FCBIX vs. VICSX
FCBIX (Fidelity Advisor Corporate Bond Fund Class I) and VICSX (Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, FCBIX returned 2.24%/yr vs 2.66%/yr for VICSX. Their correlation of 0.93 means they have usually moved in the same direction. FCBIX charges 0.50%/yr vs 0.06%/yr for VICSX.
Performance
FCBIX vs. VICSX - Performance Comparison
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Returns By Period
In the year-to-date period, FCBIX achieves a -1.01% return, which is significantly lower than VICSX's -0.51% return. Over the past 10 years, FCBIX has underperformed VICSX with an annualized return of 2.24%, while VICSX has yielded a comparatively higher 2.66% annualized return.
FCBIX
- 1D
- 0.19%
- 1M
- -1.69%
- 6M
- -1.26%
- YTD
- -1.01%
- 1Y
- 1.58%
- 3Y*
- 4.45%
- 5Y*
- -0.63%
- 10Y*
- 2.24%
- ALL TIME*
- 3.70%
VICSX
- 1D
- 0.14%
- 1M
- -1.04%
- 6M
- -0.68%
- YTD
- -0.51%
- 1Y
- 2.40%
- 3Y*
- 5.76%
- 5Y*
- 0.73%
- 10Y*
- 2.66%
- ALL TIME*
- 4.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCBIX vs. VICSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBIX Fidelity Advisor Corporate Bond Fund Class I | -1.01% | 7.80% | 2.45% | 8.40% | -17.14% | -1.64% | 10.75% | 14.43% | -2.61% | 6.78% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | -0.51% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -1.73% | 5.47% |
Correlation
The correlation between FCBIX and VICSX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | 0.93 |
The correlation between FCBIX and VICSX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
FCBIX vs. VICSX — Risk / Return Rank
FCBIX
VICSX
FCBIX vs. VICSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class I (FCBIX) and Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCBIX | VICSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.09 | -0.30 |
| Martin ratioReturn relative to average drawdown | 2.18 | 3.04 | -0.86 |
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Drawdowns
FCBIX vs. VICSX - Drawdown Comparison
The maximum FCBIX drawdown since its inception was -23.28%, which is greater than VICSX's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for FCBIX and VICSX.
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Drawdown Indicators
| FCBIX | VICSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -20.53% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.98% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.62% | -5.22% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -20.53% | -2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -23.28% | -20.53% | -2.75% |
Current DrawdownCurrent decline from peak | -3.40% | -2.02% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -3.14% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.07% | +0.12% |
Volatility
FCBIX vs. VICSX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class I (FCBIX) has a higher volatility of 1.09% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) at 1.03%. This indicates that FCBIX's price experiences larger fluctuations and is considered to be riskier than VICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBIX | VICSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.03% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.11% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 3.90% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 6.17% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 5.34% | +0.62% |
FCBIX vs. VICSX - Expense Ratio Comparison
FCBIX has a 0.50% expense ratio, which is higher than VICSX's 0.06% expense ratio.
Dividends
FCBIX vs. VICSX - Dividend Comparison
FCBIX's dividend yield for the trailing twelve months is around 3.94%, less than VICSX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBIX Fidelity Advisor Corporate Bond Fund Class I | 3.94% | 4.06% | 3.59% | 3.39% | 2.50% | 2.78% | 3.34% | 3.24% | 3.60% | 3.12% | 3.50% | 2.96% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.42% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
Frequently Asked Questions
With a correlation of 0.94, FCBIX and VICSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCBIX has higher volatility (1.09%) compared to VICSX (1.03%). In terms of maximum drawdown, FCBIX dropped -23.28% vs VICSX's -20.53%.
VICSX currently has the higher Sharpe Ratio (0.84 vs 0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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