FCNVX vs. BIL
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNVX or BIL.
Correlation
The correlation between FCNVX and BIL is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FCNVX vs. BIL - Performance Comparison
Key characteristics
FCNVX:
3.47
BIL:
20.53
FCNVX:
16.73
BIL:
249.34
FCNVX:
6.65
BIL:
144.96
FCNVX:
24.55
BIL:
441.46
FCNVX:
128.98
BIL:
4,052.33
FCNVX:
0.04%
BIL:
0.00%
FCNVX:
1.46%
BIL:
0.23%
FCNVX:
-2.19%
BIL:
-0.77%
FCNVX:
0.00%
BIL:
0.00%
Returns By Period
In the year-to-date period, FCNVX achieves a 1.13% return, which is significantly lower than BIL's 1.34% return. Over the past 10 years, FCNVX has outperformed BIL with an annualized return of 2.22%, while BIL has yielded a comparatively lower 1.76% annualized return.
FCNVX
1.13%
0.39%
2.36%
5.33%
2.89%
2.22%
BIL
1.34%
0.33%
2.16%
4.81%
2.54%
1.76%
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FCNVX vs. BIL - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FCNVX vs. BIL — Risk-Adjusted Performance Rank
FCNVX
BIL
FCNVX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
Dividends
FCNVX vs. BIL - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 4.98%, more than BIL's 4.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 4.98% | 5.18% | 4.97% | 1.65% | 0.30% | 1.04% | 2.45% | 2.21% | 1.30% | 0.95% | 0.55% | 0.39% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.76% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
Drawdowns
FCNVX vs. BIL - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for FCNVX and BIL. For additional features, visit the drawdowns tool.
Volatility
FCNVX vs. BIL - Volatility Comparison
Fidelity Conservative Income Bond Institutional Class (FCNVX) has a higher volatility of 0.44% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that FCNVX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.