FMSFX vs. FCNVX
Compare and contrast key facts about Fidelity Mortgage Securities Fund (FMSFX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FMSFX is managed by Fidelity. It was launched on Dec 31, 1984. 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: FMSFX or FCNVX.
Correlation
The correlation between FMSFX and FCNVX is -0.01. 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.
Performance
FMSFX vs. FCNVX - Performance Comparison
Key characteristics
FMSFX:
0.96
FCNVX:
3.55
FMSFX:
1.43
FCNVX:
16.64
FMSFX:
1.17
FCNVX:
6.33
FMSFX:
0.46
FCNVX:
25.95
FMSFX:
2.44
FCNVX:
132.38
FMSFX:
2.37%
FCNVX:
0.04%
FMSFX:
6.04%
FCNVX:
1.45%
FMSFX:
-18.94%
FCNVX:
-2.19%
FMSFX:
-6.80%
FCNVX:
-0.10%
Returns By Period
In the year-to-date period, FMSFX achieves a 2.10% return, which is significantly higher than FCNVX's 1.39% return. Over the past 10 years, FMSFX has underperformed FCNVX with an annualized return of 0.87%, while FCNVX has yielded a comparatively higher 2.25% annualized return.
FMSFX
2.10%
-1.91%
2.16%
5.79%
-1.23%
0.87%
FCNVX
1.39%
0.26%
2.20%
5.15%
2.93%
2.25%
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FMSFX vs. FCNVX - Expense Ratio Comparison
FMSFX has a 0.45% expense ratio, which is higher than FCNVX's 0.25% expense ratio.
Risk-Adjusted Performance
FMSFX vs. FCNVX — Risk-Adjusted Performance Rank
FMSFX
FCNVX
FMSFX vs. FCNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mortgage Securities Fund (FMSFX) 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
FMSFX vs. FCNVX - Dividend Comparison
FMSFX's dividend yield for the trailing twelve months is around 3.88%, less than FCNVX's 4.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSFX Fidelity Mortgage Securities Fund | 3.88% | 4.13% | 3.50% | 1.90% | 0.47% | 1.54% | 2.63% | 2.57% | 2.61% | 2.34% | 2.31% | 2.52% |
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
FMSFX vs. FCNVX - Drawdown Comparison
The maximum FMSFX drawdown since its inception was -18.94%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FMSFX and FCNVX. For additional features, visit the drawdowns tool.
Volatility
FMSFX vs. FCNVX - Volatility Comparison
Fidelity Mortgage Securities Fund (FMSFX) has a higher volatility of 2.41% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.43%. This indicates that FMSFX'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.