FEPAX vs. ABNDX
FEPAX (Fidelity Advisor Total Bond Fund Class A) and ABNDX (American Funds The Bond Fund of America) are both mutual funds - FEPAX is a Total Bond Market fund managed by Fidelity, while ABNDX is a Intermediate Core Bond fund managed by American Funds. Over the past 10 years, FEPAX returned 1.74%/yr vs 1.41%/yr for ABNDX. Their correlation of 0.90 means they have usually moved in the same direction. FEPAX charges 0.75%/yr vs 0.55%/yr for ABNDX.
Performance
FEPAX vs. ABNDX - Performance Comparison
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Returns By Period
In the year-to-date period, FEPAX achieves a -0.70% return, which is significantly higher than ABNDX's -1.08% return. Over the past 10 years, FEPAX has outperformed ABNDX with an annualized return of 1.74%, while ABNDX has yielded a comparatively lower 1.41% annualized return.
FEPAX
- 1D
- 0.00%
- 1M
- -1.26%
- 6M
- -0.82%
- YTD
- -0.70%
- 1Y
- 1.69%
- 3Y*
- 3.62%
- 5Y*
- -0.37%
- 10Y*
- 1.74%
- ALL TIME*
- 3.41%
ABNDX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.31%
- YTD
- -1.08%
- 1Y
- 1.34%
- 3Y*
- 3.38%
- 5Y*
- -0.81%
- 10Y*
- 1.41%
- ALL TIME*
- 4.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEPAX vs. ABNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPAX Fidelity Advisor Total Bond Fund Class A | -0.70% | 7.18% | 1.16% | 6.54% | -13.76% | -0.56% | 9.02% | 9.55% | -1.07% | 3.79% |
ABNDX American Funds The Bond Fund of America | -1.08% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Correlation
The correlation between FEPAX and ABNDX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2004 | 0.90 |
The correlation between FEPAX and ABNDX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
FEPAX vs. ABNDX — Risk / Return Rank
FEPAX
ABNDX
FEPAX vs. ABNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class A (FEPAX) and American Funds The Bond Fund of America (ABNDX). 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.
| FEPAX | ABNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.84 | +0.15 |
| Martin ratioReturn relative to average drawdown | 2.43 | 2.03 | +0.40 |
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Drawdowns
FEPAX vs. ABNDX - Drawdown Comparison
The maximum FEPAX drawdown since its inception was -18.52%, roughly equal to the maximum ABNDX drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for FEPAX and ABNDX.
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Drawdown Indicators
| FEPAX | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.52% | -18.18% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.13% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -5.15% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -18.15% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -18.52% | -18.18% | -0.34% |
Current DrawdownCurrent decline from peak | -2.51% | -4.20% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -3.22% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.29% | -0.10% |
Volatility
FEPAX vs. ABNDX - Volatility Comparison
Fidelity Advisor Total Bond Fund Class A (FEPAX) and American Funds The Bond Fund of America (ABNDX) have volatilities of 0.92% and 0.95%, 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
| FEPAX | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.95% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 3.01% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 3.79% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 5.96% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.89% | -0.16% |
FEPAX vs. ABNDX - Expense Ratio Comparison
FEPAX has a 0.75% expense ratio, which is higher than ABNDX's 0.55% expense ratio.
Dividends
FEPAX vs. ABNDX - Dividend Comparison
FEPAX's dividend yield for the trailing twelve months is around 3.75%, less than ABNDX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | 3.83% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
FEPAX Fidelity Advisor Total Bond Fund Class A | 3.75% | 4.07% | 3.18% | 3.51% | 2.29% | 1.68% | 4.93% | 2.73% | 2.87% | 2.49% | 3.28% | 3.01% |
Frequently Asked Questions
With a correlation of 0.96, FEPAX and ABNDX 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.
ABNDX has higher volatility (0.95%) compared to FEPAX (0.92%). In terms of maximum drawdown, FEPAX dropped -18.52% vs ABNDX's -18.18%.
FEPAX currently has the higher Sharpe Ratio (0.78 vs 0.69), 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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