FJRLX vs. FTBFX
FJRLX (Fidelity Limited Term Bond Fund) and FTBFX (Fidelity Total Bond Fund) are both mutual funds - FJRLX is a Total Bond Market fund managed by Fidelity, while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, FJRLX returned 2.34%/yr vs 2.46%/yr for FTBFX. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
FJRLX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, FJRLX achieves a 0.54% return, which is significantly lower than FTBFX's 0.57% return. Over the past 10 years, FJRLX has underperformed FTBFX with an annualized return of 2.34%, while FTBFX has yielded a comparatively higher 2.46% annualized return.
FJRLX
- 1D
- 0.17%
- 1M
- 0.44%
- YTD
- 0.54%
- 6M
- 0.96%
- 1Y
- 4.24%
- 3Y*
- 5.43%
- 5Y*
- 2.13%
- 10Y*
- 2.34%
FTBFX
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.57%
- 6M
- 0.92%
- 1Y
- 5.08%
- 3Y*
- 4.76%
- 5Y*
- 0.58%
- 10Y*
- 2.46%
FJRLX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJRLX Fidelity Limited Term Bond Fund | 0.54% | 6.70% | 4.62% | 6.26% | -6.22% | -1.46% | 5.16% | 6.04% | 0.71% | 1.89% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between FJRLX and FTBFX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.83 |
The correlation between FJRLX and FTBFX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
FJRLX vs. FTBFX — Risk / Return Rank
FJRLX
FTBFX
FJRLX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond Fund (FJRLX) and Fidelity Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.76 | +0.86 |
| Martin ratioReturn relative to average drawdown | 9.75 | 5.10 | +4.64 |
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Drawdowns
FJRLX vs. FTBFX - Drawdown Comparison
The maximum FJRLX drawdown since its inception was -9.89%, smaller than the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FJRLX and FTBFX.
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Drawdown Indicators
| FJRLX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.89% | -18.25% | +8.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -2.89% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.63% | -5.82% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -9.71% | -18.25% | +8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -9.89% | -18.25% | +8.36% |
Current DrawdownCurrent decline from peak | -0.43% | -1.31% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -2.32% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.00% | -0.56% |
Volatility
FJRLX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity Limited Term Bond Fund (FJRLX) is 0.81%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.21%. This indicates that FJRLX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJRLX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.21% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 2.88% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.17% | 3.80% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 5.67% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.41% | 4.73% | -2.32% |
FJRLX vs. FTBFX - Expense Ratio Comparison
Both FJRLX and FTBFX have an expense ratio of 0.45%.
Dividends
FJRLX vs. FTBFX - Dividend Comparison
FJRLX's dividend yield for the trailing twelve months is around 4.09%, less than FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
FJRLX and FTBFX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBFX has higher volatility (1.21%) compared to FJRLX (0.81%). In terms of maximum drawdown, FJRLX dropped -9.89% vs FTBFX's -18.25%.
FJRLX currently has the higher Sharpe Ratio (1.96 vs 1.34), 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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