Correlation
The correlation between FHIFX and FXNAX is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FHIFX vs. FXNAX
Compare and contrast key facts about Fidelity Focused High Income Fund (FHIFX) and Fidelity U.S. Bond Index Fund (FXNAX).
FHIFX is managed by Fidelity. It was launched on Sep 8, 2004. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIFX or FXNAX.
Performance
FHIFX vs. FXNAX - Performance Comparison
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Key characteristics
FHIFX:
2.29
FXNAX:
1.08
FHIFX:
3.01
FXNAX:
1.44
FHIFX:
1.49
FXNAX:
1.17
FHIFX:
2.25
FXNAX:
0.45
FHIFX:
9.32
FXNAX:
2.34
FHIFX:
0.76%
FXNAX:
2.20%
FHIFX:
3.37%
FXNAX:
5.33%
FHIFX:
-27.06%
FXNAX:
-18.64%
FHIFX:
-0.12%
FXNAX:
-7.07%
Returns By Period
In the year-to-date period, FHIFX achieves a 2.25% return, which is significantly higher than FXNAX's 2.08% return. Over the past 10 years, FHIFX has outperformed FXNAX with an annualized return of 3.71%, while FXNAX has yielded a comparatively lower 1.52% annualized return.
FHIFX
2.25%
0.87%
1.96%
7.76%
4.97%
3.44%
3.71%
FXNAX
2.08%
-1.06%
0.71%
5.78%
1.37%
-1.02%
1.52%
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FHIFX vs. FXNAX - Expense Ratio Comparison
FHIFX has a 0.75% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FHIFX vs. FXNAX — Risk-Adjusted Performance Rank
FHIFX
FXNAX
FHIFX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused High Income Fund (FHIFX) 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.
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Dividends
FHIFX vs. FXNAX - Dividend Comparison
FHIFX's dividend yield for the trailing twelve months is around 4.96%, more than FXNAX's 3.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIFX Fidelity Focused High Income Fund | 4.96% | 4.85% | 4.36% | 4.46% | 3.65% | 3.82% | 4.25% | 5.01% | 4.19% | 4.48% | 4.83% | 7.91% |
FXNAX Fidelity U.S. Bond Index Fund | 3.47% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
FHIFX vs. FXNAX - Drawdown Comparison
The maximum FHIFX drawdown since its inception was -27.06%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FHIFX and FXNAX.
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Volatility
FHIFX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Focused High Income Fund (FHIFX) is 0.74%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.47%. This indicates that FHIFX 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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