FDIAX vs. FANCX
FDIAX (Fidelity Advisor Limited Term Bond Fund Class A) and FANCX (Fidelity Advisor Short-Term Bond Fund Class C) are both Total Bond Market funds from Fidelity. Over the past 5 years, FDIAX returned 1.72%/yr vs 1.18%/yr for FANCX. A 0.78 correlation means they provide meaningful diversification when combined. FDIAX charges 0.75%/yr vs 1.51%/yr for FANCX.
Performance
FDIAX vs. FANCX - Performance Comparison
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Returns By Period
In the year-to-date period, FDIAX achieves a 0.38% return, which is significantly higher than FANCX's -0.01% return.
FDIAX
- 1D
- -0.17%
- 1M
- -0.12%
- 6M
- 0.38%
- YTD
- 0.38%
- 1Y
- 3.50%
- 3Y*
- 4.77%
- 5Y*
- 1.72%
- 10Y*
- 1.97%
FANCX
- 1D
- -0.12%
- 1M
- -0.00%
- 6M
- 0.11%
- YTD
- -0.01%
- 1Y
- 2.13%
- 3Y*
- 3.55%
- 5Y*
- 1.18%
- 10Y*
- —
FDIAX vs. FANCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIAX Fidelity Advisor Limited Term Bond Fund Class A | 0.38% | 6.38% | 4.09% | 5.76% | -6.45% | -1.62% | 4.86% | 5.72% | 0.40% | 1.58% |
FANCX Fidelity Advisor Short-Term Bond Fund Class C | -0.01% | 4.38% | 3.74% | 3.91% | -4.63% | -1.81% | 2.74% | 2.90% | 0.23% | -0.02% |
Correlation
The correlation between FDIAX and FANCX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2016 | 0.78 |
The correlation between FDIAX and FANCX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
FDIAX vs. FANCX — Risk / Return Rank
FDIAX
FANCX
FDIAX vs. FANCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Limited Term Bond Fund Class A (FDIAX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDIAX | FANCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.82 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.55 | 5.39 | +2.16 |
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Drawdowns
FDIAX vs. FANCX - Drawdown Comparison
The maximum FDIAX drawdown since its inception was -12.45%, which is greater than FANCX's maximum drawdown of -7.79%. Use the drawdown chart below to compare losses from any high point for FDIAX and FANCX.
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Drawdown Indicators
| FDIAX | FANCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.45% | -7.79% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -1.18% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.63% | -1.18% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -9.99% | -7.24% | -2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -10.20% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.58% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -1.54% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.40% | +0.05% |
Volatility
FDIAX vs. FANCX - Volatility Comparison
Fidelity Advisor Limited Term Bond Fund Class A (FDIAX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX) have volatilities of 0.63% and 0.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIAX | FANCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.66% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 1.36% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 1.82% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 2.14% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.40% | 1.77% | +0.63% |
FDIAX vs. FANCX - Expense Ratio Comparison
FDIAX has a 0.75% expense ratio, which is lower than FANCX's 1.51% expense ratio.
Dividends
FDIAX vs. FANCX - Dividend Comparison
FDIAX's dividend yield for the trailing twelve months is around 3.82%, more than FANCX's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANCX Fidelity Advisor Short-Term Bond Fund Class C | 3.09% | 3.20% | 2.95% | 1.75% | 0.15% | 0.36% | 1.68% | 1.00% | 0.69% | 0.21% | 0.07% | 0.00% |
FDIAX Fidelity Advisor Limited Term Bond Fund Class A | 3.82% | 3.63% | 2.57% | 1.90% | 1.03% | 1.09% | 2.09% | 2.14% | 1.99% | 1.48% | 1.55% | 1.31% |
Frequently Asked Questions
FDIAX and FANCX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANCX has higher volatility (0.66%) compared to FDIAX (0.63%). In terms of maximum drawdown, FDIAX dropped -12.45% vs FANCX's -7.79%.
FDIAX currently has the higher Sharpe Ratio (1.62 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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