FIBUX vs. FXNAX
Compare and contrast key facts about Fidelity Flex U.S. Bond Index Fund (FIBUX) and Fidelity U.S. Bond Index Fund (FXNAX).
FIBUX is managed by Fidelity. It was launched on Mar 9, 2017. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIBUX or FXNAX.
Key characteristics
| FIBUX | FXNAX | |
|---|---|---|
| YTD Return | 2.07% | 2.02% |
| 1Y Return | 10.27% | 10.33% |
| 3Y Return (Ann) | -2.26% | -2.26% |
| 5Y Return (Ann) | -0.27% | -0.25% |
| Sharpe Ratio | 1.45 | 1.34 |
| Sortino Ratio | 2.15 | 2.03 |
| Omega Ratio | 1.26 | 1.24 |
| Calmar Ratio | 0.54 | 0.50 |
| Martin Ratio | 5.42 | 4.89 |
| Ulcer Index | 1.59% | 1.61% |
| Daily Std Dev | 6.02% | 5.95% |
| Max Drawdown | -18.76% | -18.64% |
| Current Drawdown | -8.78% | -8.61% |
Correlation
The correlation between FIBUX and FXNAX is 0.98, 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
FIBUX vs. FXNAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FIBUX having a 2.07% return and FXNAX slightly lower at 2.02%. 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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FIBUX vs. FXNAX - Expense Ratio Comparison
FIBUX has a 0.00% expense ratio, which is lower than FXNAX's 0.03% 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
FIBUX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex U.S. Bond Index Fund (FIBUX) 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.
Dividends
FIBUX vs. FXNAX - Dividend Comparison
FIBUX's dividend yield for the trailing twelve months is around 3.17%, more than FXNAX's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIBUX Fidelity Flex U.S. Bond Index Fund | 3.17% | 2.93% | 2.15% | 1.47% | 2.92% | 2.95% | 2.71% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.01% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
Drawdowns
FIBUX vs. FXNAX - Drawdown Comparison
The maximum FIBUX drawdown since its inception was -18.76%, roughly equal to the maximum FXNAX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FIBUX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FIBUX vs. FXNAX - Volatility Comparison
Fidelity Flex U.S. Bond Index Fund (FIBUX) and Fidelity U.S. Bond Index Fund (FXNAX) have volatilities of 1.33% and 1.29%, 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.