FGBFX vs. FXAIX
Compare and contrast key facts about Fidelity Global Credit Fund (FGBFX) and Fidelity 500 Index Fund (FXAIX).
FGBFX is managed by Fidelity. It was launched on May 22, 2012. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGBFX or FXAIX.
Correlation
The correlation between FGBFX and FXAIX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FGBFX vs. FXAIX - Performance Comparison
Key characteristics
FGBFX:
2.41
FXAIX:
1.97
FGBFX:
3.64
FXAIX:
2.64
FGBFX:
1.44
FXAIX:
1.36
FGBFX:
0.66
FXAIX:
2.98
FGBFX:
10.58
FXAIX:
12.34
FGBFX:
1.02%
FXAIX:
2.04%
FGBFX:
4.46%
FXAIX:
12.79%
FGBFX:
-26.12%
FXAIX:
-33.79%
FGBFX:
-7.54%
FXAIX:
0.00%
Returns By Period
In the year-to-date period, FGBFX achieves a 1.77% return, which is significantly lower than FXAIX's 4.11% return. Over the past 10 years, FGBFX has underperformed FXAIX with an annualized return of 1.54%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
FGBFX
1.77%
1.64%
3.08%
10.47%
-0.52%
1.54%
FXAIX
4.11%
2.06%
9.72%
23.78%
14.37%
13.09%
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FGBFX vs. FXAIX - Expense Ratio Comparison
FGBFX has a 0.70% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FGBFX vs. FXAIX — Risk-Adjusted Performance Rank
FGBFX
FXAIX
FGBFX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) and Fidelity 500 Index Fund (FXAIX). 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
FGBFX vs. FXAIX - Dividend Comparison
FGBFX's dividend yield for the trailing twelve months is around 3.61%, more than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBFX Fidelity Global Credit Fund | 3.61% | 3.68% | 3.69% | 5.83% | 2.03% | 2.98% | 2.34% | 2.67% | 1.98% | 2.37% | 3.14% | 2.29% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
FGBFX vs. FXAIX - Drawdown Comparison
The maximum FGBFX drawdown since its inception was -26.12%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FGBFX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FGBFX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Global Credit Fund (FGBFX) is 1.20%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.21%. This indicates that FGBFX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.