Correlation
The correlation between FMSCX and FBNDX is -0.11. 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.
FMSCX vs. FBNDX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Fidelity Investment Grade Bond Fund (FBNDX).
FMSCX is managed by Fidelity. It was launched on Mar 3, 1997. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMSCX or FBNDX.
Performance
FMSCX vs. FBNDX - Performance Comparison
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Key characteristics
FMSCX:
0.98
FBNDX:
1.07
FMSCX:
1.31
FBNDX:
1.43
FMSCX:
1.16
FBNDX:
1.17
FMSCX:
0.49
FBNDX:
0.55
FMSCX:
2.17
FBNDX:
2.50
FMSCX:
2.46%
FBNDX:
2.16%
FMSCX:
6.01%
FBNDX:
5.63%
FMSCX:
-18.54%
FBNDX:
-18.19%
FMSCX:
-6.55%
FBNDX:
-5.23%
Returns By Period
In the year-to-date period, FMSCX achieves a 2.09% return, which is significantly lower than FBNDX's 2.42% return. Over the past 10 years, FMSCX has underperformed FBNDX with an annualized return of 0.93%, while FBNDX has yielded a comparatively higher 2.06% annualized return.
FMSCX
2.09%
-0.92%
0.56%
5.33%
0.77%
-1.11%
0.93%
FBNDX
2.42%
-0.56%
0.87%
5.40%
1.78%
-0.26%
2.06%
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FMSCX vs. FBNDX - Expense Ratio Comparison
FMSCX has a 0.51% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FMSCX vs. FBNDX — Risk-Adjusted Performance Rank
FMSCX
FBNDX
FMSCX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Fidelity Investment Grade Bond Fund (FBNDX). 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
FMSCX vs. FBNDX - Dividend Comparison
FMSCX's dividend yield for the trailing twelve months is around 3.77%, more than FBNDX's 3.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | 3.77% | 4.01% | 3.44% | 1.83% | 0.75% | 2.36% | 2.39% | 2.53% | 2.56% | 2.29% | 2.32% | 2.48% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.99% | 3.56% | 2.67% | 1.58% | 4.83% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Drawdowns
FMSCX vs. FBNDX - Drawdown Comparison
The maximum FMSCX drawdown since its inception was -18.54%, roughly equal to the maximum FBNDX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for FMSCX and FBNDX.
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Volatility
FMSCX vs. FBNDX - Volatility Comparison
Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) has a higher volatility of 1.65% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.51%. This indicates that FMSCX's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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