FEBGX vs. EINFX
FEBGX (Fidelity Environmental Bond Fund) and EINFX (Elfun Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, FEBGX returned -0.26%/yr vs -0.79%/yr for EINFX. With a 0.96 correlation, they move nearly in lockstep. FEBGX charges 0.36%/yr vs 0.29%/yr for EINFX.
Performance
FEBGX vs. EINFX - Performance Comparison
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Returns By Period
In the year-to-date period, FEBGX achieves a 0.39% return, which is significantly higher than EINFX's 0.04% return.
FEBGX
- 1D
- 0.24%
- 1M
- 0.93%
- YTD
- 0.39%
- 6M
- 0.70%
- 1Y
- 4.45%
- 3Y*
- 4.01%
- 5Y*
- -0.26%
- 10Y*
- —
EINFX
- 1D
- 0.21%
- 1M
- 0.99%
- YTD
- 0.04%
- 6M
- 0.46%
- 1Y
- 4.43%
- 3Y*
- 3.02%
- 5Y*
- -0.79%
- 10Y*
- 1.36%
FEBGX vs. EINFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEBGX Fidelity Environmental Bond Fund | 0.39% | 7.04% | 1.60% | 5.35% | -13.98% | -0.06% |
EINFX Elfun Income Fund | 0.04% | 7.35% | -0.73% | 4.75% | -13.82% | 0.20% |
Correlation
The correlation between FEBGX and EINFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.96 |
The correlation between FEBGX and EINFX has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
FEBGX vs. EINFX — Risk / Return Rank
FEBGX
EINFX
FEBGX vs. EINFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environmental Bond Fund (FEBGX) and Elfun Income Fund (EINFX). 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.
| FEBGX | EINFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.34 | +0.16 |
| Martin ratioReturn relative to average drawdown | 4.35 | 3.78 | +0.57 |
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Drawdowns
FEBGX vs. EINFX - Drawdown Comparison
The maximum FEBGX drawdown since its inception was -19.47%, roughly equal to the maximum EINFX drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for FEBGX and EINFX.
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Drawdown Indicators
| FEBGX | EINFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.47% | -19.78% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -3.40% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.38% | -8.10% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -19.78% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.78% | — |
Current DrawdownCurrent decline from peak | -2.77% | -5.26% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -3.58% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.20% | -0.15% |
Volatility
FEBGX vs. EINFX - Volatility Comparison
Fidelity Environmental Bond Fund (FEBGX) and Elfun Income Fund (EINFX) have volatilities of 1.32% and 1.28%, 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
| FEBGX | EINFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.28% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.00% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.15% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 6.51% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.89% | 5.24% | +0.65% |
FEBGX vs. EINFX - Expense Ratio Comparison
FEBGX has a 0.36% expense ratio, which is higher than EINFX's 0.29% expense ratio.
Dividends
FEBGX vs. EINFX - Dividend Comparison
FEBGX's dividend yield for the trailing twelve months is around 3.91%, more than EINFX's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINFX Elfun Income Fund | 3.85% | 3.84% | 3.04% | 2.76% | 4.09% | 3.31% | 3.15% | 2.78% | 2.88% | 2.42% | 3.34% | 2.87% |
FEBGX Fidelity Environmental Bond Fund | 3.91% | 3.82% | 3.75% | 2.67% | 2.73% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, FEBGX and EINFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FEBGX has higher volatility (1.32%) compared to EINFX (1.28%). In terms of maximum drawdown, FEBGX dropped -19.47% vs EINFX's -19.78%.
FEBGX currently has the higher Sharpe Ratio (1.13 vs 1.10), 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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