FEPIX vs. ANAGX
FEPIX (Fidelity Total Bond Fund) and ANAGX (AB Global Bond Fund) are both mutual funds - FEPIX is a Total Bond Market fund managed by Fidelity, while ANAGX is a Global Bonds fund managed by AllianceBernstein. Over the past 10 years, FEPIX returned 2.34%/yr vs 1.37%/yr for ANAGX. A 0.71 correlation means they provide meaningful diversification when combined. FEPIX charges 0.50%/yr vs 0.80%/yr for ANAGX.
Performance
FEPIX vs. ANAGX - Performance Comparison
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Returns By Period
In the year-to-date period, FEPIX achieves a 0.55% return, which is significantly lower than ANAGX's 0.76% return. Over the past 10 years, FEPIX has outperformed ANAGX with an annualized return of 2.34%, while ANAGX has yielded a comparatively lower 1.37% annualized return.
FEPIX
- 1D
- 0.21%
- 1M
- 0.99%
- YTD
- 0.55%
- 6M
- 0.89%
- 1Y
- 5.14%
- 3Y*
- 4.49%
- 5Y*
- 0.38%
- 10Y*
- 2.34%
ANAGX
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 0.76%
- 6M
- 1.36%
- 1Y
- 3.22%
- 3Y*
- 4.06%
- 5Y*
- -0.13%
- 10Y*
- 1.37%
FEPIX vs. ANAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 0.55% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
ANAGX AB Global Bond Fund | 0.76% | 4.97% | 1.73% | 6.53% | -12.41% | -2.49% | 4.72% | 7.44% | 0.09% | 2.99% |
Correlation
The correlation between FEPIX and ANAGX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2004 | 0.72 |
The correlation between FEPIX and ANAGX shifts across timeframes, from 0.71 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FEPIX vs. ANAGX — Risk / Return Rank
FEPIX
ANAGX
FEPIX vs. ANAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) and AB Global Bond Fund (ANAGX). 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.
| FEPIX | ANAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.04 | +0.74 |
| Martin ratioReturn relative to average drawdown | 5.01 | 3.25 | +1.77 |
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Drawdowns
FEPIX vs. ANAGX - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -18.40%, smaller than the maximum ANAGX drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for FEPIX and ANAGX.
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Drawdown Indicators
| FEPIX | ANAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -44.21% | +25.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.12% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -3.92% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -17.60% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -17.60% | -0.80% |
Current DrawdownCurrent decline from peak | -1.32% | -2.28% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -3.67% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.99% | +0.04% |
Volatility
FEPIX vs. ANAGX - Volatility Comparison
The current volatility for Fidelity Total Bond Fund (FEPIX) is 1.16%, while AB Global Bond Fund (ANAGX) has a volatility of 1.24%. This indicates that FEPIX experiences smaller price fluctuations and is considered to be less risky than ANAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEPIX | ANAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.24% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.86% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.38% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 4.45% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 3.75% | +0.98% |
FEPIX vs. ANAGX - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is lower than ANAGX's 0.80% expense ratio.
Dividends
FEPIX vs. ANAGX - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 4.30%, more than ANAGX's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANAGX AB Global Bond Fund | 3.48% | 3.40% | 2.88% | 2.87% | 8.08% | 2.37% | 2.38% | 3.22% | 3.01% | 2.23% | 2.96% | 3.69% |
FEPIX Fidelity Total Bond Fund | 4.30% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
Frequently Asked Questions
FEPIX and ANAGX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANAGX has higher volatility (1.24%) compared to FEPIX (1.16%). In terms of maximum drawdown, FEPIX dropped -18.40% vs ANAGX's -44.21%.
FEPIX currently has the higher Sharpe Ratio (1.33 vs 0.96), 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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