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.
Performance
FCNVX vs. FUMBX - Performance Comparison
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FCNVX vs. FUMBX - 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% | 0.37% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.10% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.47% | -0.33% |
Returns By Period
In the year-to-date period, FCNVX achieves a 0.52% return, which is significantly higher than FUMBX's -0.10% 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%
FUMBX
- 1D
- 0.10%
- 1M
- -0.77%
- YTD
- -0.10%
- 6M
- 0.85%
- 1Y
- 3.55%
- 3Y*
- 3.80%
- 5Y*
- 1.31%
- 10Y*
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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%.
Return for Risk
FCNVX vs. FUMBX — Risk / Return Rank
FCNVX
FUMBX
FCNVX vs. FUMBX - Risk-Adjusted Trends 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.
| FCNVX | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | 1.55 | +1.63 |
Sortino ratioReturn per unit of downside risk | 14.52 | 2.43 | +12.09 |
Omega ratioGain probability vs. loss probability | 6.34 | 1.33 | +5.01 |
Calmar ratioReturn relative to maximum drawdown | 21.58 | 2.52 | +19.05 |
Martin ratioReturn relative to average drawdown | 84.59 | 8.74 | +75.85 |
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 | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 1.55 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.69 | 0.45 | +2.24 |
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 | 0.73 | +1.44 |
Correlation
The correlation between FCNVX and FUMBX is 0.32, 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. FUMBX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 3.91%, more than FUMBX's 3.41% 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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.41% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% | 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 -8.83%. Use the drawdown chart below to compare losses from any high point for FCNVX and FUMBX.
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Drawdown Indicators
| FCNVX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -8.83% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.54% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -8.60% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.06% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -1.88% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.44% | -0.39% |
Volatility
FCNVX vs. FUMBX - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.10%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.74%. 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.
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Volatility by Period
| FCNVX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.74% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 1.37% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 2.32% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 2.89% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.03% | 2.49% | -1.46% |