FCBAX vs. VLCIX
Compare and contrast key facts about Fidelity Advisor Corporate Bond Fund Class A (FCBAX) and Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX).
FCBAX is managed by Fidelity. It was launched on May 4, 2010. VLCIX is managed by Vanguard. It was launched on Nov 19, 2009.
Performance
FCBAX vs. VLCIX - Performance Comparison
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FCBAX vs. VLCIX - 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% |
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | -1.44% | 7.27% | -1.43% | 11.06% | -25.75% | -1.24% | 13.74% | 23.18% | -6.86% | 12.42% |
Returns By Period
In the year-to-date period, FCBAX achieves a -1.25% return, which is significantly higher than VLCIX's -1.44% return. Both investments have delivered pretty close results over the past 10 years, with FCBAX having a 2.48% annualized return and VLCIX not far ahead at 2.53%.
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%
VLCIX
- 1D
- 1.02%
- 1M
- -3.68%
- YTD
- -1.44%
- 6M
- -1.91%
- 1Y
- 3.21%
- 3Y*
- 3.04%
- 5Y*
- -1.43%
- 10Y*
- 2.53%
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FCBAX vs. VLCIX - Expense Ratio Comparison
FCBAX has a 0.77% expense ratio, which is higher than VLCIX's 0.05% expense ratio.
Return for Risk
FCBAX vs. VLCIX — Risk / Return Rank
FCBAX
VLCIX
FCBAX vs. VLCIX - 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 Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX). 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 | VLCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.42 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.27 | 0.62 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.86 | +0.59 |
Martin ratioReturn relative to average drawdown | 4.62 | 2.01 | +2.61 |
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 | VLCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.42 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.12 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.24 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.43 | +0.20 |
Correlation
The correlation between FCBAX and VLCIX is 0.93, 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. VLCIX - Dividend Comparison
FCBAX's dividend yield for the trailing twelve months is around 3.56%, less than VLCIX's 5.17% 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% |
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 5.17% | 5.50% | 5.60% | 4.67% | 4.43% | 2.95% | 3.17% | 3.83% | 4.58% | 4.03% | 4.39% | 4.73% |
Drawdowns
FCBAX vs. VLCIX - Drawdown Comparison
The maximum FCBAX drawdown since its inception was -23.56%, smaller than the maximum VLCIX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for FCBAX and VLCIX.
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Drawdown Indicators
| FCBAX | VLCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -34.56% | +11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -5.26% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.44% | -34.56% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -34.56% | +11.00% |
Current DrawdownCurrent decline from peak | -4.81% | -16.02% | +11.21% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -7.96% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.25% | -1.21% |
Volatility
FCBAX vs. VLCIX - Volatility Comparison
The current volatility for Fidelity Advisor Corporate Bond Fund Class A (FCBAX) is 1.85%, while Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) has a volatility of 3.46%. This indicates that FCBAX experiences smaller price fluctuations and is considered to be less risky than VLCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBAX | VLCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 3.46% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 5.26% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 8.93% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 11.88% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 10.60% | -4.67% |