FHMFX vs. VICSX
FHMFX (Fidelity Series Corporate Bond Fund) and VICSX (Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 5 years, FHMFX returned -0.24%/yr vs 0.69%/yr for VICSX. Their correlation of 0.94 means they have usually moved in the same direction. FHMFX charges 0.00%/yr vs 0.06%/yr for VICSX.
Performance
FHMFX vs. VICSX - Performance Comparison
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Returns By Period
In the year-to-date period, FHMFX achieves a -1.00% return, which is significantly lower than VICSX's -0.69% return.
FHMFX
- 1D
- -0.22%
- 1M
- -1.93%
- 6M
- -1.30%
- YTD
- -1.00%
- 1Y
- 1.62%
- 3Y*
- 5.20%
- 5Y*
- -0.24%
- 10Y*
- —
- ALL TIME*
- 2.76%
VICSX
- 1D
- -0.18%
- 1M
- -1.22%
- 6M
- -0.77%
- YTD
- -0.69%
- 1Y
- 2.22%
- 3Y*
- 5.90%
- 5Y*
- 0.69%
- 10Y*
- 2.67%
- ALL TIME*
- 4.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHMFX vs. VICSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHMFX Fidelity Series Corporate Bond Fund | -1.00% | 8.18% | 3.13% | 9.11% | -17.03% | -1.41% | 10.15% | 14.45% | -0.24% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | -0.69% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -0.08% |
Correlation
The correlation between FHMFX and VICSX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.94 |
The correlation between FHMFX and VICSX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FHMFX vs. VICSX — Risk / Return Rank
FHMFX
VICSX
FHMFX vs. VICSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Corporate Bond Fund (FHMFX) and Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX). 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.
| FHMFX | VICSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.01 | -0.31 |
| Martin ratioReturn relative to average drawdown | 1.99 | 2.79 | -0.80 |
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Drawdowns
FHMFX vs. VICSX - Drawdown Comparison
The maximum FHMFX drawdown since its inception was -22.95%, which is greater than VICSX's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for FHMFX and VICSX.
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Drawdown Indicators
| FHMFX | VICSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -20.53% | -2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -2.98% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -5.22% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -20.30% | -2.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.53% | — |
Current DrawdownCurrent decline from peak | -2.68% | -2.20% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -3.14% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.08% | +0.06% |
Volatility
FHMFX vs. VICSX - Volatility Comparison
Fidelity Series Corporate Bond Fund (FHMFX) has a higher volatility of 1.09% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) at 1.03%. This indicates that FHMFX's price experiences larger fluctuations and is considered to be riskier than VICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHMFX | VICSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.03% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.11% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 3.90% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 6.17% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 5.34% | +1.13% |
FHMFX vs. VICSX - Expense Ratio Comparison
FHMFX has a 0.00% expense ratio, which is lower than VICSX's 0.06% 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%.
Dividends
FHMFX vs. VICSX - Dividend Comparison
FHMFX's dividend yield for the trailing twelve months is around 4.54%, more than VICSX's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHMFX Fidelity Series Corporate Bond Fund | 4.54% | 4.70% | 4.52% | 4.07% | 2.65% | 2.42% | 3.05% | 3.90% | 1.49% | 0.00% | 0.00% | 0.00% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.43% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
Frequently Asked Questions
With a correlation of 0.94, FHMFX and VICSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FHMFX has higher volatility (1.09%) compared to VICSX (1.03%). In terms of maximum drawdown, FHMFX dropped -22.95% vs VICSX's -20.53%.
VICSX currently has the higher Sharpe Ratio (0.77 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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