FGBAX vs. GIBIX
FGBAX (Fidelity Advisor Investment Grade Bond Fund Class A) and GIBIX (Guggenheim Total Return Bond Fund) are both mutual funds - FGBAX is a Total Bond Market fund managed by Fidelity, while GIBIX is a Intermediate Core-Plus Bond fund managed by Guggenheim. Over the past 10 years, FGBAX returned 1.49%/yr vs 2.45%/yr for GIBIX. Their correlation of 0.88 means they have usually moved in the same direction. FGBAX charges 0.75%/yr vs 0.50%/yr for GIBIX.
Performance
FGBAX vs. GIBIX - Performance Comparison
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Returns By Period
In the year-to-date period, FGBAX achieves a -1.02% return, which is significantly lower than GIBIX's -0.74% return. Over the past 10 years, FGBAX has underperformed GIBIX with an annualized return of 1.49%, while GIBIX has yielded a comparatively higher 2.45% annualized return.
FGBAX
- 1D
- -0.28%
- 1M
- -1.39%
- 6M
- -1.04%
- YTD
- -1.02%
- 1Y
- 1.05%
- 3Y*
- 3.40%
- 5Y*
- -0.86%
- 10Y*
- 1.49%
- ALL TIME*
- 2.07%
GIBIX
- 1D
- -0.26%
- 1M
- -1.56%
- 6M
- -0.95%
- YTD
- -0.74%
- 1Y
- 2.08%
- 3Y*
- 5.02%
- 5Y*
- -0.22%
- 10Y*
- 2.45%
- ALL TIME*
- 3.72%
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 |
FGBAX vs. GIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGBAX Fidelity Advisor Investment Grade Bond Fund Class A | -1.02% | 6.90% | 0.67% | 5.86% | -14.15% | -1.38% | 9.59% | 9.33% | -0.54% | 3.46% |
GIBIX Guggenheim Total Return Bond Fund | -0.74% | 8.22% | 3.18% | 7.45% | -16.38% | -0.58% | 14.94% | 4.45% | 0.89% | 6.50% |
Correlation
The correlation between FGBAX and GIBIX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.88 |
The correlation between FGBAX and GIBIX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
FGBAX vs. GIBIX — Risk / Return Rank
FGBAX
GIBIX
FGBAX vs. GIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class A (FGBAX) and Guggenheim Total Return Bond Fund (GIBIX). 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.
| FGBAX | GIBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.95 | -0.33 |
| Martin ratioReturn relative to average drawdown | 1.45 | 2.50 | -1.05 |
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Drawdowns
FGBAX vs. GIBIX - Drawdown Comparison
The maximum FGBAX drawdown since its inception was -18.94%, smaller than the maximum GIBIX drawdown of -21.44%. Use the drawdown chart below to compare losses from any high point for FGBAX and GIBIX.
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Drawdown Indicators
| FGBAX | GIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -21.44% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.99% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.24% | -4.94% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.86% | -21.44% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -21.44% | +2.50% |
Current DrawdownCurrent decline from peak | -4.53% | -2.52% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -3.40% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.13% | +0.18% |
Volatility
FGBAX vs. GIBIX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class A (FGBAX) has a higher volatility of 1.08% compared to Guggenheim Total Return Bond Fund (GIBIX) at 0.92%. This indicates that FGBAX's price experiences larger fluctuations and is considered to be riskier than GIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGBAX | GIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.92% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 3.09% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.85% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 5.82% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.78% | +0.22% |
FGBAX vs. GIBIX - Expense Ratio Comparison
FGBAX has a 0.75% expense ratio, which is higher than GIBIX's 0.50% expense ratio.
Dividends
FGBAX vs. GIBIX - Dividend Comparison
FGBAX's dividend yield for the trailing twelve months is around 3.35%, less than GIBIX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBAX Fidelity Advisor Investment Grade Bond Fund Class A | 3.35% | 3.58% | 3.07% | 2.97% | 1.73% | 1.09% | 4.51% | 2.44% | 2.54% | 1.87% | 2.37% | 2.36% |
GIBIX Guggenheim Total Return Bond Fund | 4.77% | 5.03% | 4.71% | 4.44% | 3.08% | 3.36% | 4.80% | 2.38% | 3.25% | 3.38% | 4.68% | 4.39% |
Frequently Asked Questions
With a correlation of 0.95, FGBAX and GIBIX 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.
FGBAX has higher volatility (1.08%) compared to GIBIX (0.92%). In terms of maximum drawdown, FGBAX dropped -18.94% vs GIBIX's -21.44%.
GIBIX currently has the higher Sharpe Ratio (0.74 vs 0.50), 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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