FCNVX vs. FJTDX
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Flex Conservative Income Bond Fund (FJTDX).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. FJTDX is managed by Fidelity. It was launched on May 31, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNVX or FJTDX.
Key characteristics
| FCNVX | FJTDX | |
|---|---|---|
| YTD Return | 4.96% | 5.27% |
| 1Y Return | 5.74% | 6.06% |
| 3Y Return (Ann) | 3.80% | 4.01% |
| 5Y Return (Ann) | 2.58% | 2.81% |
| Sharpe Ratio | 3.53 | 3.80 |
| Sortino Ratio | 13.30 | 21.98 |
| Omega Ratio | 4.16 | 8.89 |
| Calmar Ratio | 56.18 | 60.48 |
| Martin Ratio | 124.15 | 137.17 |
| Ulcer Index | 0.05% | 0.04% |
| Daily Std Dev | 1.59% | 1.58% |
| Max Drawdown | -2.19% | -1.90% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between FCNVX and FJTDX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FCNVX vs. FJTDX - Performance Comparison
In the year-to-date period, FCNVX achieves a 4.96% return, which is significantly lower than FJTDX's 5.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCNVX vs. FJTDX - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is higher than FJTDX's 0.00% 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. FJTDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). 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. FJTDX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 5.27%, less than FJTDX's 5.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.27% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
FJTDX Fidelity Flex Conservative Income Bond Fund | 5.47% | 5.16% | 1.85% | 0.44% | 1.24% | 2.64% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCNVX vs. FJTDX - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, which is greater than FJTDX's maximum drawdown of -1.90%. Use the drawdown chart below to compare losses from any high point for FCNVX and FJTDX. For additional features, visit the drawdowns tool.
Volatility
FCNVX vs. FJTDX - Volatility Comparison
Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Flex Conservative Income Bond Fund (FJTDX) have volatilities of 0.44% and 0.44%, 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.