FIKQX vs. PIMIX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and PIMCO Income Fund Institutional Class (PIMIX).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Performance
FIKQX vs. PIMIX - Performance Comparison
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FIKQX vs. PIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | -0.21% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
PIMIX PIMCO Income Fund Institutional Class | -0.99% | 11.08% | 5.45% | 9.36% | -9.07% | 2.62% | 5.84% | 8.10% | 0.92% |
Returns By Period
In the year-to-date period, FIKQX achieves a -0.21% return, which is significantly higher than PIMIX's -0.99% return.
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
PIMIX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -0.99%
- 6M
- 1.34%
- 1Y
- 6.26%
- 3Y*
- 7.33%
- 5Y*
- 3.42%
- 10Y*
- 4.70%
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FIKQX vs. PIMIX - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Return for Risk
FIKQX vs. PIMIX — Risk / Return Rank
FIKQX
PIMIX
FIKQX vs. PIMIX - 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 PIMCO Income Fund Institutional Class (PIMIX). 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.
| FIKQX | PIMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.53 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.37 | 2.20 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.01 | -0.37 |
Martin ratioReturn relative to average drawdown | 4.72 | 7.95 | -3.23 |
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
| FIKQX | PIMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.53 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.72 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.56 | -1.07 |
Correlation
The correlation between FIKQX and PIMIX is 0.72, 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
FIKQX vs. PIMIX - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 3.66%, less than PIMIX's 5.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.66% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
PIMIX PIMCO Income Fund Institutional Class | 5.55% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
Drawdowns
FIKQX vs. PIMIX - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FIKQX and PIMIX.
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Drawdown Indicators
| FIKQX | PIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -13.39% | -5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.69% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -13.34% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.39% | — |
Current DrawdownCurrent decline from peak | -2.16% | -2.88% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -1.69% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.93% | +0.05% |
Volatility
FIKQX vs. PIMIX - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) is 1.48%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.90%. This indicates that FIKQX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKQX | PIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.90% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.67% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 4.29% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 4.75% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 4.20% | +1.31% |