FIJBX vs. FXNAX
Compare and contrast key facts about Fidelity Advisor California Municipal Income Fund Class Z (FIJBX) and Fidelity U.S. Bond Index Fund (FXNAX).
FIJBX is managed by Fidelity. It was launched on Oct 2, 2018. FXNAX is managed by Fidelity.
Performance
FIJBX vs. FXNAX - Performance Comparison
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FIJBX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIJBX Fidelity Advisor California Municipal Income Fund Class Z | -0.82% | 5.78% | 2.00% | 6.18% | -9.60% | 1.42% | 4.53% | 7.63% | 2.55% |
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 2.64% |
Returns By Period
In the year-to-date period, FIJBX achieves a -0.82% return, which is significantly lower than FXNAX's -0.26% return.
FIJBX
- 1D
- 0.33%
- 1M
- -2.70%
- YTD
- -0.82%
- 6M
- 0.77%
- 1Y
- 4.29%
- 3Y*
- 3.43%
- 5Y*
- 0.98%
- 10Y*
- —
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
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FIJBX vs. FXNAX - Expense Ratio Comparison
FIJBX has a 0.42% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Return for Risk
FIJBX vs. FXNAX — Risk / Return Rank
FIJBX
FXNAX
FIJBX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor California Municipal Income Fund Class Z (FIJBX) 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.
| FIJBX | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.93 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.33 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.66 | -0.57 |
Martin ratioReturn relative to average drawdown | 3.90 | 4.68 | -0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIJBX | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.93 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.02 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.45 | +0.11 |
Correlation
The correlation between FIJBX and FXNAX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FIJBX vs. FXNAX - Dividend Comparison
FIJBX's dividend yield for the trailing twelve months is around 3.03%, less than FXNAX's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIJBX Fidelity Advisor California Municipal Income Fund Class Z | 3.03% | 3.90% | 2.88% | 2.46% | 1.69% | 2.31% | 2.82% | 2.85% | 0.76% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
FIJBX vs. FXNAX - Drawdown Comparison
The maximum FIJBX drawdown since its inception was -14.03%, smaller than the maximum FXNAX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FIJBX and FXNAX.
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Drawdown Indicators
| FIJBX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -19.51% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -2.71% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.03% | -18.54% | +4.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.51% | — |
Current DrawdownCurrent decline from peak | -3.01% | -3.53% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -3.87% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.96% | +0.43% |
Volatility
FIJBX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Advisor California Municipal Income Fund Class Z (FIJBX) is 1.32%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.55%. This indicates that FIJBX 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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Volatility by Period
| FIJBX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.55% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 2.58% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 4.35% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 6.04% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 4.99% | -0.51% |