FGBPX vs. NOCBX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Northern Core Bond Fund (NOCBX).
FGBPX is managed by Fidelity. It was launched on Aug 27, 2002. NOCBX is managed by Northern Funds. It was launched on Mar 29, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGBPX or NOCBX.
Key characteristics
| FGBPX | NOCBX | |
|---|---|---|
| YTD Return | 2.89% | 2.37% |
| 1Y Return | 9.40% | 9.32% |
| 3Y Return (Ann) | -2.11% | -2.41% |
| 5Y Return (Ann) | 0.17% | -0.34% |
| 10Y Return (Ann) | 1.69% | 1.11% |
| Sharpe Ratio | 1.37 | 1.38 |
| Sortino Ratio | 2.03 | 1.98 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 0.49 | 0.49 |
| Martin Ratio | 4.95 | 5.15 |
| Ulcer Index | 1.61% | 1.61% |
| Daily Std Dev | 5.98% | 6.03% |
| Max Drawdown | -20.21% | -20.21% |
| Current Drawdown | -9.01% | -9.15% |
Correlation
The correlation between FGBPX and NOCBX is 0.88, 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.
Performance
FGBPX vs. NOCBX - Performance Comparison
In the year-to-date period, FGBPX achieves a 2.89% return, which is significantly higher than NOCBX's 2.37% return. Over the past 10 years, FGBPX has outperformed NOCBX with an annualized return of 1.69%, while NOCBX has yielded a comparatively lower 1.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FGBPX vs. NOCBX - Expense Ratio Comparison
FGBPX has a 0.49% expense ratio, which is higher than NOCBX's 0.42% expense ratio.
Risk-Adjusted Performance
FGBPX vs. NOCBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Northern Core Bond Fund (NOCBX). 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
FGBPX vs. NOCBX - Dividend Comparison
FGBPX's dividend yield for the trailing twelve months is around 3.83%, less than NOCBX's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | 3.83% | 3.48% | 2.59% | 1.52% | 1.80% | 2.72% | 2.82% | 2.12% | 2.45% | 2.86% | 2.48% | 2.31% |
NOCBX Northern Core Bond Fund | 4.06% | 3.64% | 2.87% | 1.72% | 1.97% | 2.67% | 3.06% | 2.90% | 2.19% | 2.40% | 2.17% | 2.63% |
Drawdowns
FGBPX vs. NOCBX - Drawdown Comparison
The maximum FGBPX drawdown since its inception was -20.21%, roughly equal to the maximum NOCBX drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for FGBPX and NOCBX. For additional features, visit the drawdowns tool.
Volatility
FGBPX vs. NOCBX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) and Northern Core Bond Fund (NOCBX) have volatilities of 1.76% and 1.71%, 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.