FCBFX vs. FZROX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity ZERO Total Market Index Fund (FZROX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FZROX.
Key characteristics
| FCBFX | FZROX | |
|---|---|---|
| YTD Return | -0.80% | 9.27% |
| 1Y Return | 4.01% | 28.56% |
| 3Y Return (Ann) | -2.74% | 8.14% |
| 5Y Return (Ann) | 1.08% | 14.10% |
| Sharpe Ratio | 0.67 | 2.38 |
| Daily Std Dev | 7.09% | 11.94% |
| Max Drawdown | -22.75% | -34.96% |
| Current Drawdown | -11.68% | -0.77% |
Correlation
The correlation between FCBFX and FZROX is 0.05, 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. FZROX - Performance Comparison
In the year-to-date period, FCBFX achieves a -0.80% return, which is significantly lower than FZROX's 9.27% 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. FZROX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FCBFX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Fidelity ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.88%, more than FZROX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.88% | 3.74% | 3.36% | 3.02% | 3.39% | 3.28% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
FZROX Fidelity ZERO Total Market Index Fund | 1.24% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCBFX vs. FZROX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -22.75%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FCBFX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Corporate Bond Fund (FCBFX) is 1.63%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.65%. This indicates that FCBFX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.