FEPAX vs. VBTIX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class A (FEPAX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX).
FEPAX is managed by Fidelity. It was launched on Oct 15, 2002. VBTIX is managed by Vanguard. It was launched on Sep 18, 1995.
Performance
FEPAX vs. VBTIX - Performance Comparison
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FEPAX vs. VBTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPAX Fidelity Advisor Total Bond Fund Class A | -0.54% | 7.18% | 1.16% | 6.54% | -13.76% | -0.56% | 9.02% | 9.55% | -1.07% | 3.79% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | -0.28% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
Returns By Period
In the year-to-date period, FEPAX achieves a -0.54% return, which is significantly lower than VBTIX's -0.28% return. Over the past 10 years, FEPAX has outperformed VBTIX with an annualized return of 2.14%, while VBTIX has yielded a comparatively lower 1.61% annualized return.
FEPAX
- 1D
- 0.53%
- 1M
- -2.35%
- YTD
- -0.54%
- 6M
- 0.34%
- 1Y
- 3.90%
- 3Y*
- 3.68%
- 5Y*
- 0.30%
- 10Y*
- 2.14%
VBTIX
- 1D
- 0.21%
- 1M
- -1.63%
- YTD
- -0.28%
- 6M
- 0.40%
- 1Y
- 3.67%
- 3Y*
- 3.52%
- 5Y*
- 0.20%
- 10Y*
- 1.61%
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FEPAX vs. VBTIX - Expense Ratio Comparison
FEPAX has a 0.75% expense ratio, which is higher than VBTIX's 0.04% expense ratio.
Return for Risk
FEPAX vs. VBTIX — Risk / Return Rank
FEPAX
VBTIX
FEPAX vs. VBTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class A (FEPAX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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.
| FEPAX | VBTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.93 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.34 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.67 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.18 | 4.72 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEPAX | VBTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.93 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.03 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.33 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.95 | -0.11 |
Correlation
The correlation between FEPAX and VBTIX is 0.93, 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
FEPAX vs. VBTIX - Dividend Comparison
FEPAX's dividend yield for the trailing twelve months is around 3.75%, more than VBTIX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.62% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
Drawdowns
FEPAX vs. VBTIX - Drawdown Comparison
The maximum FEPAX drawdown since its inception was -18.52%, roughly equal to the maximum VBTIX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FEPAX and VBTIX.
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Drawdown Indicators
| FEPAX | VBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.52% | -18.90% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.73% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -18.13% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -18.52% | -18.90% | +0.38% |
Current DrawdownCurrent decline from peak | -2.35% | -2.94% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -2.32% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.97% | -0.02% |
Volatility
FEPAX vs. VBTIX - Volatility Comparison
Fidelity Advisor Total Bond Fund Class A (FEPAX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) have volatilities of 1.54% and 1.55%, 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 | VBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.55% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.58% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 4.36% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 5.99% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 4.97% | -0.27% |