FCNVX vs. FXNAX
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity U.S. Bond Index Fund (FXNAX).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNVX or FXNAX.
Key characteristics
| FCNVX | FXNAX | |
|---|---|---|
| YTD Return | 5.06% | 2.51% |
| 1Y Return | 5.84% | 8.95% |
| 3Y Return (Ann) | 3.83% | -2.32% |
| 5Y Return (Ann) | 2.62% | -0.20% |
| 10Y Return (Ann) | 2.03% | 1.38% |
| Sharpe Ratio | 3.66 | 1.29 |
| Sortino Ratio | 14.19 | 1.93 |
| Omega Ratio | 4.47 | 1.23 |
| Calmar Ratio | 58.28 | 0.46 |
| Martin Ratio | 127.56 | 4.38 |
| Ulcer Index | 0.05% | 1.69% |
| Daily Std Dev | 1.58% | 5.88% |
| Max Drawdown | -2.19% | -19.64% |
| Current Drawdown | 0.00% | -9.30% |
Correlation
The correlation between FCNVX and FXNAX is 0.25, 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. FXNAX - Performance Comparison
In the year-to-date period, FCNVX achieves a 5.06% return, which is significantly higher than FXNAX's 2.51% return. Over the past 10 years, FCNVX has outperformed FXNAX with an annualized return of 2.03%, while FXNAX has yielded a comparatively lower 1.38% annualized 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. FXNAX - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is higher than FXNAX'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. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 5.26%, more than FXNAX's 3.29% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.29% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FCNVX vs. FXNAX - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FCNVX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FCNVX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.43%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.63%. This indicates that FCNVX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.