FCBFX vs. EOT
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Eaton Vance National Municipal Opportunities Trust (EOT).
FCBFX is managed by Fidelity. It was launched on May 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or EOT.
Key characteristics
| FCBFX | EOT | |
|---|---|---|
| YTD Return | 0.16% | -0.34% |
| 1Y Return | 5.74% | -1.98% |
| 3Y Return (Ann) | -2.42% | -5.50% |
| 5Y Return (Ann) | 1.29% | -1.76% |
| 10Y Return (Ann) | 2.42% | 2.81% |
| Sharpe Ratio | 0.89 | -0.06 |
| Daily Std Dev | 7.10% | 11.28% |
| Max Drawdown | -22.75% | -33.25% |
| Current Drawdown | -10.82% | -23.14% |
Correlation
The correlation between FCBFX and EOT is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FCBFX vs. EOT - Performance Comparison
In the year-to-date period, FCBFX achieves a 0.16% return, which is significantly higher than EOT's -0.34% return. Over the past 10 years, FCBFX has underperformed EOT with an annualized return of 2.42%, while EOT has yielded a comparatively higher 2.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FCBFX vs. EOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Eaton Vance National Municipal Opportunities Trust (EOT). 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.
Dividends
FCBFX vs. EOT - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.85%, less than EOT's 4.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.85% | 3.74% | 3.36% | 3.02% | 3.39% | 3.28% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
EOT Eaton Vance National Municipal Opportunities Trust | 4.52% | 4.43% | 4.56% | 3.44% | 3.80% | 4.73% | 6.13% | 5.12% | 5.95% | 4.83% | 4.90% | 5.63% |
Drawdowns
FCBFX vs. EOT - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -22.75%, smaller than the maximum EOT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for FCBFX and EOT. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. EOT - Volatility Comparison
The current volatility for Fidelity Corporate Bond Fund (FCBFX) is 1.44%, while Eaton Vance National Municipal Opportunities Trust (EOT) has a volatility of 1.85%. This indicates that FCBFX experiences smaller price fluctuations and is considered to be less risky than EOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.