FCNVX vs. KO
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and The Coca-Cola Company (KO).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNVX or KO.
Key characteristics
| FCNVX | KO | |
|---|---|---|
| YTD Return | 2.12% | 8.31% |
| 1Y Return | 5.79% | 3.47% |
| 3Y Return (Ann) | 2.84% | 8.28% |
| 5Y Return (Ann) | 2.30% | 8.51% |
| 10Y Return (Ann) | 1.76% | 7.90% |
| Sharpe Ratio | 3.57 | 0.26 |
| Daily Std Dev | 1.61% | 13.12% |
| Max Drawdown | -2.19% | -68.23% |
| Current Drawdown | 0.00% | -0.41% |
Correlation
The correlation between FCNVX and KO 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. KO - Performance Comparison
In the year-to-date period, FCNVX achieves a 2.12% return, which is significantly lower than KO's 8.31% return. Over the past 10 years, FCNVX has underperformed KO with an annualized return of 1.76%, while KO has yielded a comparatively higher 7.90% 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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Risk-Adjusted Performance
FCNVX vs. KO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and The Coca-Cola Company (KO). 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. KO - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 5.21%, more than KO's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.21% | 4.97% | 1.65% | 0.30% | 1.04% | 2.45% | 2.21% | 1.30% | 0.95% | 0.55% | 0.39% | 0.62% |
KO The Coca-Cola Company | 2.95% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% | 2.89% | 2.71% |
Drawdowns
FCNVX vs. KO - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for FCNVX and KO. For additional features, visit the drawdowns tool.
Volatility
FCNVX vs. KO - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.43%, while The Coca-Cola Company (KO) has a volatility of 2.71%. This indicates that FCNVX experiences smaller price fluctuations and is considered to be less risky than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.