FPNIX vs. FTHRX
Compare and contrast key facts about FPA New Income Fund (FPNIX) and Fidelity Intermediate Bond Fund (FTHRX).
FPNIX is managed by FPA. It was launched on Jul 11, 1984. FTHRX is managed by Fidelity. It was launched on May 23, 1975.
Performance
FPNIX vs. FTHRX - Performance Comparison
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FPNIX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPNIX FPA New Income Fund | -0.16% | 6.71% | 4.58% | 6.78% | -3.10% | 0.84% | 2.51% | 3.81% | 2.30% | 2.67% |
FTHRX Fidelity Intermediate Bond Fund | -0.39% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Returns By Period
In the year-to-date period, FPNIX achieves a -0.16% return, which is significantly higher than FTHRX's -0.39% return. Over the past 10 years, FPNIX has outperformed FTHRX with an annualized return of 2.86%, while FTHRX has yielded a comparatively lower 2.08% annualized return.
FPNIX
- 1D
- 0.00%
- 1M
- -1.19%
- YTD
- -0.16%
- 6M
- 0.88%
- 1Y
- 4.38%
- 3Y*
- 5.26%
- 5Y*
- 2.98%
- 10Y*
- 2.86%
FTHRX
- 1D
- 0.10%
- 1M
- -1.25%
- YTD
- -0.39%
- 6M
- 0.46%
- 1Y
- 3.79%
- 3Y*
- 4.26%
- 5Y*
- 1.11%
- 10Y*
- 2.08%
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FPNIX vs. FTHRX - Expense Ratio Comparison
Both FPNIX and FTHRX have an expense ratio of 0.45%.
Return for Risk
FPNIX vs. FTHRX — Risk / Return Rank
FPNIX
FTHRX
FPNIX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA New Income Fund (FPNIX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| FPNIX | FTHRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.31 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.53 | 1.96 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.10 | +0.23 |
Martin ratioReturn relative to average drawdown | 10.08 | 7.38 | +2.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPNIX | FTHRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.31 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.28 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.52 | 0.62 | +0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.91 | +0.11 |
Correlation
The correlation between FPNIX and FTHRX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FPNIX vs. FTHRX - Dividend Comparison
FPNIX's dividend yield for the trailing twelve months is around 3.81%, more than FTHRX's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPNIX FPA New Income Fund | 3.81% | 3.36% | 4.39% | 3.37% | 2.13% | 1.24% | 2.17% | 2.63% | 3.10% | 2.84% | 2.31% | 1.87% |
FTHRX Fidelity Intermediate Bond Fund | 3.34% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
Drawdowns
FPNIX vs. FTHRX - Drawdown Comparison
The maximum FPNIX drawdown since its inception was -22.95%, which is greater than FTHRX's maximum drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for FPNIX and FTHRX.
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Drawdown Indicators
| FPNIX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -19.01% | -3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -2.11% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -4.67% | -13.18% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -4.67% | -13.25% | +8.58% |
Current DrawdownCurrent decline from peak | -1.48% | -1.63% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -3.07% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.60% | -0.14% |
Volatility
FPNIX vs. FTHRX - Volatility Comparison
FPA New Income Fund (FPNIX) and Fidelity Intermediate Bond Fund (FTHRX) have volatilities of 1.08% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPNIX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.08% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.83% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 3.08% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.41% | 4.00% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.88% | 3.39% | -1.51% |