Correlation
The correlation between FMFIX and FXNAX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FMFIX vs. FXNAX
Compare and contrast key facts about RBB Free Market Fixed Income Fund (FMFIX) and Fidelity U.S. Bond Index Fund (FXNAX).
FMFIX is managed by RBB Funds. It was launched on Dec 31, 2007. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMFIX or FXNAX.
Performance
FMFIX vs. FXNAX - Performance Comparison
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Key characteristics
FMFIX:
2.90
FXNAX:
1.08
FMFIX:
4.47
FXNAX:
1.44
FMFIX:
1.61
FXNAX:
1.17
FMFIX:
2.77
FXNAX:
0.45
FMFIX:
18.09
FXNAX:
2.34
FMFIX:
0.32%
FXNAX:
2.20%
FMFIX:
2.00%
FXNAX:
5.33%
FMFIX:
-9.35%
FXNAX:
-18.64%
FMFIX:
0.00%
FXNAX:
-7.07%
Returns By Period
In the year-to-date period, FMFIX achieves a 2.45% return, which is significantly higher than FXNAX's 2.08% return. Both investments have delivered pretty close results over the past 10 years, with FMFIX having a 1.45% annualized return and FXNAX not far ahead at 1.52%.
FMFIX
2.45%
0.10%
2.19%
5.75%
3.15%
1.02%
1.45%
FXNAX
2.08%
-1.06%
0.71%
5.78%
1.37%
-1.02%
1.52%
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FMFIX vs. FXNAX - Expense Ratio Comparison
FMFIX has a 0.68% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FMFIX vs. FXNAX — Risk-Adjusted Performance Rank
FMFIX
FXNAX
FMFIX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market Fixed Income Fund (FMFIX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
FMFIX vs. FXNAX - Dividend Comparison
FMFIX's dividend yield for the trailing twelve months is around 3.67%, more than FXNAX's 3.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 3.67% | 3.90% | 2.75% | 1.35% | 0.37% | 1.23% | 1.44% | 2.46% | 1.25% | 0.81% | 0.39% | 1.01% |
FXNAX Fidelity U.S. Bond Index Fund | 3.47% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
FMFIX vs. FXNAX - Drawdown Comparison
The maximum FMFIX drawdown since its inception was -9.35%, smaller than the maximum FXNAX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FMFIX and FXNAX.
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Volatility
FMFIX vs. FXNAX - Volatility Comparison
The current volatility for RBB Free Market Fixed Income Fund (FMFIX) is 0.64%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.47%. This indicates that FMFIX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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