FJRLX vs. FIKRX

Last updated Jun 24, 2026

FJRLX (Fidelity Limited Term Bond Fund) and FIKRX (Fidelity Advisor Limited Term Bond Fund Class Z) are both Total Bond Market funds from Fidelity. Over the past 5 years, FJRLX returned 2.10%/yr vs 2.17%/yr for FIKRX. With a 0.98 correlation, they move nearly in lockstep. FJRLX charges 0.45%/yr vs 0.36%/yr for FIKRX.

Performance

FJRLX vs. FIKRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond Fund (FJRLX) and Fidelity Advisor Limited Term Bond Fund Class Z (FIKRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJRLX achieves a 0.36% return, which is significantly lower than FIKRX's 0.39% return.

FJRLX

• 1D: -0.17%
• 1M: 0.26%
• YTD: 0.36%
• 6M: 0.88%
• 1Y: 3.88%
• 3Y*: 5.34%
• 5Y*: 2.10%
• 10Y*: 2.30%

FIKRX

• 1D: -0.17%
• 1M: 0.27%
• YTD: 0.39%
• 6M: 0.90%
• 1Y: 3.93%
• 3Y*: 5.41%
• 5Y*: 2.17%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FJRLX vs. FIKRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJRLX Fidelity Limited Term Bond Fund	0.36%	6.70%	4.62%	6.26%	-6.22%	-1.46%	5.16%	6.04%	0.90%
FIKRX Fidelity Advisor Limited Term Bond Fund Class Z	0.39%	6.75%	4.97%	6.09%	-6.17%	-1.39%	5.26%	6.14%	1.01%

Correlation

The correlation between FJRLX and FIKRX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.98

The correlation between FJRLX and FIKRX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

FJRLX vs. FIKRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FJRLX

FJRLX Risk / Return Rank: 55
FJRLX Sharpe Ratio Rank: 47
FJRLX Sortino Ratio Rank: 69
FJRLX Omega Ratio Rank: 62
FJRLX Calmar Ratio Rank: 47
FJRLX Martin Ratio Rank: 47

FIKRX

FIKRX Risk / Return Rank: 55
FIKRX Sharpe Ratio Rank: 47
FIKRX Sortino Ratio Rank: 70
FIKRX Omega Ratio Rank: 61
FIKRX Calmar Ratio Rank: 48
FIKRX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FJRLX vs. FIKRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond Fund (FJRLX) and Fidelity Advisor Limited Term Bond Fund Class Z (FIKRX). 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.

	FJRLX	FIKRX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.87	0.00
Sortino ratio: Return per unit of downside risk	3.15	3.18	-0.03
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	2.51	2.54	-0.03
Martin ratio: Return relative to average drawdown	9.30	9.39	-0.10

FJRLX vs. FIKRX - Sharpe Ratio Comparison

The current FJRLX Sharpe Ratio is 1.87, which is comparable to the FIKRX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FJRLX and FIKRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FJRLX vs. FIKRX - Drawdown Comparison

The maximum FJRLX drawdown since its inception was -9.89%, roughly equal to the maximum FIKRX drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for FJRLX and FIKRX.

Drawdown Indicators

	FJRLX	FIKRX	Difference
Max Drawdown Largest peak-to-trough decline	-9.89%	-9.79%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	-1.63%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-1.63%	-1.63%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-9.71%	-9.64%	-0.07%
Max Drawdown (10Y) Largest decline over 10 years	-9.89%	—	—
Current Drawdown Current decline from peak	-0.61%	-0.59%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.34%	-1.89%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.44%	0.00%

Volatility

FJRLX vs. FIKRX - Volatility Comparison

Fidelity Limited Term Bond Fund (FJRLX) and Fidelity Advisor Limited Term Bond Fund Class Z (FIKRX) have volatilities of 0.80% and 0.79%, 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.

Volatility by Period

	FJRLX	FIKRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	0.79%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.71%	1.73%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	2.18%	2.21%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.77%	2.79%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.41%	2.66%	-0.25%

FJRLX vs. FIKRX - Expense Ratio Comparison

FJRLX has a 0.45% expense ratio, which is higher than FIKRX's 0.36% expense ratio.

Dividends

FJRLX vs. FIKRX - Dividend Comparison

FJRLX's dividend yield for the trailing twelve months is around 4.09%, less than FIKRX's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKRX Fidelity Advisor Limited Term Bond Fund Class Z	4.14%	3.98%	3.41%	2.22%	1.31%	1.33%	2.48%	2.53%	0.64%	0.00%	0.00%	0.00%
FJRLX Fidelity Limited Term Bond Fund	4.09%	3.93%	3.08%	2.38%	1.26%	1.25%	2.38%	2.44%	2.29%	1.79%	1.88%	1.60%

Frequently Asked Questions

Can I hold both FJRLX and FIKRX in my portfolio?

With a correlation of 0.97, FJRLX and FIKRX 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.

Which is riskier, FJRLX or FIKRX?

FJRLX has higher volatility (0.80%) compared to FIKRX (0.79%). In terms of maximum drawdown, FJRLX dropped -9.89% vs FIKRX's -9.79%.

Which has better risk-adjusted returns?

FIKRX currently has the higher Sharpe Ratio (1.87 vs 1.87), 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.