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

Performance

FCNVX vs. FJTDX - Performance Comparison

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

0.00%0.50%1.00%1.50%2.00%2.50%3.00%JuneJulyAugustSeptemberOctoberNovember
2.74%
2.94%
FCNVX
FJTDX

Returns By Period

In the year-to-date period, FCNVX achieves a 4.91% return, which is significantly lower than FJTDX's 5.21% return.


FCNVX

YTD

4.91%

1M

0.32%

6M

2.73%

1Y

5.58%

5Y (annualized)

2.57%

10Y (annualized)

2.01%

FJTDX

YTD

5.21%

1M

0.44%

6M

2.93%

1Y

6.01%

5Y (annualized)

2.79%

10Y (annualized)

N/A

Key characteristics


FCNVXFJTDX
Sharpe Ratio3.503.70
Sortino Ratio13.3020.36
Omega Ratio4.238.20
Calmar Ratio55.8158.83
Martin Ratio112.31121.25
Ulcer Index0.05%0.05%
Daily Std Dev1.59%1.59%
Max Drawdown-2.19%-1.90%
Current Drawdown-0.10%0.00%

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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%.


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 FJTDX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.5

The correlation between FCNVX and FJTDX is 0.52, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for FCNVX, currently valued at 3.50, compared to the broader market-1.000.001.002.003.004.005.003.503.70
The chart of Sortino ratio for FCNVX, currently valued at 13.30, compared to the broader market0.005.0010.0013.3020.36
The chart of Omega ratio for FCNVX, currently valued at 4.23, compared to the broader market1.002.003.004.004.238.20
The chart of Calmar ratio for FCNVX, currently valued at 55.81, compared to the broader market0.005.0010.0015.0020.0055.8158.83
The chart of Martin ratio for FCNVX, currently valued at 112.31, compared to the broader market0.0020.0040.0060.0080.00100.00112.31121.25
FCNVX
FJTDX

The current FCNVX Sharpe Ratio is 3.50, which is comparable to the FJTDX Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of FCNVX and FJTDX, 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 Ratio3.403.503.603.703.803.904.00JuneJulyAugustSeptemberOctoberNovember
3.50
3.70
FCNVX
FJTDX

Dividends

FCNVX vs. FJTDX - Dividend Comparison

FCNVX's dividend yield for the trailing twelve months is around 5.22%, less than FJTDX's 5.41% yield.


TTM20232022202120202019201820172016201520142013
FCNVX
Fidelity Conservative Income Bond Institutional Class
5.22%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
5.41%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.


-0.10%-0.08%-0.06%-0.04%-0.02%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.10%
0
FCNVX
FJTDX

Volatility

FCNVX vs. FJTDX - Volatility Comparison

Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Flex Conservative Income Bond Fund (FJTDX) have volatilities of 0.46% 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.


0.00%0.10%0.20%0.30%0.40%0.50%0.60%JuneJulyAugustSeptemberOctoberNovember
0.46%
0.44%
FCNVX
FJTDX