FEPIX vs. STYAX
Compare and contrast key facts about Fidelity Total Bond Fund (FEPIX) and Allspring Core Plus Bond Fund (STYAX).
FEPIX is managed by Fidelity. STYAX is managed by Allspring Global Investments. It was launched on Jul 13, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEPIX or STYAX.
Key characteristics
| FEPIX | STYAX | |
|---|---|---|
| YTD Return | -0.66% | -1.03% |
| 1Y Return | 2.86% | 1.83% |
| 3Y Return (Ann) | -2.02% | -2.80% |
| 5Y Return (Ann) | 1.18% | 1.12% |
| 10Y Return (Ann) | 2.07% | 2.25% |
| Sharpe Ratio | 0.52 | 0.25 |
| Daily Std Dev | 6.32% | 6.49% |
| Max Drawdown | -17.77% | -18.54% |
| Current Drawdown | -8.51% | -10.29% |
Correlation
The correlation between FEPIX and STYAX is 0.89, 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.
Performance
FEPIX vs. STYAX - Performance Comparison
In the year-to-date period, FEPIX achieves a -0.66% return, which is significantly higher than STYAX's -1.03% return. Over the past 10 years, FEPIX has underperformed STYAX with an annualized return of 2.07%, while STYAX has yielded a comparatively higher 2.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FEPIX vs. STYAX - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is lower than STYAX's 0.69% expense ratio.
Risk-Adjusted Performance
FEPIX vs. STYAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) and Allspring Core Plus Bond Fund (STYAX). 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.
Dividends
FEPIX vs. STYAX - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 4.28%, which matches STYAX's 4.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 4.28% | 4.10% | 3.28% | 2.20% | 5.18% | 2.98% | 3.13% | 2.92% | 3.19% | 3.65% | 3.09% | 3.87% |
STYAX Allspring Core Plus Bond Fund | 4.29% | 3.94% | 2.84% | 2.39% | 5.18% | 3.67% | 2.70% | 2.61% | 3.07% | 2.23% | 2.08% | 2.09% |
Drawdowns
FEPIX vs. STYAX - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -17.77%, roughly equal to the maximum STYAX drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for FEPIX and STYAX. For additional features, visit the drawdowns tool.
Volatility
FEPIX vs. STYAX - Volatility Comparison
Fidelity Total Bond Fund (FEPIX) and Allspring Core Plus Bond Fund (STYAX) have volatilities of 1.27% and 1.32%, 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.