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.
Correlation
The correlation between FCNVX and FXNAX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FCNVX vs. FXNAX - Performance Comparison
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Key characteristics
FCNVX:
3.54
FXNAX:
0.85
FCNVX:
16.64
FXNAX:
1.26
FCNVX:
6.33
FXNAX:
1.15
FCNVX:
25.95
FXNAX:
0.33
FCNVX:
123.16
FXNAX:
2.02
FCNVX:
0.04%
FXNAX:
2.19%
FCNVX:
1.45%
FXNAX:
5.29%
FCNVX:
-2.19%
FXNAX:
-19.64%
FCNVX:
-0.10%
FXNAX:
-9.12%
Returns By Period
In the year-to-date period, FCNVX achieves a 1.39% return, which is significantly higher than FXNAX's 1.08% return. Over the past 10 years, FCNVX has outperformed FXNAX with an annualized return of 2.25%, while FXNAX has yielded a comparatively lower 1.22% annualized return.
FCNVX
1.39%
0.46%
2.20%
5.15%
2.91%
2.25%
FXNAX
1.08%
0.49%
0.39%
4.53%
-1.29%
1.22%
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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 Rank
FCNVX
FXNAX
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.
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Dividends
FCNVX vs. FXNAX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 4.86%, more than FXNAX's 3.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 4.86% | 5.12% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% |
FXNAX Fidelity U.S. Bond Index Fund | 3.18% | 3.40% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% |
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.
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Volatility
FCNVX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.41%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.45%. 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.
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