FGBFX vs. FBIIX
Compare and contrast key facts about Fidelity Global Credit Fund (FGBFX) and Fidelity International Bond Index Fund (FBIIX).
FGBFX is managed by Fidelity. It was launched on May 22, 2012. FBIIX is managed by Fidelity. It was launched on Oct 10, 2019.
Performance
FGBFX vs. FBIIX - Performance Comparison
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FGBFX vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGBFX Fidelity Global Credit Fund | 0.00% | 7.82% | 8.41% | 7.14% | -19.74% | -0.53% | 8.25% | 1.01% |
FBIIX Fidelity International Bond Index Fund | -0.22% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
Returns By Period
FGBFX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBIIX
- 1D
- 0.33%
- 1M
- -1.82%
- YTD
- -0.22%
- 6M
- 0.24%
- 1Y
- 2.55%
- 3Y*
- 3.94%
- 5Y*
- 0.52%
- 10Y*
- —
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FGBFX vs. FBIIX - Expense Ratio Comparison
FGBFX has a 0.70% expense ratio, which is higher than FBIIX's 0.06% expense ratio.
Return for Risk
FGBFX vs. FBIIX — Risk / Return Rank
FGBFX
FBIIX
FGBFX vs. FBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) and Fidelity International Bond Index Fund (FBIIX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FGBFX | FBIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.99 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.19 | — |
Correlation
The correlation between FGBFX and FBIIX is 0.72, 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.
Dividends
FGBFX vs. FBIIX - Dividend Comparison
FGBFX's dividend yield for the trailing twelve months is around 3.04%, less than FBIIX's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBFX Fidelity Global Credit Fund | 3.04% | 3.04% | 3.68% | 3.69% | 6.53% | 2.53% | 3.69% | 3.73% | 2.67% | 1.98% | 2.98% | 2.72% |
FBIIX Fidelity International Bond Index Fund | 4.10% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGBFX vs. FBIIX - Drawdown Comparison
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Drawdown Indicators
| FGBFX | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -13.79% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.74% | — |
Current DrawdownCurrent decline from peak | — | -2.14% | — |
Average DrawdownAverage peak-to-trough decline | — | -4.18% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.65% | — |
Volatility
FGBFX vs. FBIIX - Volatility Comparison
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Volatility by Period
| FGBFX | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 2.71% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 3.50% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 3.39% | — |