FIKOX vs. DFTEX

Last updated Aug 1, 2026

FIKOX (Fidelity Advisor Corporate Bond Fund Class Z) and DFTEX (DFA Intermediate-Term Extended Quality Portfolio Fund) are both Corporate Bonds funds. Over the past 5 years, FIKOX returned -0.45%/yr vs -0.05%/yr for DFTEX. Their correlation of 0.95 means they have usually moved in the same direction. FIKOX charges 0.36%/yr vs 0.20%/yr for DFTEX.

Performance

FIKOX vs. DFTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKOX achieves a -0.94% return, which is significantly lower than DFTEX's -0.11% return.

FIKOX

• 1D: 0.10%
• 1M: -1.70%
• 6M: -1.21%
• YTD: -0.94%
• 1Y: 1.60%
• 3Y*: 4.66%
• 5Y*: -0.45%
• 10Y*: —
• ALL TIME*: 2.86%

DFTEX

• 1D: 0.19%
• 1M: -1.36%
• 6M: -0.50%
• YTD: -0.11%
• 1Y: 2.50%
• 3Y*: 5.28%
• 5Y*: -0.05%
• 10Y*: 2.07%
• ALL TIME*: 2.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	$0.00	$0.00	$0.00
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	$0.00	$0.00	$0.00

FIKOX vs. DFTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	-0.94%	7.96%	2.83%	8.64%	-17.06%	-1.60%	10.91%	14.58%	0.53%
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	-0.11%	7.70%	2.89%	9.61%	-16.28%	-2.05%	10.26%	13.38%	1.31%

Correlation

The correlation between FIKOX and DFTEX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.95

The correlation between FIKOX and DFTEX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FIKOX vs. DFTEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIKOX

FIKOX Risk / Return Rank: 16
FIKOX Sharpe Ratio Rank: 17
FIKOX Sortino Ratio Rank: 16
FIKOX Omega Ratio Rank: 15
FIKOX Calmar Ratio Rank: 17
FIKOX Martin Ratio Rank: 17

DFTEX

DFTEX Risk / Return Rank: 23
DFTEX Sharpe Ratio Rank: 23
DFTEX Sortino Ratio Rank: 23
DFTEX Omega Ratio Rank: 22
DFTEX Calmar Ratio Rank: 23
DFTEX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIKOX vs. DFTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX). 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.

	FIKOX	DFTEX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	0.81	-0.15
Sortino ratio: Return per unit of downside risk	0.97	1.20	-0.23
Omega ratio: Gain probability vs. loss probability	1.11	1.14	-0.03
Calmar ratio: Return relative to maximum drawdown	0.85	1.05	-0.19
Martin ratio: Return relative to average drawdown	2.40	3.12	-0.72

FIKOX vs. DFTEX - Sharpe Ratio Comparison

The current FIKOX Sharpe Ratio is 0.66, which is comparable to the DFTEX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FIKOX and DFTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIKOX vs. DFTEX - Drawdown Comparison

The maximum FIKOX drawdown since its inception was -23.22%, roughly equal to the maximum DFTEX drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for FIKOX and DFTEX.

Drawdown Indicators

	FIKOX	DFTEX	Difference
Max Drawdown Largest peak-to-trough decline	-23.22%	-22.83%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-3.22%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-5.52%	-4.50%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-23.22%	-22.83%	-0.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.83%	—
Current Drawdown Current decline from peak	-2.52%	-1.90%	-0.62%
Average Drawdown Average peak-to-trough decline	-6.54%	-4.42%	-2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.08%	+0.06%

Volatility

FIKOX vs. DFTEX - Volatility Comparison

Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) have volatilities of 1.05% and 1.03%, 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.

Volatility by Period

	FIKOX	DFTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.03%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	3.26%	3.26%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	4.17%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	6.69%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	5.88%	+0.61%

FIKOX vs. DFTEX - Expense Ratio Comparison

FIKOX has a 0.36% expense ratio, which is higher than DFTEX's 0.20% expense ratio.

Dividends

FIKOX vs. DFTEX - Dividend Comparison

FIKOX's dividend yield for the trailing twelve months is around 4.06%, less than DFTEX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	5.18%	4.30%	4.27%	3.79%	3.25%	4.12%	3.31%	3.06%	3.24%	2.91%	2.88%	3.90%
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	4.06%	4.20%	4.05%	3.51%	2.62%	2.90%	3.47%	3.37%	0.98%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIKOX and DFTEX in my portfolio?

With a correlation of 0.92, FIKOX and DFTEX 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.

Which is riskier, FIKOX or DFTEX?

FIKOX has higher volatility (1.05%) compared to DFTEX (1.03%). In terms of maximum drawdown, FIKOX dropped -23.22% vs DFTEX's -22.83%.

Which has better risk-adjusted returns?

DFTEX currently has the higher Sharpe Ratio (0.81 vs 0.66), 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.