FGMNX vs. CLDAX
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Calvert Core Bond Fund (CLDAX).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. CLDAX is managed by Calvert Research and Management. It was launched on Dec 30, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGMNX or CLDAX.
Correlation
The correlation between FGMNX and CLDAX is 0.71, 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
FGMNX vs. CLDAX - Performance Comparison
Key characteristics
FGMNX:
0.17
CLDAX:
0.47
FGMNX:
0.27
CLDAX:
0.68
FGMNX:
1.03
CLDAX:
1.08
FGMNX:
0.09
CLDAX:
0.13
FGMNX:
0.48
CLDAX:
1.35
FGMNX:
2.04%
CLDAX:
1.87%
FGMNX:
5.85%
CLDAX:
5.42%
FGMNX:
-16.62%
CLDAX:
-23.91%
FGMNX:
-7.29%
CLDAX:
-14.78%
Returns By Period
In the year-to-date period, FGMNX achieves a 0.59% return, which is significantly lower than CLDAX's 1.57% return. Over the past 10 years, FGMNX has underperformed CLDAX with an annualized return of 0.68%, while CLDAX has yielded a comparatively higher 1.88% annualized return.
FGMNX
0.59%
-0.60%
0.51%
1.59%
-0.66%
0.68%
CLDAX
1.57%
-0.08%
1.49%
2.39%
-0.57%
1.88%
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FGMNX vs. CLDAX - Expense Ratio Comparison
FGMNX has a 0.45% expense ratio, which is lower than CLDAX's 0.74% expense ratio.
Risk-Adjusted Performance
FGMNX vs. CLDAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) and Calvert Core Bond Fund (CLDAX). 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
FGMNX vs. CLDAX - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 3.29%, less than CLDAX's 4.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 3.29% | 3.45% | 1.99% | 0.74% | 1.61% | 2.46% | 2.19% | 2.18% | 2.08% | 2.41% | 2.12% | 2.48% |
CLDAX Calvert Core Bond Fund | 4.51% | 3.87% | 2.19% | 1.39% | 2.53% | 3.05% | 3.62% | 3.03% | 3.13% | 2.85% | 3.00% | 3.58% |
Drawdowns
FGMNX vs. CLDAX - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.62%, smaller than the maximum CLDAX drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for FGMNX and CLDAX. For additional features, visit the drawdowns tool.
Volatility
FGMNX vs. CLDAX - Volatility Comparison
Fidelity GNMA Fund (FGMNX) and Calvert Core Bond Fund (CLDAX) have volatilities of 1.61% and 1.57%, 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.