FIKQX vs. JNK
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and SPDR Barclays High Yield Bond ETF (JNK).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKQX or JNK.
Correlation
The correlation between FIKQX and JNK is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIKQX vs. JNK - Performance Comparison
Key characteristics
FIKQX:
0.26
JNK:
1.66
FIKQX:
0.41
JNK:
2.33
FIKQX:
1.05
JNK:
1.30
FIKQX:
0.11
JNK:
3.07
FIKQX:
0.69
JNK:
11.34
FIKQX:
2.12%
JNK:
0.65%
FIKQX:
5.60%
JNK:
4.43%
FIKQX:
-19.94%
JNK:
-38.48%
FIKQX:
-10.73%
JNK:
-1.24%
Returns By Period
In the year-to-date period, FIKQX achieves a -1.27% return, which is significantly lower than JNK's -0.09% return.
FIKQX
-1.27%
-2.16%
-1.11%
0.49%
-0.52%
N/A
JNK
-0.09%
-0.55%
3.08%
7.18%
2.88%
3.89%
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FIKQX vs. JNK - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is lower than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
FIKQX vs. JNK — Risk-Adjusted Performance Rank
FIKQX
JNK
FIKQX vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and SPDR Barclays High Yield Bond ETF (JNK). 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
FIKQX vs. JNK - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 3.79%, less than JNK's 6.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.79% | 3.75% | 3.64% | 2.75% | 1.66% | 1.94% | 2.84% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.64% | 6.63% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% |
Drawdowns
FIKQX vs. JNK - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -19.94%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FIKQX and JNK. For additional features, visit the drawdowns tool.
Volatility
FIKQX vs. JNK - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) is 1.25%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.62%. This indicates that FIKQX experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.