FEDUX vs. MBDFX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Education Income Fund (FEDUX) and AMG GW&K Core Bond ESG Fund (MBDFX).

FEDUX is managed by Fidelity. It was launched on Mar 16, 2021. MBDFX is managed by AMG. It was launched on Apr 30, 1993.

Performance

FEDUX vs. MBDFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Education Income Fund (FEDUX) and AMG GW&K Core Bond ESG Fund (MBDFX). The values are adjusted to include any dividend payments, if applicable.

FEDUX vs. MBDFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEDUX Fidelity Education Income Fund	-0.29%	6.40%	-0.29%	1.62%	-8.38%	-1.27%
MBDFX AMG GW&K Core Bond ESG Fund	-0.93%	7.29%	1.24%	5.73%	-13.85%	-1.34%

Returns By Period

In the year-to-date period, FEDUX achieves a -0.29% return, which is significantly higher than MBDFX's -0.93% return.

FEDUX

• 1D: 0.22%
• 1M: -1.40%
• YTD: -0.29%
• 6M: 0.82%
• 1Y: 3.87%
• 3Y*: 2.10%
• 5Y*: —
• 10Y*: —

MBDFX

• 1D: 0.56%
• 1M: -2.70%
• YTD: -0.93%
• 6M: 0.00%
• 1Y: 3.46%
• 3Y*: 3.27%
• 5Y*: -0.45%
• 10Y*: 1.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEDUX vs. MBDFX - Expense Ratio Comparison

FEDUX has a 0.00% expense ratio, which is lower than MBDFX's 0.56% expense ratio.

MBDFX

AMG GW&K Core Bond ESG Fund

FEDUX

Fidelity Education Income Fund

Return for Risk

FEDUX vs. MBDFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEDUX

FEDUX Risk / Return Rank: 88
FEDUX Sharpe Ratio Rank: 85
FEDUX Sortino Ratio Rank: 91
FEDUX Omega Ratio Rank: 82
FEDUX Calmar Ratio Rank: 91
FEDUX Martin Ratio Rank: 89

MBDFX

MBDFX Risk / Return Rank: 41
MBDFX Sharpe Ratio Rank: 41
MBDFX Sortino Ratio Rank: 37
MBDFX Omega Ratio Rank: 29
MBDFX Calmar Ratio Rank: 56
MBDFX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEDUX vs. MBDFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Education Income Fund (FEDUX) and AMG GW&K Core Bond ESG Fund (MBDFX). 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.

	FEDUX	MBDFX	Difference
Sharpe ratio Return per unit of total volatility	1.64	0.85	+0.80
Sortino ratio Return per unit of downside risk	2.65	1.19	+1.46
Omega ratio Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio Return relative to maximum drawdown	2.68	1.31	+1.38
Martin ratio Return relative to average drawdown	9.90	4.39	+5.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEDUX vs. MBDFX - Sharpe Ratio Comparison

The current FEDUX Sharpe Ratio is 1.64, which is higher than the MBDFX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FEDUX and MBDFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEDUX	MBDFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	0.85	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.48	-0.66

Correlation

The correlation between FEDUX and MBDFX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FEDUX vs. MBDFX - Dividend Comparison

FEDUX's dividend yield for the trailing twelve months is around 4.04%, more than MBDFX's 3.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEDUX Fidelity Education Income Fund	4.04%	4.43%	0.36%	0.71%	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MBDFX AMG GW&K Core Bond ESG Fund	3.43%	3.66%	3.50%	2.92%	2.16%	2.35%	1.84%	2.40%	2.30%	2.10%	2.06%	4.17%

Drawdowns

FEDUX vs. MBDFX - Drawdown Comparison

The maximum FEDUX drawdown since its inception was -12.00%, smaller than the maximum MBDFX drawdown of -20.66%. Use the drawdown chart below to compare losses from any high point for FEDUX and MBDFX.

Drawdown Indicators

	FEDUX	MBDFX	Difference
Max Drawdown Largest peak-to-trough decline	-12.00%	-20.66%	+8.66%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-3.24%	+1.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.66%	—
Current Drawdown Current decline from peak	-3.07%	-5.35%	+2.28%
Average Drawdown Average peak-to-trough decline	-6.61%	-3.96%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.97%	-0.50%

Volatility

FEDUX vs. MBDFX - Volatility Comparison

The current volatility for Fidelity Education Income Fund (FEDUX) is 0.80%, while AMG GW&K Core Bond ESG Fund (MBDFX) has a volatility of 1.64%. This indicates that FEDUX experiences smaller price fluctuations and is considered to be less risky than MBDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEDUX	MBDFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	1.64%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	1.67%	2.64%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	2.69%	4.40%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.14%	6.13%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.14%	5.05%	-1.91%