FGBYX vs. VTIIX

Last updated Jul 2, 2026

FGBYX (Fidelity Advisor Global Credit Fund Class C) and VTIIX (Vanguard Total International Bond II Index Fund Investor Class) are both Global Bonds funds. A 0.75 correlation means they provide meaningful diversification when combined. FGBYX charges 1.70%/yr vs 0.11%/yr for VTIIX.

Performance

FGBYX vs. VTIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Global Credit Fund Class C (FGBYX) and Vanguard Total International Bond II Index Fund Investor Class (VTIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGBYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTIIX

• 1D: -0.23%
• 1M: 0.57%
• YTD: 1.24%
• 6M: 1.24%
• 1Y: 2.15%
• 3Y*: 4.30%
• 5Y*: 0.39%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGBYX vs. VTIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FGBYX Fidelity Advisor Global Credit Fund Class C	0.00%	6.94%	7.36%	5.92%	-20.47%	0.92%
VTIIX Vanguard Total International Bond II Index Fund Investor Class	1.24%	2.95%	3.82%	8.72%	-13.03%	-0.52%

Correlation

The correlation between FGBYX and VTIIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021	0.75

Over the past year, the correlation between FGBYX and VTIIX has dropped to 0.35 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

FGBYX vs. VTIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGBYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VTIIX

VTIIX Risk / Return Rank: 11
VTIIX Sharpe Ratio Rank: 12
VTIIX Sortino Ratio Rank: 11
VTIIX Omega Ratio Rank: 11
VTIIX Calmar Ratio Rank: 10
VTIIX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGBYX vs. VTIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Credit Fund Class C (FGBYX) and Vanguard Total International Bond II Index Fund Investor Class (VTIIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FGBYX	VTIIX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.71	—
Sortino ratio: Return per unit of downside risk	—	1.03	—
Omega ratio: Gain probability vs. loss probability	—	1.13	—
Calmar ratio: Return relative to maximum drawdown	—	0.77	—
Martin ratio: Return relative to average drawdown	—	2.09	—

Drawdowns

Drawdown Indicators

	FGBYX	VTIIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-15.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.95%	—
Current Drawdown Current decline from peak	—	-0.68%	—
Average Drawdown Average peak-to-trough decline	—	-5.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.09%	—

Volatility

Volatility by Period

	FGBYX	VTIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.22%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.43%	—

FGBYX vs. VTIIX - Expense Ratio Comparison

FGBYX has a 1.70% expense ratio, which is higher than VTIIX's 0.11% expense ratio.

Dividends

FGBYX vs. VTIIX - Dividend Comparison

FGBYX's dividend yield for the trailing twelve months is around 1.39%, less than VTIIX's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGBYX Fidelity Advisor Global Credit Fund Class C	1.39%	2.35%	2.71%	2.71%	5.37%	1.53%	2.76%	2.71%	1.47%	1.00%	2.13%	1.66%
VTIIX Vanguard Total International Bond II Index Fund Investor Class	4.07%	4.21%	4.46%	4.16%	0.89%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGBYX and VTIIX in my portfolio?

FGBYX and VTIIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.