FCNVX vs. FANCX
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. FANCX is managed by Fidelity. It was launched on Jul 12, 2016.
Performance
FCNVX vs. FANCX - Performance Comparison
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FCNVX vs. FANCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.52% | 4.51% | 5.43% | 5.86% | 0.85% | -0.06% | 1.10% | 3.00% | 1.82% | 1.42% |
FANCX Fidelity Advisor Short-Term Bond Fund Class C | -0.25% | 4.38% | 3.74% | 3.91% | -4.63% | -1.81% | 2.74% | 2.90% | 0.23% | -0.02% |
Returns By Period
In the year-to-date period, FCNVX achieves a 0.52% return, which is significantly higher than FANCX's -0.25% return.
FCNVX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.54%
- 1Y
- 3.88%
- 3Y*
- 5.02%
- 5Y*
- 3.41%
- 10Y*
- 2.51%
FANCX
- 1D
- 0.12%
- 1M
- -0.59%
- YTD
- -0.25%
- 6M
- 0.48%
- 1Y
- 2.69%
- 3Y*
- 3.53%
- 5Y*
- 1.11%
- 10Y*
- —
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FCNVX vs. FANCX - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is lower than FANCX's 1.51% expense ratio.
Return for Risk
FCNVX vs. FANCX — Risk / Return Rank
FCNVX
FANCX
FCNVX vs. FANCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX). 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.
| FCNVX | FANCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | 1.42 | +1.76 |
Sortino ratioReturn per unit of downside risk | 14.52 | 2.30 | +12.22 |
Omega ratioGain probability vs. loss probability | 6.34 | 1.33 | +5.01 |
Calmar ratioReturn relative to maximum drawdown | 21.58 | 2.53 | +19.04 |
Martin ratioReturn relative to average drawdown | 84.59 | 9.24 | +75.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCNVX | FANCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 1.42 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.69 | 0.53 | +2.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.17 | 0.60 | +1.57 |
Correlation
The correlation between FCNVX and FANCX is 0.37, 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.
Dividends
FCNVX vs. FANCX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 3.91%, more than FANCX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 3.91% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
FANCX Fidelity Advisor Short-Term Bond Fund Class C | 2.91% | 3.20% | 2.95% | 1.75% | 0.15% | 0.36% | 1.68% | 1.00% | 0.69% | 0.21% | 0.07% | 0.00% |
Drawdowns
FCNVX vs. FANCX - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum FANCX drawdown of -7.79%. Use the drawdown chart below to compare losses from any high point for FCNVX and FANCX.
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Drawdown Indicators
| FCNVX | FANCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -7.79% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.18% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -7.35% | +6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.82% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -1.57% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.32% | -0.27% |
Volatility
FCNVX vs. FANCX - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.10%, while Fidelity Advisor Short-Term Bond Fund Class C (FANCX) has a volatility of 0.57%. This indicates that FCNVX experiences smaller price fluctuations and is considered to be less risky than FANCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNVX | FANCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.57% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 1.21% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 1.93% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 2.09% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.03% | 1.77% | -0.74% |