FJTDX vs. FCNVX
Compare and contrast key facts about Fidelity Flex Conservative Income Bond Fund (FJTDX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FJTDX is managed by Fidelity. It was launched on May 31, 2018. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJTDX or FCNVX.
Key characteristics
| FJTDX | FCNVX | |
|---|---|---|
| YTD Return | 5.27% | 5.06% |
| 1Y Return | 6.06% | 5.84% |
| 3Y Return (Ann) | 4.01% | 3.83% |
| 5Y Return (Ann) | 2.81% | 2.60% |
| Sharpe Ratio | 3.80 | 3.66 |
| Sortino Ratio | 21.98 | 14.20 |
| Omega Ratio | 8.89 | 4.47 |
| Calmar Ratio | 60.48 | 58.28 |
| Martin Ratio | 137.17 | 128.79 |
| Ulcer Index | 0.04% | 0.05% |
| Daily Std Dev | 1.58% | 1.59% |
| Max Drawdown | -1.90% | -2.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FJTDX and FCNVX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FJTDX vs. FCNVX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FJTDX having a 5.27% return and FCNVX slightly lower at 5.06%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FJTDX vs. FCNVX - Expense Ratio Comparison
FJTDX has a 0.00% expense ratio, which is lower than FCNVX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FJTDX vs. FCNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Conservative Income Bond Fund (FJTDX) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.
Dividends
FJTDX vs. FCNVX - Dividend Comparison
FJTDX's dividend yield for the trailing twelve months is around 5.47%, more than FCNVX's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJTDX Fidelity Flex Conservative Income Bond Fund | 5.47% | 5.16% | 1.85% | 0.44% | 1.24% | 2.64% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.26% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
Drawdowns
FJTDX vs. FCNVX - Drawdown Comparison
The maximum FJTDX drawdown since its inception was -1.90%, smaller than the maximum FCNVX drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FJTDX and FCNVX. For additional features, visit the drawdowns tool.
Volatility
FJTDX vs. FCNVX - Volatility Comparison
Fidelity Flex Conservative Income Bond Fund (FJTDX) and Fidelity Conservative Income Bond Institutional Class (FCNVX) have volatilities of 0.44% and 0.44%, 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.