FCBFX vs. FXNAX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity U.S. Bond Index Fund (FXNAX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FXNAX.
Performance
FCBFX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, FCBFX achieves a 3.14% return, which is significantly higher than FXNAX's 1.52% return. Over the past 10 years, FCBFX has outperformed FXNAX with an annualized return of 2.47%, while FXNAX has yielded a comparatively lower 1.28% annualized return.
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
FXNAX
1.52%
-1.63%
2.81%
6.28%
-0.53%
1.28%
Key characteristics
| FCBFX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 1.44 | 1.06 |
| Sortino Ratio | 2.14 | 1.59 |
| Omega Ratio | 1.26 | 1.19 |
| Calmar Ratio | 0.54 | 0.39 |
| Martin Ratio | 5.62 | 3.44 |
| Ulcer Index | 1.57% | 1.77% |
| Daily Std Dev | 6.12% | 5.70% |
| Max Drawdown | -23.12% | -19.64% |
| Current Drawdown | -8.60% | -10.17% |
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FCBFX vs. FXNAX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Correlation
The correlation between FCBFX and FXNAX 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. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.92%, more than FXNAX's 3.33% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.33% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FCBFX vs. FXNAX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -23.12%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FCBFX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FXNAX - Volatility Comparison
Fidelity Corporate Bond Fund (FCBFX) has a higher volatility of 1.92% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.56%. This indicates that FCBFX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.