FIKQX vs. SCHZ
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and Schwab U.S. Aggregate Bond ETF (SCHZ).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011.
Performance
FIKQX vs. SCHZ - Performance Comparison
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FIKQX vs. SCHZ - 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 0.13% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | 2.12% |
Returns By Period
In the year-to-date period, FIKQX achieves a -0.21% return, which is significantly lower than SCHZ's 0.13% return.
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
SCHZ
- 1D
- 0.08%
- 1M
- -1.32%
- YTD
- 0.13%
- 6M
- 0.79%
- 1Y
- 4.07%
- 3Y*
- 3.59%
- 5Y*
- 0.21%
- 10Y*
- 1.62%
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FIKQX vs. SCHZ - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
Return for Risk
FIKQX vs. SCHZ — Risk / Return Rank
FIKQX
SCHZ
FIKQX vs. SCHZ - 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 Schwab U.S. Aggregate Bond ETF (SCHZ). 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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.96 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.36 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.79 | -0.15 |
Martin ratioReturn relative to average drawdown | 4.72 | 5.11 | -0.40 |
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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.96 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.04 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.44 | +0.05 |
Correlation
The correlation between FIKQX and SCHZ is 0.91, 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. SCHZ - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 3.66%, less than SCHZ's 4.10% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.10% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Drawdowns
FIKQX vs. SCHZ - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, roughly equal to the maximum SCHZ drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FIKQX and SCHZ.
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Drawdown Indicators
| FIKQX | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -18.74% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.51% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -18.01% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -2.16% | -2.63% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -3.70% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.88% | +0.10% |
Volatility
FIKQX vs. SCHZ - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) is 1.48%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.66%. This indicates that FIKQX experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKQX | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.66% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.50% | +0.08% |
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% | 6.06% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 5.40% | +0.11% |