FIKQX vs. VBTIX
FIKQX (Fidelity Advisor Investment Grade Bond Fund Class Z) and VBTIX (Vanguard Total Bond Market Index Fund Institutional Shares) are both Total Bond Market funds. Over the past 5 years, FIKQX returned 0.33%/yr vs 0.17%/yr for VBTIX. With a 0.95 correlation, they move nearly in lockstep. FIKQX charges 0.36%/yr vs 0.03%/yr for VBTIX.
Performance
FIKQX vs. VBTIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FIKQX having a 0.66% return and VBTIX slightly lower at 0.64%.
FIKQX
- 1D
- 0.42%
- 1M
- 0.89%
- YTD
- 0.66%
- 6M
- 0.85%
- 1Y
- 4.34%
- 3Y*
- 4.45%
- 5Y*
- 0.33%
- 10Y*
- —
VBTIX
- 1D
- 0.42%
- 1M
- 0.86%
- YTD
- 0.64%
- 6M
- 0.77%
- 1Y
- 4.37%
- 3Y*
- 4.13%
- 5Y*
- 0.17%
- 10Y*
- 1.55%
FIKQX vs. VBTIX - 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% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 0.64% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | 2.31% |
Correlation
The correlation between FIKQX and VBTIX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.95 |
The correlation between FIKQX and VBTIX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
FIKQX vs. VBTIX — Risk / Return Rank
FIKQX
VBTIX
FIKQX vs. VBTIX - 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 Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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 | VBTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.52 | -0.13 |
| Martin ratioReturn relative to average drawdown | 3.91 | 4.27 | -0.36 |
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Drawdowns
FIKQX vs. VBTIX - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, roughly equal to the maximum VBTIX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FIKQX and VBTIX.
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Drawdown Indicators
| FIKQX | VBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -18.90% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.89% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -5.99% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -18.13% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.90% | — |
Current DrawdownCurrent decline from peak | -1.31% | -2.05% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -2.32% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.03% | +0.08% |
Volatility
FIKQX vs. VBTIX - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) is 1.15%, while Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) has a volatility of 1.23%. This indicates that FIKQX experiences smaller price fluctuations and is considered to be less risky than VBTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKQX | VBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.23% | -0.08% |
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% | 3.92% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 6.03% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 4.99% | +0.48% |
FIKQX vs. VBTIX - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is higher than VBTIX's 0.03% expense ratio.
Dividends
FIKQX vs. VBTIX - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 4.00%, which matches VBTIX's 3.99% 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% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.99% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
Frequently Asked Questions
With a correlation of 0.94, FIKQX and VBTIX 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.
VBTIX has higher volatility (1.23%) compared to FIKQX (1.15%). In terms of maximum drawdown, FIKQX dropped -18.53% vs VBTIX's -18.90%.
FIKQX currently has the higher Sharpe Ratio (1.13 vs 1.12), 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.
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