FIKPX vs. FXNAX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class Z (FIKPX) and Fidelity U.S. Bond Index Fund (FXNAX).
FIKPX is managed by Fidelity. It was launched on Oct 2, 2018. FXNAX is managed by Fidelity.
Performance
FIKPX vs. FXNAX - Performance Comparison
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FIKPX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKPX Fidelity Advisor Government Income Fund Class Z | -0.01% | 6.66% | 0.72% | 3.93% | -13.01% | -2.17% | 6.88% | 6.50% | 3.03% |
FXNAX Fidelity U.S. Bond Index Fund | 0.05% | 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, FIKPX achieves a -0.01% return, which is significantly lower than FXNAX's 0.05% return.
FIKPX
- 1D
- 0.11%
- 1M
- -1.50%
- YTD
- -0.01%
- 6M
- 0.59%
- 1Y
- 3.15%
- 3Y*
- 2.72%
- 5Y*
- -0.35%
- 10Y*
- —
FXNAX
- 1D
- 0.00%
- 1M
- -1.19%
- YTD
- 0.05%
- 6M
- 0.69%
- 1Y
- 4.12%
- 3Y*
- 3.63%
- 5Y*
- 0.16%
- 10Y*
- 1.57%
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FIKPX vs. FXNAX - Expense Ratio Comparison
FIKPX has a 0.36% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Return for Risk
FIKPX vs. FXNAX — Risk / Return Rank
FIKPX
FXNAX
FIKPX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class Z (FIKPX) 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.
| FIKPX | FXNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.93 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.34 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.59 | -0.18 |
Martin ratioReturn relative to average drawdown | 3.72 | 4.47 | -0.74 |
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
| FIKPX | FXNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.93 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.03 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.45 | -0.19 |
Correlation
The correlation between FIKPX and FXNAX is 0.96, 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.
Dividends
FIKPX vs. FXNAX - Dividend Comparison
FIKPX's dividend yield for the trailing twelve months is around 3.21%, less than FXNAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKPX Fidelity Advisor Government Income Fund Class Z | 3.21% | 3.46% | 3.84% | 2.41% | 1.19% | 0.68% | 2.48% | 2.19% | 0.56% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.66% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Drawdowns
FIKPX vs. FXNAX - Drawdown Comparison
The maximum FIKPX drawdown since its inception was -19.71%, roughly equal to the maximum FXNAX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FIKPX and FXNAX.
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Drawdown Indicators
| FIKPX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -19.51% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.71% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -18.54% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.51% | — |
Current DrawdownCurrent decline from peak | -6.41% | -3.23% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -3.87% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.97% | +0.10% |
Volatility
FIKPX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class Z (FIKPX) is 1.40%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.64%. This indicates that FIKPX 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
| FIKPX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.64% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.61% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.35% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 6.04% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.56% | 4.99% | +0.57% |