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FCNVX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FCNVX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Conservative Income Bond Institutional Class (FCNVX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.83%
2.96%
FCNVX
BND

Returns By Period

In the year-to-date period, FCNVX achieves a 5.01% return, which is significantly higher than BND's 1.83% return. Over the past 10 years, FCNVX has outperformed BND with an annualized return of 2.03%, while BND has yielded a comparatively lower 1.41% annualized return.


FCNVX

YTD

5.01%

1M

0.42%

6M

2.83%

1Y

5.79%

5Y (annualized)

2.59%

10Y (annualized)

2.03%

BND

YTD

1.83%

1M

-1.26%

6M

2.96%

1Y

6.48%

5Y (annualized)

-0.28%

10Y (annualized)

1.41%

Key characteristics


FCNVXBND
Sharpe Ratio3.641.17
Sortino Ratio14.211.71
Omega Ratio4.551.20
Calmar Ratio57.910.45
Martin Ratio117.463.85
Ulcer Index0.05%1.72%
Daily Std Dev1.58%5.66%
Max Drawdown-2.19%-18.84%
Current Drawdown0.00%-8.96%

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FCNVX vs. BND - Expense Ratio Comparison

FCNVX has a 0.25% expense ratio, which is higher than BND's 0.03% 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%.


FCNVX
Fidelity Conservative Income Bond Institutional Class
Expense ratio chart for FCNVX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.1

The correlation between FCNVX and BND is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

FCNVX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Vanguard Total Bond Market ETF (BND). 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.


Sharpe ratio
The chart of Sharpe ratio for FCNVX, currently valued at 3.64, compared to the broader market0.002.004.003.641.20
The chart of Sortino ratio for FCNVX, currently valued at 14.21, compared to the broader market0.005.0010.0014.211.75
The chart of Omega ratio for FCNVX, currently valued at 4.55, compared to the broader market1.002.003.004.004.551.21
The chart of Calmar ratio for FCNVX, currently valued at 57.91, compared to the broader market0.005.0010.0015.0020.0025.0057.910.48
The chart of Martin ratio for FCNVX, currently valued at 117.46, compared to the broader market0.0020.0040.0060.0080.00100.00117.463.91
FCNVX
BND

The current FCNVX Sharpe Ratio is 3.64, which is higher than the BND Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FCNVX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.64
1.20
FCNVX
BND

Dividends

FCNVX vs. BND - Dividend Comparison

FCNVX's dividend yield for the trailing twelve months is around 5.21%, more than BND's 3.57% yield.


TTM20232022202120202019201820172016201520142013
FCNVX
Fidelity Conservative Income Bond Institutional Class
5.21%4.97%1.65%0.29%1.01%2.46%2.20%1.30%0.93%0.54%0.39%0.62%
BND
Vanguard Total Bond Market ETF
3.57%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

FCNVX vs. BND - Drawdown Comparison

The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FCNVX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-8.96%
FCNVX
BND

Volatility

FCNVX vs. BND - Volatility Comparison

The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.44%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.53%. This indicates that FCNVX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
0.44%
1.53%
FCNVX
BND