FCBTX vs. SCCPX
FCBTX (Fidelity Advisor Corporate Bond Fund Class M) and SCCPX (Sterling Capital Long Duration Corporate Bond Fund) are both Corporate Bonds funds. Over the past 10 years, FCBTX returned 2.33%/yr vs 22.14%/yr for SCCPX. Their correlation of 0.88 suggests significant overlap in exposure. FCBTX charges 0.81%/yr vs 0.45%/yr for SCCPX.
Performance
FCBTX vs. SCCPX - Performance Comparison
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Returns By Period
In the year-to-date period, FCBTX achieves a 0.60% return, which is significantly lower than SCCPX's 1.57% return. Over the past 10 years, FCBTX has underperformed SCCPX with an annualized return of 2.33%, while SCCPX has yielded a comparatively higher 22.14% annualized return.
FCBTX
- 1D
- 0.47%
- 1M
- 0.82%
- YTD
- 0.60%
- 6M
- 0.74%
- 1Y
- 4.63%
- 3Y*
- 5.03%
- 5Y*
- -0.14%
- 10Y*
- 2.33%
SCCPX
- 1D
- 0.89%
- 1M
- 1.94%
- YTD
- 1.57%
- 6M
- 1.41%
- 1Y
- 5.96%
- 3Y*
- 3.82%
- 5Y*
- -2.36%
- 10Y*
- 22.14%
FCBTX vs. SCCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBTX Fidelity Advisor Corporate Bond Fund Class M | 0.60% | 7.48% | 2.16% | 8.07% | -17.35% | -1.88% | 10.41% | 14.02% | -2.98% | 6.37% |
SCCPX Sterling Capital Long Duration Corporate Bond Fund | 1.57% | 6.37% | -1.68% | 9.20% | -23.65% | -0.01% | 625.95% | 10.78% | -0.95% | 4.22% |
Correlation
The correlation between FCBTX and SCCPX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.88 |
The correlation between FCBTX and SCCPX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
FCBTX vs. SCCPX — Risk / Return Rank
FCBTX
SCCPX
FCBTX vs. SCCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class M (FCBTX) and Sterling Capital Long Duration Corporate Bond Fund (SCCPX). 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.
| FCBTX | SCCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.09 | +0.31 |
| Martin ratioReturn relative to average drawdown | 4.29 | 2.71 | +1.58 |
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Drawdowns
FCBTX vs. SCCPX - Drawdown Comparison
The maximum FCBTX drawdown since its inception was -23.60%, smaller than the maximum SCCPX drawdown of -31.88%. Use the drawdown chart below to compare losses from any high point for FCBTX and SCCPX.
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Drawdown Indicators
| FCBTX | SCCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.60% | -31.88% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -5.49% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.66% | -12.96% | +6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | -31.88% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -23.60% | -31.88% | +8.28% |
Current DrawdownCurrent decline from peak | -3.19% | -12.49% | +9.30% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -6.42% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.20% | -1.12% |
Volatility
FCBTX vs. SCCPX - Volatility Comparison
The current volatility for Fidelity Advisor Corporate Bond Fund Class M (FCBTX) is 1.24%, while Sterling Capital Long Duration Corporate Bond Fund (SCCPX) has a volatility of 2.08%. This indicates that FCBTX experiences smaller price fluctuations and is considered to be less risky than SCCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBTX | SCCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 2.08% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 5.62% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 7.62% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 11.23% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 182.25% | -176.29% |
FCBTX vs. SCCPX - Expense Ratio Comparison
FCBTX has a 0.81% expense ratio, which is higher than SCCPX's 0.45% expense ratio.
Dividends
FCBTX vs. SCCPX - Dividend Comparison
FCBTX's dividend yield for the trailing twelve months is around 3.88%, less than SCCPX's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBTX Fidelity Advisor Corporate Bond Fund Class M | 3.88% | 3.76% | 3.30% | 3.10% | 2.23% | 2.53% | 3.04% | 2.89% | 3.21% | 2.74% | 3.09% | 2.62% |
SCCPX Sterling Capital Long Duration Corporate Bond Fund | 5.06% | 4.99% | 4.84% | 3.54% | 4.11% | 13.93% | 88.30% | 3.01% | 3.31% | 3.76% | 3.41% | 3.16% |
Frequently Asked Questions
With a correlation of 0.94, FCBTX and SCCPX 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.
SCCPX has higher volatility (2.08%) compared to FCBTX (1.24%). In terms of maximum drawdown, FCBTX dropped -23.60% vs SCCPX's -31.88%.
FCBTX currently has the higher Sharpe Ratio (1.08 vs 0.79), 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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