FIKQX vs. VTBNX
FIKQX (Fidelity Advisor Investment Grade Bond Fund Class Z) and VTBNX (Vanguard Total Bond Market II Index Fund) are both Total Bond Market funds. Over the past 5 years, FIKQX returned 0.33%/yr vs 0.16%/yr for VTBNX. With a 0.95 correlation, they move nearly in lockstep. FIKQX charges 0.36%/yr vs 0.02%/yr for VTBNX.
Performance
FIKQX vs. VTBNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIKQX achieves a 0.66% return, which is significantly higher than VTBNX's 0.54% return.
FIKQX
- 1D
- 0.42%
- 1M
- 0.89%
- YTD
- 0.66%
- 6M
- 0.85%
- 1Y
- 4.34%
- 3Y*
- 4.45%
- 5Y*
- 0.33%
- 10Y*
- —
VTBNX
- 1D
- 0.42%
- 1M
- 0.77%
- YTD
- 0.54%
- 6M
- 0.77%
- 1Y
- 4.33%
- 3Y*
- 4.08%
- 5Y*
- 0.16%
- 10Y*
- 1.52%
FIKQX vs. VTBNX - 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% |
VTBNX Vanguard Total Bond Market II Index Fund | 0.54% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | 2.42% |
Correlation
The correlation between FIKQX and VTBNX is 0.95, 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 | 0.95 |
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 VTBNX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIKQX vs. VTBNX — Risk / Return Rank
FIKQX
VTBNX
FIKQX vs. VTBNX - 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 II Index Fund (VTBNX). 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 | VTBNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.54 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.91 | 4.27 | -0.36 |
Loading charts...
Drawdowns
FIKQX vs. VTBNX - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, roughly equal to the maximum VTBNX drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for FIKQX and VTBNX.
Loading charts...
Drawdown Indicators
| FIKQX | VTBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -18.71% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.83% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -5.97% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -18.05% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.71% | — |
Current DrawdownCurrent decline from peak | -1.31% | -2.00% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.86% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.02% | +0.09% |
Volatility
FIKQX vs. VTBNX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and Vanguard Total Bond Market II Index Fund (VTBNX) have volatilities of 1.15% and 1.19%, 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.
Loading charts...
Volatility by Period
| FIKQX | VTBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 2.89% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.89% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 5.96% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 4.93% | +0.54% |
FIKQX vs. VTBNX - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is higher than VTBNX's 0.02% expense ratio.
Dividends
FIKQX vs. VTBNX - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 4.00%, less than VTBNX's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTBNX Vanguard Total Bond Market II Index Fund | 4.05% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% |
Frequently Asked Questions
With a correlation of 0.95, FIKQX and VTBNX 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.
VTBNX has higher volatility (1.19%) compared to FIKQX (1.15%). In terms of maximum drawdown, FIKQX dropped -18.53% vs VTBNX's -18.71%.
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.
Find the right allocation for FIKQX and VTBNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer