FCCCX vs. CFICX

Last updated Jun 23, 2026

FCCCX (Fidelity Advisor Corporate Bond Fund Class C) and CFICX (Calvert Income Fund) are both Corporate Bonds funds. Over the past 10 years, FCCCX returned 1.65%/yr vs 2.96%/yr for CFICX. Their correlation of 0.92 suggests significant overlap in exposure. FCCCX charges 1.54%/yr vs 0.92%/yr for CFICX.

Performance

FCCCX vs. CFICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Corporate Bond Fund Class C (FCCCX) and Calvert Income Fund (CFICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCCCX achieves a 0.10% return, which is significantly lower than CFICX's 0.45% return. Over the past 10 years, FCCCX has underperformed CFICX with an annualized return of 1.65%, while CFICX has yielded a comparatively higher 2.96% annualized return.

FCCCX

• 1D: 0.19%
• 1M: 0.76%
• YTD: 0.10%
• 6M: 0.37%
• 1Y: 4.17%
• 3Y*: 4.26%
• 5Y*: -0.97%
• 10Y*: 1.65%

CFICX

• 1D: 0.13%
• 1M: 0.97%
• YTD: 0.45%
• 6M: 0.99%
• 1Y: 5.59%
• 3Y*: 6.00%
• 5Y*: 0.74%
• 10Y*: 2.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCCCX vs. CFICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCCCX Fidelity Advisor Corporate Bond Fund Class C	0.10%	6.61%	1.49%	7.37%	-17.79%	-2.47%	9.61%	13.23%	-3.55%	5.58%
CFICX Calvert Income Fund	0.45%	8.94%	4.11%	7.61%	-16.07%	1.71%	8.26%	14.75%	-3.36%	6.57%

Correlation

The correlation between FCCCX and CFICX 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	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 5, 2010	0.92

The correlation between FCCCX and CFICX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FCCCX vs. CFICX — Risk / Return Rank

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

FCCCX

FCCCX Risk / Return Rank: 15
FCCCX Sharpe Ratio Rank: 15
FCCCX Sortino Ratio Rank: 15
FCCCX Omega Ratio Rank: 14
FCCCX Calmar Ratio Rank: 16
FCCCX Martin Ratio Rank: 15

CFICX

CFICX Risk / Return Rank: 31
CFICX Sharpe Ratio Rank: 33
CFICX Sortino Ratio Rank: 36
CFICX Omega Ratio Rank: 33
CFICX Calmar Ratio Rank: 28
CFICX Martin Ratio Rank: 27

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.

FCCCX vs. CFICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class C (FCCCX) and Calvert Income Fund (CFICX). 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.

	FCCCX	CFICX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.54	-0.51
Sortino ratio: Return per unit of downside risk	1.51	2.35	-0.84
Omega ratio: Gain probability vs. loss probability	1.18	1.28	-0.10
Calmar ratio: Return relative to maximum drawdown	1.33	1.85	-0.52
Martin ratio: Return relative to average drawdown	3.93	5.89	-1.96

FCCCX vs. CFICX - Sharpe Ratio Comparison

The current FCCCX Sharpe Ratio is 1.03, which is lower than the CFICX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FCCCX and CFICX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCCCX vs. CFICX - Drawdown Comparison

The maximum FCCCX drawdown since its inception was -24.33%, which is greater than CFICX's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for FCCCX and CFICX.

Drawdown Indicators

	FCCCX	CFICX	Difference
Max Drawdown Largest peak-to-trough decline	-24.33%	-21.28%	-3.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-3.08%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-6.82%	-6.11%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-23.97%	-21.28%	-2.69%
Max Drawdown (10Y) Largest decline over 10 years	-24.33%	-21.28%	-3.05%
Current Drawdown Current decline from peak	-6.76%	-1.21%	-5.55%
Average Drawdown Average peak-to-trough decline	-4.96%	-3.45%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.96%	+0.13%

Volatility

FCCCX vs. CFICX - Volatility Comparison

Fidelity Advisor Corporate Bond Fund Class C (FCCCX) and Calvert Income Fund (CFICX) have volatilities of 1.29% and 1.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCCCX	CFICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	1.33%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.16%	2.92%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	3.69%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.64%	5.65%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.91%	5.22%	+0.69%

FCCCX vs. CFICX - Expense Ratio Comparison

FCCCX has a 1.54% expense ratio, which is higher than CFICX's 0.92% expense ratio.

Dividends

FCCCX vs. CFICX - Dividend Comparison

FCCCX's dividend yield for the trailing twelve months is around 3.16%, less than CFICX's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFICX Calvert Income Fund	4.75%	4.86%	4.91%	4.05%	3.22%	2.70%	2.96%	3.25%	3.60%	2.96%	3.23%	2.87%
FCCCX Fidelity Advisor Corporate Bond Fund Class C	3.16%	3.06%	2.64%	2.47%	1.65%	1.92%	2.34%	2.22%	2.52%	2.10%	2.36%	1.96%

Frequently Asked Questions

Can I hold both FCCCX and CFICX in my portfolio?

With a correlation of 0.94, FCCCX and CFICX 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.

Which is riskier, FCCCX or CFICX?

CFICX has higher volatility (1.33%) compared to FCCCX (1.29%). In terms of maximum drawdown, FCCCX dropped -24.33% vs CFICX's -21.28%.

Which has better risk-adjusted returns?

CFICX currently has the higher Sharpe Ratio (1.54 vs 1.03), 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.