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.
Correlation
The correlation between FJTDX and FCNVX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FJTDX vs. FCNVX - Performance Comparison
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Key characteristics
FJTDX:
3.62
FCNVX:
3.54
FJTDX:
20.60
FCNVX:
16.64
FJTDX:
8.46
FCNVX:
6.33
FJTDX:
27.16
FCNVX:
25.95
FJTDX:
137.63
FCNVX:
120.48
FJTDX:
0.04%
FCNVX:
0.04%
FJTDX:
1.48%
FCNVX:
1.45%
FJTDX:
-1.90%
FCNVX:
-2.19%
FJTDX:
-0.10%
FCNVX:
-0.10%
Returns By Period
The year-to-date returns for both stocks are quite close, with FJTDX having a 1.46% return and FCNVX slightly lower at 1.39%.
FJTDX
1.46%
0.38%
2.35%
5.40%
3.11%
N/A
FCNVX
1.39%
0.46%
2.20%
5.15%
2.91%
2.25%
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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 Rank
FJTDX
FCNVX
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.
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Dividends
FJTDX vs. FCNVX - Dividend Comparison
FJTDX's dividend yield for the trailing twelve months is around 5.16%, more than FCNVX's 4.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJTDX Fidelity Flex Conservative Income Bond Fund | 5.16% | 5.41% | 5.16% | 1.86% | 0.45% | 1.24% | 2.65% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 4.86% | 5.12% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% |
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.
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Volatility
FJTDX vs. FCNVX - Volatility Comparison
Fidelity Flex Conservative Income Bond Fund (FJTDX) has a higher volatility of 0.41% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.39%. This indicates that FJTDX's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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