FCNVX vs. FUMBX
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNVX or FUMBX.
Key characteristics
| FCNVX | FUMBX | |
|---|---|---|
| YTD Return | 5.06% | 2.96% |
| 1Y Return | 5.84% | 5.69% |
| 3Y Return (Ann) | 3.83% | 0.24% |
| 5Y Return (Ann) | 2.62% | 0.84% |
| Sharpe Ratio | 3.66 | 1.86 |
| Sortino Ratio | 14.19 | 2.86 |
| Omega Ratio | 4.47 | 1.39 |
| Calmar Ratio | 58.28 | 0.91 |
| Martin Ratio | 127.56 | 7.47 |
| Ulcer Index | 0.05% | 0.68% |
| Daily Std Dev | 1.58% | 2.76% |
| Max Drawdown | -2.19% | -9.07% |
| Current Drawdown | 0.00% | -1.38% |
Correlation
The correlation between FCNVX and FUMBX is 0.30, 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.
Performance
FCNVX vs. FUMBX - Performance Comparison
In the year-to-date period, FCNVX achieves a 5.06% return, which is significantly higher than FUMBX's 2.96% 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. FUMBX - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is higher than FUMBX'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%.
Risk-Adjusted Performance
FCNVX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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. FUMBX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 5.26%, more than FUMBX's 2.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.26% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.03% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCNVX vs. FUMBX - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum FUMBX drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for FCNVX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
FCNVX vs. FUMBX - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.43%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.63%. This indicates that FCNVX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.