FNMIX vs. FTBFX
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and Fidelity Total Bond Fund (FTBFX).
FNMIX is managed by Fidelity. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNMIX or FTBFX.
Correlation
The correlation between FNMIX and FTBFX is -0.12. 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
FNMIX vs. FTBFX - Performance Comparison
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Key characteristics
FNMIX:
1.03
FTBFX:
0.89
FNMIX:
1.41
FTBFX:
1.40
FNMIX:
1.19
FTBFX:
1.16
FNMIX:
0.98
FTBFX:
0.54
FNMIX:
3.66
FTBFX:
2.71
FNMIX:
1.57%
FTBFX:
1.81%
FNMIX:
5.74%
FTBFX:
5.28%
FNMIX:
-44.57%
FTBFX:
-17.61%
FNMIX:
-1.52%
FTBFX:
-3.37%
Returns By Period
In the year-to-date period, FNMIX achieves a 2.41% return, which is significantly higher than FTBFX's 1.86% return. Over the past 10 years, FNMIX has outperformed FTBFX with an annualized return of 2.82%, while FTBFX has yielded a comparatively lower 2.36% annualized return.
FNMIX
2.41%
2.52%
2.34%
5.90%
3.73%
2.82%
FTBFX
1.86%
0.57%
1.87%
4.68%
0.82%
2.36%
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FNMIX vs. FTBFX - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
FNMIX vs. FTBFX — Risk-Adjusted Performance Rank
FNMIX
FTBFX
FNMIX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and Fidelity Total Bond Fund (FTBFX). 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
FNMIX vs. FTBFX - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.78%, more than FTBFX's 4.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.78% | 4.70% | 5.14% | 5.14% | 3.83% | 3.99% | 4.88% | 4.68% | 5.32% | 5.61% | 5.42% | 6.68% |
FTBFX Fidelity Total Bond Fund | 4.50% | 4.51% | 4.15% | 3.33% | 2.24% | 5.22% | 3.03% | 3.19% | 2.98% | 3.21% | 3.71% | 3.14% |
Drawdowns
FNMIX vs. FTBFX - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -44.57%, which is greater than FTBFX's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for FNMIX and FTBFX. For additional features, visit the drawdowns tool.
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Volatility
FNMIX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity New Markets Income Fund (FNMIX) is 1.35%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.48%. This indicates that FNMIX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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