FGBCX vs. NWJJX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) and Nationwide Loomis Core Bond Fund (NWJJX).
FGBCX is managed by Fidelity. It was launched on Aug 27, 2002. NWJJX is managed by Nationwide. It was launched on Feb 15, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGBCX or NWJJX.
Correlation
The correlation between FGBCX and NWJJX is 0.90, 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
FGBCX vs. NWJJX - Performance Comparison
Key characteristics
FGBCX:
0.66
NWJJX:
0.94
FGBCX:
0.98
NWJJX:
1.39
FGBCX:
1.12
NWJJX:
1.17
FGBCX:
0.20
NWJJX:
0.30
FGBCX:
1.56
NWJJX:
2.40
FGBCX:
2.25%
NWJJX:
2.06%
FGBCX:
5.31%
NWJJX:
5.27%
FGBCX:
-21.89%
NWJJX:
-21.82%
FGBCX:
-12.73%
NWJJX:
-11.26%
Returns By Period
The year-to-date returns for both stocks are quite close, with FGBCX having a 1.23% return and NWJJX slightly lower at 1.21%. Over the past 10 years, FGBCX has underperformed NWJJX with an annualized return of 0.50%, while NWJJX has yielded a comparatively higher 0.83% annualized return.
FGBCX
1.23%
1.37%
-1.29%
3.94%
-1.40%
0.50%
NWJJX
1.21%
1.32%
-0.67%
5.28%
-1.27%
0.83%
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FGBCX vs. NWJJX - Expense Ratio Comparison
FGBCX has a 1.53% expense ratio, which is higher than NWJJX's 0.73% expense ratio.
Risk-Adjusted Performance
FGBCX vs. NWJJX — Risk-Adjusted Performance Rank
FGBCX
NWJJX
FGBCX vs. NWJJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) and Nationwide Loomis Core Bond Fund (NWJJX). 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
FGBCX vs. NWJJX - Dividend Comparison
FGBCX's dividend yield for the trailing twelve months is around 2.88%, less than NWJJX's 4.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBCX Fidelity Advisor Investment Grade Bond Fund Class C | 2.88% | 2.91% | 2.50% | 1.60% | 0.50% | 0.78% | 1.68% | 1.75% | 1.00% | 1.41% | 1.82% | 1.53% |
NWJJX Nationwide Loomis Core Bond Fund | 4.08% | 4.10% | 3.27% | 2.31% | 1.38% | 1.79% | 2.64% | 2.54% | 2.15% | 2.18% | 2.25% | 2.75% |
Drawdowns
FGBCX vs. NWJJX - Drawdown Comparison
The maximum FGBCX drawdown since its inception was -21.89%, roughly equal to the maximum NWJJX drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for FGBCX and NWJJX. For additional features, visit the drawdowns tool.
Volatility
FGBCX vs. NWJJX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) has a higher volatility of 1.46% compared to Nationwide Loomis Core Bond Fund (NWJJX) at 1.39%. This indicates that FGBCX's price experiences larger fluctuations and is considered to be riskier than NWJJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.