FCBFX vs. FTBFX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity Total Bond Fund (FTBFX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FTBFX.
Performance
FCBFX vs. FTBFX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FCBFX having a 3.14% return and FTBFX slightly lower at 3.02%. Over the past 10 years, FCBFX has outperformed FTBFX with an annualized return of 2.47%, while FTBFX has yielded a comparatively lower 1.99% annualized return.
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
FTBFX
3.02%
-1.81%
3.19%
8.29%
0.53%
1.99%
Key characteristics
| FCBFX | FTBFX | |
|---|---|---|
| Sharpe Ratio | 1.44 | 1.40 |
| Sortino Ratio | 2.14 | 2.11 |
| Omega Ratio | 1.26 | 1.26 |
| Calmar Ratio | 0.54 | 0.61 |
| Martin Ratio | 5.62 | 5.41 |
| Ulcer Index | 1.57% | 1.45% |
| Daily Std Dev | 6.12% | 5.54% |
| Max Drawdown | -23.12% | -18.19% |
| Current Drawdown | -8.60% | -5.67% |
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FCBFX vs. FTBFX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Correlation
The correlation between FCBFX and FTBFX is 0.94, 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.
Risk-Adjusted Performance
FCBFX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Fidelity Total Bond Fund (FTBFX). 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. FTBFX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.92%, less than FTBFX's 4.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.92% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
FTBFX Fidelity Total Bond Fund | 4.63% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
FCBFX vs. FTBFX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -23.12%, which is greater than FTBFX's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for FCBFX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FTBFX - Volatility Comparison
Fidelity Corporate Bond Fund (FCBFX) has a higher volatility of 1.92% compared to Fidelity Total Bond Fund (FTBFX) at 1.47%. This indicates that FCBFX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.