FNBCX vs. FANCX
FNBCX (Fidelity Advisor Limited Term Bond Fund Class C) and FANCX (Fidelity Advisor Short-Term Bond Fund Class C) are both Total Bond Market funds from Fidelity. Over the past 10 years, FNBCX returned 1.19%/yr vs 1.03%/yr for FANCX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FNBCX charges 1.53%/yr vs 1.51%/yr for FANCX.
Performance
FNBCX vs. FANCX - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FNBCX at -0.01% and FANCX at -0.01%. Over the past 10 years, FNBCX has outperformed FANCX with an annualized return of 1.19%, while FANCX has yielded a comparatively lower 1.03% annualized return.
FNBCX
- 1D
- 0.09%
- 1M
- -0.44%
- 6M
- -0.25%
- YTD
- -0.01%
- 1Y
- 1.83%
- 3Y*
- 3.96%
- 5Y*
- 0.95%
- 10Y*
- 1.19%
- ALL TIME*
- 2.28%
FANCX
- 1D
- 0.00%
- 1M
- -0.24%
- 6M
- -0.14%
- YTD
- -0.01%
- 1Y
- 1.50%
- 3Y*
- 3.49%
- 5Y*
- 1.16%
- 10Y*
- 1.03%
- ALL TIME*
- 1.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNBCX vs. FANCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNBCX Fidelity Advisor Limited Term Bond Fund Class C | -0.01% | 5.48% | 3.51% | 4.90% | -7.02% | -2.28% | 4.04% | 4.90% | -0.38% | 0.79% |
FANCX Fidelity Advisor Short-Term Bond Fund Class C | -0.01% | 4.38% | 3.74% | 3.91% | -4.63% | -1.81% | 2.74% | 2.90% | 0.23% | -0.02% |
Correlation
The correlation between FNBCX and FANCX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2016 | 0.77 |
The correlation between FNBCX and FANCX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNBCX vs. FANCX — Risk / Return Rank
FNBCX
FANCX
FNBCX vs. FANCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Limited Term Bond Fund Class C (FNBCX) and Fidelity Advisor Short-Term Bond Fund Class C (FANCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNBCX | FANCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.93 | -0.38 |
| Martin ratioReturn relative to average drawdown | 4.83 | 5.41 | -0.57 |
Loading charts...
Drawdowns
FNBCX vs. FANCX - Drawdown Comparison
The maximum FNBCX drawdown since its inception was -13.02%, which is greater than FANCX's maximum drawdown of -7.79%. Use the drawdown chart below to compare losses from any high point for FNBCX and FANCX.
Loading charts...
Drawdown Indicators
| FNBCX | FANCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.02% | -7.79% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -1.18% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.63% | -1.18% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -10.67% | -7.24% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -11.26% | -7.79% | -3.47% |
Current DrawdownCurrent decline from peak | -0.80% | -0.58% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -1.54% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.42% | +0.10% |
Volatility
FNBCX vs. FANCX - Volatility Comparison
Fidelity Advisor Limited Term Bond Fund Class C (FNBCX) has a higher volatility of 0.52% compared to Fidelity Advisor Short-Term Bond Fund Class C (FANCX) at 0.38%. This indicates that FNBCX's price experiences larger fluctuations and is considered to be riskier than FANCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNBCX | FANCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.38% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.38% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 1.82% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 2.14% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.35% | 1.77% | +0.58% |
FNBCX vs. FANCX - Expense Ratio Comparison
FNBCX has a 1.53% expense ratio, which is higher than FANCX's 1.51% expense ratio.
Dividends
FNBCX vs. FANCX - Dividend Comparison
FNBCX's dividend yield for the trailing twelve months is around 2.80%, which matches FANCX's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANCX Fidelity Advisor Short-Term Bond Fund Class C | 2.82% | 3.20% | 2.95% | 1.75% | 0.15% | 0.36% | 1.68% | 1.00% | 0.69% | 0.21% | 0.07% | 0.00% |
FNBCX Fidelity Advisor Limited Term Bond Fund Class C | 2.80% | 2.87% | 1.93% | 1.20% | 0.42% | 0.33% | 1.31% | 1.35% | 1.21% | 0.70% | 0.70% | 0.59% |
Frequently Asked Questions
FNBCX and FANCX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNBCX has higher volatility (0.52%) compared to FANCX (0.38%). In terms of maximum drawdown, FNBCX dropped -13.02% vs FANCX's -7.79%.
FANCX currently has the higher Sharpe Ratio (1.25 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FNBCX and FANCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer