FCBFX vs. FSAHX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity Short Duration High Income Fund (FSAHX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FSAHX is managed by Fidelity. It was launched on Nov 5, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FSAHX.
Key characteristics
| FCBFX | FSAHX | |
|---|---|---|
| YTD Return | 0.16% | 2.83% |
| 1Y Return | 5.74% | 10.22% |
| 3Y Return (Ann) | -2.42% | 2.58% |
| 5Y Return (Ann) | 1.29% | 3.31% |
| 10Y Return (Ann) | 2.42% | 3.02% |
| Sharpe Ratio | 0.89 | 3.26 |
| Daily Std Dev | 7.10% | 3.17% |
| Max Drawdown | -22.75% | -16.77% |
| Current Drawdown | -10.82% | 0.00% |
Correlation
The correlation between FCBFX and FSAHX is 0.32, 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. FSAHX - Performance Comparison
In the year-to-date period, FCBFX achieves a 0.16% return, which is significantly lower than FSAHX's 2.83% return. Over the past 10 years, FCBFX has underperformed FSAHX with an annualized return of 2.42%, while FSAHX has yielded a comparatively higher 3.02% 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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FCBFX vs. FSAHX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is lower than FSAHX's 0.75% expense ratio.
Risk-Adjusted Performance
FCBFX vs. FSAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Fidelity Short Duration High Income Fund (FSAHX). 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. FSAHX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.85%, less than FSAHX's 6.17% 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% |
FSAHX Fidelity Short Duration High Income Fund | 6.17% | 5.97% | 4.35% | 3.39% | 3.47% | 4.22% | 4.50% | 4.11% | 4.31% | 4.41% | 3.61% | 0.00% |
Drawdowns
FCBFX vs. FSAHX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -22.75%, which is greater than FSAHX's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for FCBFX and FSAHX. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FSAHX - Volatility Comparison
Fidelity Corporate Bond Fund (FCBFX) has a higher volatility of 1.44% compared to Fidelity Short Duration High Income Fund (FSAHX) at 0.69%. This indicates that FCBFX's price experiences larger fluctuations and is considered to be riskier than FSAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.