LKFIX is 0.79, 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. LKFIX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.56%, less than LKFIX's 3.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.56% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
LKFIX LKCM Fixed Income Fund | 3.71% | 3.57% | 3.03% | 2.28% | 1.57% | 1.36% | 1.74% | 2.27% | 2.26% | 2.04% | 2.18% | 2.78% |
Drawdowns
FCBAX vs. LKFIX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, which is greater than LKFIX's maximum drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for FCBAX and LKFIX.
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Drawdown Indicators
| FCBAX | LKFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -8.97% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -1.76% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -8.60% | -14.84% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -8.97% | -14.59% |
Current DrawdownCurrent decline from peak | -4.81% | -1.40% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -1.12% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.45% | +0.59% |
Volatility
FCBAX vs. LKFIX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a higher volatility of 1.85% compared to LKCM Fixed Income Fund (LKFIX) at 1.10%. This indicates that FCBAX's price experiences larger fluctuations and is considered to be riskier than LKFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBAX | LKFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.10% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 1.66% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 2.82% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 2.94% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 2.62% | +3.31% |