Correlation
The correlation between FGBCX and NWJJX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
FGBCX vs. NWJJX - Performance Comparison
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Key characteristics
FGBCX:
0.89
NWJJX:
1.05
FGBCX:
1.18
NWJJX:
1.38
FGBCX:
1.14
NWJJX:
1.16
FGBCX:
0.33
NWJJX:
0.47
FGBCX:
1.80
NWJJX:
2.32
FGBCX:
2.36%
NWJJX:
2.13%
FGBCX:
5.38%
NWJJX:
5.37%
FGBCX:
-19.53%
NWJJX:
-18.38%
FGBCX:
-9.48%
NWJJX:
-6.22%
Returns By Period
In the year-to-date period, FGBCX achieves a 1.92% return, which is significantly higher than NWJJX's 1.82% return. Over the past 10 years, FGBCX has underperformed NWJJX with an annualized return of 0.97%, while NWJJX has yielded a comparatively higher 1.64% annualized return.
FGBCX
1.92%
-0.97%
0.34%
4.80%
0.72%
-1.31%
0.97%
NWJJX
1.82%
-1.05%
0.48%
5.65%
1.53%
-0.60%
1.64%
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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.
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Dividends
FGBCX vs. NWJJX - Dividend Comparison
FGBCX's dividend yield for the trailing twelve months is around 2.87%, less than NWJJX's 4.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBCX Fidelity Advisor Investment Grade Bond Fund Class C | 2.87% | 2.91% | 2.50% | 1.60% | 0.55% | 3.73% | 1.68% | 1.75% | 1.00% | 1.41% | 1.82% | 1.53% |
NWJJX Nationwide Loomis Core Bond Fund | 4.13% | 4.11% | 3.71% | 2.48% | 2.38% | 5.16% | 3.30% | 2.59% | 2.15% | 3.11% | 2.42% | 3.43% |
Drawdowns
FGBCX vs. NWJJX - Drawdown Comparison
The maximum FGBCX drawdown since its inception was -19.53%, which is greater than NWJJX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for FGBCX and NWJJX.
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Volatility
FGBCX vs. NWJJX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class C (FGBCX) and Nationwide Loomis Core Bond Fund (NWJJX) have volatilities of 1.42% and 1.38%, 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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