FCBTX vs. PRPIX
Compare and contrast key facts about Fidelity Advisor Corporate Bond Fund Class M (FCBTX) and T. Rowe Price Corporate Income Fund (PRPIX).
FCBTX is managed by Fidelity. It was launched on May 4, 2010. PRPIX is managed by T. Rowe Price. It was launched on Oct 31, 1995.
Performance
FCBTX vs. PRPIX - Performance Comparison
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FCBTX vs. PRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBTX Fidelity Advisor Corporate Bond Fund Class M | -1.26% | 7.48% | 2.16% | 8.07% | -17.35% | -1.88% | 10.41% | 14.02% | -2.98% | 6.37% |
PRPIX T. Rowe Price Corporate Income Fund | -0.95% | 11.87% | 3.20% | 8.81% | -17.71% | -0.76% | 7.87% | 15.77% | -3.05% | 6.58% |
Returns By Period
In the year-to-date period, FCBTX achieves a -1.26% return, which is significantly lower than PRPIX's -0.95% return. Over the past 10 years, FCBTX has underperformed PRPIX with an annualized return of 2.42%, while PRPIX has yielded a comparatively higher 2.89% annualized return.
FCBTX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.26%
- 6M
- -0.56%
- 1Y
- 3.65%
- 3Y*
- 4.24%
- 5Y*
- 0.00%
- 10Y*
- 2.42%
PRPIX
- 1D
- 0.50%
- 1M
- -2.80%
- YTD
- -0.95%
- 6M
- 1.06%
- 1Y
- 8.14%
- 3Y*
- 6.22%
- 5Y*
- 1.16%
- 10Y*
- 2.89%
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FCBTX vs. PRPIX - Expense Ratio Comparison
FCBTX has a 0.81% expense ratio, which is higher than PRPIX's 0.56% expense ratio.
Return for Risk
FCBTX vs. PRPIX — Risk / Return Rank
FCBTX
PRPIX
FCBTX vs. PRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class M (FCBTX) and T. Rowe Price Corporate Income Fund (PRPIX). 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.
| FCBTX | PRPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.83 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.64 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.54 | -1.09 |
Martin ratioReturn relative to average drawdown | 4.61 | 9.06 | -4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCBTX | PRPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.83 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.18 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.48 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.87 | -0.25 |
Correlation
The correlation between FCBTX and PRPIX is 0.95, 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
FCBTX vs. PRPIX - Dividend Comparison
FCBTX's dividend yield for the trailing twelve months is around 3.53%, less than PRPIX's 8.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBTX Fidelity Advisor Corporate Bond Fund Class M | 3.53% | 3.76% | 3.30% | 3.10% | 2.23% | 2.53% | 3.04% | 2.89% | 3.21% | 2.74% | 3.09% | 2.62% |
PRPIX T. Rowe Price Corporate Income Fund | 8.71% | 8.26% | 5.18% | 4.13% | 2.42% | 5.61% | 3.82% | 5.47% | 3.47% | 3.95% | 3.20% | 4.23% |
Drawdowns
FCBTX vs. PRPIX - Drawdown Comparison
The maximum FCBTX drawdown since its inception was -23.60%, roughly equal to the maximum PRPIX drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for FCBTX and PRPIX.
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Drawdown Indicators
| FCBTX | PRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.60% | -24.24% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.59% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | -24.24% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -23.60% | -24.24% | +0.64% |
Current DrawdownCurrent decline from peak | -4.98% | -2.80% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -3.21% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.01% | +0.03% |
Volatility
FCBTX vs. PRPIX - Volatility Comparison
Fidelity Advisor Corporate Bond Fund Class M (FCBTX) has a higher volatility of 1.91% compared to T. Rowe Price Corporate Income Fund (PRPIX) at 1.72%. This indicates that FCBTX's price experiences larger fluctuations and is considered to be riskier than PRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBTX | PRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.72% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.92% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 4.78% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 6.57% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 6.01% | -0.07% |