FCBFX vs. SMARX
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Brandes Separately Managed Account Reserve Trust (SMARX).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. SMARX is managed by BlackRock. It was launched on Oct 3, 2005.
Performance
FCBFX vs. SMARX - Performance Comparison
Loading graphics...
FCBFX vs. SMARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | -0.92% | 7.86% | 2.82% | 8.82% | -17.11% | -1.59% | 10.59% | 14.48% | -2.56% | 6.83% |
SMARX Brandes Separately Managed Account Reserve Trust | -0.18% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
Returns By Period
In the year-to-date period, FCBFX achieves a -0.92% return, which is significantly lower than SMARX's -0.18% return. Over the past 10 years, FCBFX has underperformed SMARX with an annualized return of 2.87%, while SMARX has yielded a comparatively higher 3.35% annualized return.
FCBFX
- 1D
- 0.28%
- 1M
- -1.94%
- YTD
- -0.92%
- 6M
- -0.32%
- 1Y
- 4.08%
- 3Y*
- 4.92%
- 5Y*
- 0.40%
- 10Y*
- 2.87%
SMARX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.18%
- 6M
- 0.37%
- 1Y
- 3.86%
- 3Y*
- 5.23%
- 5Y*
- 1.94%
- 10Y*
- 3.35%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCBFX vs. SMARX - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is higher than SMARX's 0.00% expense ratio.
Return for Risk
FCBFX vs. SMARX — Risk / Return Rank
FCBFX
SMARX
FCBFX vs. SMARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Brandes Separately Managed Account Reserve Trust (SMARX). 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.
| FCBFX | SMARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.04 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.48 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.79 | -0.29 |
Martin ratioReturn relative to average drawdown | 4.74 | 5.69 | -0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FCBFX | SMARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.04 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.38 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.77 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.41 | +0.29 |
Correlation
The correlation between FCBFX and SMARX is 0.78, 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.
Dividends
FCBFX vs. SMARX - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.84%, less than SMARX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.84% | 4.11% | 3.95% | 3.74% | 2.53% | 2.82% | 3.19% | 3.28% | 3.65% | 3.16% | 3.55% | 3.01% |
SMARX Brandes Separately Managed Account Reserve Trust | 4.70% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
Drawdowns
FCBFX vs. SMARX - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -23.23%, smaller than the maximum SMARX drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for FCBFX and SMARX.
Loading graphics...
Drawdown Indicators
| FCBFX | SMARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -47.07% | +23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.63% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.21% | -16.20% | -7.01% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | -16.20% | -7.03% |
Current DrawdownCurrent decline from peak | -2.48% | -1.86% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -7.02% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.83% | +0.21% |
Volatility
FCBFX vs. SMARX - Volatility Comparison
Fidelity Corporate Bond Fund (FCBFX) has a higher volatility of 1.84% compared to Brandes Separately Managed Account Reserve Trust (SMARX) at 1.66%. This indicates that FCBFX's price experiences larger fluctuations and is considered to be riskier than SMARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FCBFX | SMARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.66% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.55% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 4.03% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 5.12% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 4.37% | +1.57% |