FGBPX vs. FXNAX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Fidelity U.S. Bond Index Fund (FXNAX).
FGBPX is managed by Fidelity. It was launched on Aug 27, 2002. FXNAX is managed by Fidelity.
Performance
FGBPX vs. FXNAX - Performance Comparison
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FGBPX vs. FXNAX - 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% |
FXNAX Fidelity U.S. Bond Index Fund | 0.05% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Returns By Period
In the year-to-date period, FGBPX achieves a -0.23% return, which is significantly lower than FXNAX's 0.05% return. Over the past 10 years, FGBPX has outperformed FXNAX with an annualized return of 2.16%, while FXNAX has yielded a comparatively lower 1.57% 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%
FXNAX
- 1D
- 0.00%
- 1M
- -1.19%
- YTD
- 0.05%
- 6M
- 0.69%
- 1Y
- 4.12%
- 3Y*
- 3.63%
- 5Y*
- 0.16%
- 10Y*
- 1.57%
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FGBPX vs. FXNAX - Expense Ratio Comparison
FGBPX has a 0.49% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Return for Risk
FGBPX vs. FXNAX — Risk / Return Rank
FGBPX
FXNAX
FGBPX vs. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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 | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.93 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.34 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.59 | -0.03 |
Martin ratioReturn relative to average drawdown | 4.44 | 4.47 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGBPX | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.93 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.03 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.32 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.45 | +0.06 |
Correlation
The correlation between FGBPX and FXNAX is 0.94, 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
FGBPX vs. FXNAX - Dividend Comparison
FGBPX's dividend yield for the trailing twelve months is around 3.53%, less than FXNAX's 3.66% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.66% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
FGBPX vs. FXNAX - Drawdown Comparison
The maximum FGBPX drawdown since its inception was -18.75%, roughly equal to the maximum FXNAX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FGBPX and FXNAX.
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Drawdown Indicators
| FGBPX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -19.51% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.71% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -18.54% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -19.51% | +0.76% |
Current DrawdownCurrent decline from peak | -2.85% | -3.23% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -3.87% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.97% | +0.04% |
Volatility
FGBPX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) is 1.55%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.64%. This indicates that FGBPX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGBPX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.64% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.61% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 4.35% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 6.04% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.99% | -0.01% |