FIKQX vs. JCBUX

Last updated Jun 26, 2026

FIKQX (Fidelity Advisor Investment Grade Bond Fund Class Z) and JCBUX (JPMorgan Core Bond Fund Class R6) are both mutual funds - FIKQX is a Total Bond Market fund managed by Fidelity, while JCBUX is a Intermediate Core Bond fund tracking the Bloomberg U.S. Aggregate Index. Over the past 5 years, FIKQX returned 0.33%/yr vs 0.69%/yr for JCBUX. Their correlation of 0.93 suggests significant overlap in exposure. FIKQX charges 0.36%/yr vs 0.33%/yr for JCBUX.

Performance

FIKQX vs. JCBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and JPMorgan Core Bond Fund Class R6 (JCBUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKQX achieves a 0.66% return, which is significantly lower than JCBUX's 0.90% return.

FIKQX

• 1D: 0.42%
• 1M: 0.89%
• YTD: 0.66%
• 6M: 0.85%
• 1Y: 4.34%
• 3Y*: 4.45%
• 5Y*: 0.33%
• 10Y*: —

JCBUX

• 1D: 0.49%
• 1M: 0.84%
• YTD: 0.90%
• 6M: 0.77%
• 1Y: 4.47%
• 3Y*: 4.51%
• 5Y*: 0.69%
• 10Y*: 2.05%

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

FIKQX vs. JCBUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z	0.66%	7.31%	1.69%	6.75%	-13.97%	-1.03%	10.00%	9.90%	2.01%
JCBUX JPMorgan Core Bond Fund Class R6	0.90%	7.55%	2.25%	5.85%	-12.18%	-0.95%	8.28%	8.59%	2.15%

Correlation

The correlation between FIKQX and JCBUX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.93

The correlation between FIKQX and JCBUX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

FIKQX vs. JCBUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIKQX

FIKQX Risk / Return Rank: 22
FIKQX Sharpe Ratio Rank: 23
FIKQX Sortino Ratio Rank: 24
FIKQX Omega Ratio Rank: 22
FIKQX Calmar Ratio Rank: 21
FIKQX Martin Ratio Rank: 18

JCBUX

JCBUX Risk / Return Rank: 25
JCBUX Sharpe Ratio Rank: 25
JCBUX Sortino Ratio Rank: 27
JCBUX Omega Ratio Rank: 24
JCBUX Calmar Ratio Rank: 25
JCBUX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIKQX vs. JCBUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and JPMorgan Core Bond Fund Class R6 (JCBUX). 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.

	FIKQX	JCBUX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.19	-0.06
Sortino ratio: Return per unit of downside risk	1.71	1.79	-0.08
Omega ratio: Gain probability vs. loss probability	1.20	1.21	-0.01
Calmar ratio: Return relative to maximum drawdown	1.39	1.55	-0.16
Martin ratio: Return relative to average drawdown	3.91	4.27	-0.36

FIKQX vs. JCBUX - Sharpe Ratio Comparison

The current FIKQX Sharpe Ratio is 1.13, which is comparable to the JCBUX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FIKQX and JCBUX, 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

FIKQX vs. JCBUX - Drawdown Comparison

The maximum FIKQX drawdown since its inception was -18.53%, which is greater than JCBUX's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for FIKQX and JCBUX.

Drawdown Indicators

	FIKQX	JCBUX	Difference
Max Drawdown Largest peak-to-trough decline	-18.53%	-16.46%	-2.07%
Max Drawdown (1Y) Largest decline over 1 year	-3.13%	-2.96%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-5.81%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-16.46%	-2.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.46%	—
Current Drawdown Current decline from peak	-1.31%	-1.18%	-0.13%
Average Drawdown Average peak-to-trough decline	-5.19%	-2.29%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.07%	+0.04%

Volatility

FIKQX vs. JCBUX - Volatility Comparison

Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and JPMorgan Core Bond Fund Class R6 (JCBUX) have volatilities of 1.15% and 1.16%, 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

	FIKQX	JCBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	1.16%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	2.90%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.88%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	5.69%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	4.68%	+0.79%

FIKQX vs. JCBUX - Expense Ratio Comparison

FIKQX has a 0.36% expense ratio, which is higher than JCBUX's 0.33% expense ratio.

Dividends

FIKQX vs. JCBUX - Dividend Comparison

FIKQX's dividend yield for the trailing twelve months is around 4.00%, less than JCBUX's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z	4.00%	3.97%	4.08%	3.65%	2.05%	1.44%	4.90%	2.83%	1.07%	0.00%	0.00%	0.00%
JCBUX JPMorgan Core Bond Fund Class R6	4.20%	4.12%	4.12%	3.66%	2.85%	2.98%	4.15%	3.37%	3.06%	3.03%	3.07%	2.77%

Frequently Asked Questions

Can I hold both FIKQX and JCBUX in my portfolio?

With a correlation of 0.92, FIKQX and JCBUX 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, FIKQX or JCBUX?

JCBUX has higher volatility (1.16%) compared to FIKQX (1.15%). In terms of maximum drawdown, FIKQX dropped -18.53% vs JCBUX's -16.46%.

Which has better risk-adjusted returns?

JCBUX currently has the higher Sharpe Ratio (1.19 vs 1.13), 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.