FSHBX vs. FCNVX
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. 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: FSHBX or FCNVX.
Key characteristics
| FSHBX | FCNVX | |
|---|---|---|
| YTD Return | 4.19% | 4.96% |
| 1Y Return | 6.25% | 5.74% |
| 3Y Return (Ann) | 1.74% | 3.80% |
| 5Y Return (Ann) | 1.54% | 2.58% |
| 10Y Return (Ann) | 1.60% | 2.02% |
| Sharpe Ratio | 2.83 | 3.53 |
| Sortino Ratio | 4.87 | 13.30 |
| Omega Ratio | 1.73 | 4.16 |
| Calmar Ratio | 3.27 | 56.18 |
| Martin Ratio | 17.90 | 124.15 |
| Ulcer Index | 0.33% | 0.05% |
| Daily Std Dev | 2.09% | 1.59% |
| Max Drawdown | -6.54% | -2.19% |
| Current Drawdown | -0.82% | -0.10% |
Correlation
The correlation between FSHBX and FCNVX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FSHBX vs. FCNVX - Performance Comparison
In the year-to-date period, FSHBX achieves a 4.19% return, which is significantly lower than FCNVX's 4.96% return. Over the past 10 years, FSHBX has underperformed FCNVX with an annualized return of 1.60%, while FCNVX has yielded a comparatively higher 2.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSHBX vs. FCNVX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than FCNVX's 0.25% expense ratio.
Risk-Adjusted Performance
FSHBX vs. FCNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) 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
FSHBX vs. FCNVX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 4.01%, less than FCNVX's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 4.01% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.27% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
Drawdowns
FSHBX vs. FCNVX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FSHBX and FCNVX. For additional features, visit the drawdowns tool.
Volatility
FSHBX vs. FCNVX - Volatility Comparison
Fidelity Short-Term Bond Fund (FSHBX) has a higher volatility of 0.59% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.44%. This indicates that FSHBX'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.