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FCBTX vs. VSCSX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FCBTX vs. VSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Corporate Bond Fund Class M (FCBTX) and Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). The values are adjusted to include any dividend payments, if applicable.

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FCBTX vs. VSCSX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
VSCSX
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares
-0.08%6.75%5.36%6.11%-5.72%-0.43%5.06%6.85%0.88%2.46%

Returns By Period

In the year-to-date period, FCBTX achieves a -1.26% return, which is significantly lower than VSCSX's -0.08% return. Over the past 10 years, FCBTX has underperformed VSCSX with an annualized return of 2.42%, while VSCSX has yielded a comparatively higher 2.73% 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%

VSCSX

1D
0.23%
1M
-1.04%
YTD
-0.08%
6M
1.17%
1Y
4.67%
3Y*
5.44%
5Y*
2.41%
10Y*
2.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FCBTX vs. VSCSX - Expense Ratio Comparison

FCBTX has a 0.81% expense ratio, which is higher than VSCSX's 0.07% expense ratio.


Return for Risk

FCBTX vs. VSCSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCBTX
FCBTX Risk / Return Rank: 4343
Overall Rank
FCBTX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
FCBTX Sortino Ratio Rank: 3838
Sortino Ratio Rank
FCBTX Omega Ratio Rank: 3030
Omega Ratio Rank
FCBTX Calmar Ratio Rank: 6161
Calmar Ratio Rank
FCBTX Martin Ratio Rank: 4444
Martin Ratio Rank

VSCSX
VSCSX Risk / Return Rank: 9696
Overall Rank
VSCSX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
VSCSX Sortino Ratio Rank: 9696
Sortino Ratio Rank
VSCSX Omega Ratio Rank: 9595
Omega Ratio Rank
VSCSX Calmar Ratio Rank: 9696
Calmar Ratio Rank
VSCSX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCBTX vs. VSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class M (FCBTX) and Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). 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.


FCBTXVSCSXDifference

Sharpe ratio

Return per unit of total volatility

0.89

2.41

-1.52

Sortino ratio

Return per unit of downside risk

1.25

3.58

-2.33

Omega ratio

Gain probability vs. loss probability

1.16

1.50

-0.34

Calmar ratio

Return relative to maximum drawdown

1.44

3.63

-2.18

Martin ratio

Return relative to average drawdown

4.61

14.67

-10.06

FCBTX vs. VSCSX - Sharpe Ratio Comparison

The current FCBTX Sharpe Ratio is 0.89, which is lower than the VSCSX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of FCBTX and VSCSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FCBTXVSCSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.89

2.41

-1.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.00

0.90

-0.90

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

1.16

-0.75

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

1.35

-0.73

Correlation

The correlation between FCBTX and VSCSX is 0.81, 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. VSCSX - Dividend Comparison

FCBTX's dividend yield for the trailing twelve months is around 3.53%, less than VSCSX's 4.02% yield.


TTM20252024202320222021202020192018201720162015
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%
VSCSX
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares
4.02%4.32%4.27%3.07%1.98%1.78%2.25%2.85%2.66%2.26%1.93%2.21%

Drawdowns

FCBTX vs. VSCSX - Drawdown Comparison

The maximum FCBTX drawdown since its inception was -23.60%, which is greater than VSCSX's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for FCBTX and VSCSX.


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Drawdown Indicators


FCBTXVSCSXDifference

Max Drawdown

Largest peak-to-trough decline

-23.60%

-9.36%

-14.24%

Max Drawdown (1Y)

Largest decline over 1 year

-3.31%

-1.36%

-1.95%

Max Drawdown (5Y)

Largest decline over 5 years

-23.47%

-9.36%

-14.11%

Max Drawdown (10Y)

Largest decline over 10 years

-23.60%

-9.36%

-14.24%

Current Drawdown

Current decline from peak

-4.98%

-1.04%

-3.94%

Average Drawdown

Average peak-to-trough decline

-4.38%

-0.98%

-3.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

0.34%

+0.70%

Volatility

FCBTX vs. VSCSX - Volatility Comparison

Fidelity Advisor Corporate Bond Fund Class M (FCBTX) has a higher volatility of 1.91% compared to Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) at 0.81%. This indicates that FCBTX's price experiences larger fluctuations and is considered to be riskier than VSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FCBTXVSCSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.91%

0.81%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

2.92%

1.19%

+1.73%

Volatility (1Y)

Calculated over the trailing 1-year period

4.83%

1.98%

+2.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.69%

2.70%

+3.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.94%

2.36%

+3.58%