FGBPX vs. FCNVX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FGBPX is managed by Fidelity. It was launched on Aug 27, 2002. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Performance
FGBPX vs. FCNVX - Performance Comparison
Loading graphics...
FGBPX vs. FCNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | -0.23% | 7.16% | 0.89% | 6.08% | -14.07% | -1.15% | 9.99% | 9.63% | -0.39% | 3.85% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.52% | 4.51% | 5.43% | 5.86% | 0.85% | -0.06% | 1.10% | 3.00% | 1.82% | 1.42% |
Returns By Period
In the year-to-date period, FGBPX achieves a -0.23% return, which is significantly lower than FCNVX's 0.52% return. Over the past 10 years, FGBPX has underperformed FCNVX with an annualized return of 2.16%, while FCNVX has yielded a comparatively higher 2.51% annualized return.
FGBPX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.23%
- 6M
- 0.34%
- 1Y
- 3.58%
- 3Y*
- 3.44%
- 5Y*
- 0.07%
- 10Y*
- 2.16%
FCNVX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.54%
- 1Y
- 3.88%
- 3Y*
- 5.02%
- 5Y*
- 3.41%
- 10Y*
- 2.51%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGBPX vs. FCNVX - Expense Ratio Comparison
FGBPX has a 0.49% expense ratio, which is higher than FCNVX's 0.25% expense ratio.
Return for Risk
FGBPX vs. FCNVX — Risk / Return Rank
FGBPX
FCNVX
FGBPX vs. FCNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.
| FGBPX | FCNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 3.18 | -2.32 |
Sortino ratioReturn per unit of downside risk | 1.25 | 14.52 | -13.27 |
Omega ratioGain probability vs. loss probability | 1.15 | 6.34 | -5.19 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 21.58 | -20.02 |
Martin ratioReturn relative to average drawdown | 4.44 | 84.59 | -80.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FGBPX | FCNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 3.18 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 2.69 | -2.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 2.44 | -2.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 2.17 | -1.65 |
Correlation
The correlation between FGBPX and FCNVX is 0.27, 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.
Dividends
FGBPX vs. FCNVX - Dividend Comparison
FGBPX's dividend yield for the trailing twelve months is around 3.53%, less than FCNVX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | 3.53% | 3.83% | 3.29% | 3.19% | 1.92% | 1.32% | 4.76% | 2.71% | 2.82% | 2.12% | 2.67% | 2.61% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 3.91% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
Drawdowns
FGBPX vs. FCNVX - Drawdown Comparison
The maximum FGBPX drawdown since its inception was -18.75%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FGBPX and FCNVX.
Loading graphics...
Drawdown Indicators
| FGBPX | FCNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -2.19% | -16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.20% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -0.59% | -18.16% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -2.19% | -16.56% |
Current DrawdownCurrent decline from peak | -2.85% | -0.10% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -0.05% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.05% | +0.96% |
Volatility
FGBPX vs. FCNVX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) has a higher volatility of 1.55% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.10%. This indicates that FGBPX's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FGBPX | FCNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.10% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 0.81% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 1.28% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 1.27% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 1.03% | +3.95% |