FHMFX vs. BSV
Compare and contrast key facts about Fidelity Series Corporate Bond Fund (FHMFX) and Vanguard Short-Term Bond ETF (BSV).
FHMFX is managed by Fidelity. It was launched on Aug 17, 2018. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHMFX or BSV.
Key characteristics
| FHMFX | BSV | |
|---|---|---|
| YTD Return | 0.19% | 0.37% |
| 1Y Return | 5.84% | 2.81% |
| 3Y Return (Ann) | -2.18% | -0.43% |
| 5Y Return (Ann) | 1.65% | 1.16% |
| Sharpe Ratio | 0.92 | 0.94 |
| Daily Std Dev | 7.11% | 2.86% |
| Max Drawdown | -22.27% | -8.54% |
| Current Drawdown | -10.17% | -1.68% |
Correlation
The correlation between FHMFX and BSV is 0.75, 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
FHMFX vs. BSV - Performance Comparison
In the year-to-date period, FHMFX achieves a 0.19% return, which is significantly lower than BSV's 0.37% 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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FHMFX vs. BSV - Expense Ratio Comparison
FHMFX has a 0.00% expense ratio, which is lower than BSV's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHMFX vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Corporate Bond Fund (FHMFX) and Vanguard Short-Term Bond ETF (BSV). 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
FHMFX vs. BSV - Dividend Comparison
FHMFX's dividend yield for the trailing twelve months is around 4.27%, more than BSV's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHMFX Fidelity Series Corporate Bond Fund | 4.27% | 4.05% | 3.53% | 2.87% | 4.02% | 3.91% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 2.83% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% | 1.45% | 1.48% |
Drawdowns
FHMFX vs. BSV - Drawdown Comparison
The maximum FHMFX drawdown since its inception was -22.27%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for FHMFX and BSV. For additional features, visit the drawdowns tool.
Volatility
FHMFX vs. BSV - Volatility Comparison
Fidelity Series Corporate Bond Fund (FHMFX) has a higher volatility of 1.39% compared to Vanguard Short-Term Bond ETF (BSV) at 0.55%. This indicates that FHMFX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.