FCBAX vs. VICBX
FCBAX (Fidelity Advisor Corporate Bond Fund Class A) and VICBX (Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares) are both Corporate Bonds funds. Over the past 10 years, FCBAX returned 2.33%/yr vs 3.11%/yr for VICBX. Their correlation of 0.94 suggests significant overlap in exposure. FCBAX charges 0.77%/yr vs 0.05%/yr for VICBX.
Performance
FCBAX vs. VICBX - Performance Comparison
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Returns By Period
In the year-to-date period, FCBAX achieves a 0.04% return, which is significantly lower than VICBX's 0.17% return. Over the past 10 years, FCBAX has underperformed VICBX with an annualized return of 2.33%, while VICBX has yielded a comparatively higher 3.11% annualized return.
FCBAX
- 1D
- -0.28%
- 1M
- 0.53%
- YTD
- 0.04%
- 6M
- 0.46%
- 1Y
- 4.46%
- 3Y*
- 4.87%
- 5Y*
- -0.25%
- 10Y*
- 2.33%
VICBX
- 1D
- -0.25%
- 1M
- 0.45%
- YTD
- 0.17%
- 6M
- 0.35%
- 1Y
- 5.08%
- 3Y*
- 6.20%
- 5Y*
- 1.20%
- 10Y*
- 3.11%
FCBAX vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 0.04% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 0.17% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
Correlation
The correlation between FCBAX and VICBX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | 0.94 |
The correlation between FCBAX and VICBX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FCBAX vs. VICBX — Risk / Return Rank
FCBAX
VICBX
FCBAX vs. VICBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCBAX | VICBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.84 | -0.42 |
| Martin ratioReturn relative to average drawdown | 4.33 | 5.82 | -1.49 |
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Drawdowns
FCBAX vs. VICBX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, which is greater than VICBX's maximum drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for FCBAX and VICBX.
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Drawdown Indicators
| FCBAX | VICBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -20.55% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.95% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -6.65% | -5.98% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -20.55% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -20.55% | -3.01% |
Current DrawdownCurrent decline from peak | -3.56% | -1.35% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -3.13% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.93% | +0.15% |
Volatility
FCBAX vs. VICBX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a higher volatility of 1.24% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) at 1.17%. This indicates that FCBAX's price experiences larger fluctuations and is considered to be riskier than VICBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBAX | VICBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.17% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.98% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 3.89% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 6.17% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 5.35% | +0.60% |
FCBAX vs. VICBX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than VICBX's 0.05% expense ratio.
Dividends
FCBAX vs. VICBX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.93%, less than VICBX's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.93% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 4.80% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
Frequently Asked Questions
With a correlation of 0.95, FCBAX and VICBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCBAX has higher volatility (1.24%) compared to VICBX (1.17%). In terms of maximum drawdown, FCBAX dropped -23.56% vs VICBX's -20.55%.
VICBX currently has the higher Sharpe Ratio (1.39 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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