FSKAX vs. FXNAX
Compare and contrast key facts about Fidelity Total Market Index Fund (FSKAX) and Fidelity U.S. Bond Index Fund (FXNAX).
FSKAX is managed by Fidelity. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSKAX or FXNAX.
Key characteristics
| FSKAX | FXNAX | |
|---|---|---|
| YTD Return | 8.42% | -1.74% |
| 1Y Return | 27.18% | -0.15% |
| 3Y Return (Ann) | 7.06% | -3.23% |
| 5Y Return (Ann) | 13.53% | 0.06% |
| 10Y Return (Ann) | 12.15% | 1.28% |
| Sharpe Ratio | 2.43 | 0.08 |
| Daily Std Dev | 12.07% | 6.62% |
| Max Drawdown | -35.01% | -18.64% |
| Current Drawdown | -1.48% | -11.98% |
Correlation
The correlation between FSKAX and FXNAX is -0.17. 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
FSKAX vs. FXNAX - Performance Comparison
In the year-to-date period, FSKAX achieves a 8.42% return, which is significantly higher than FXNAX's -1.74% return. Over the past 10 years, FSKAX has outperformed FXNAX with an annualized return of 12.15%, while FXNAX has yielded a comparatively lower 1.28% 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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FSKAX vs. FXNAX - Expense Ratio Comparison
FSKAX has a 0.02% expense ratio, which is lower than FXNAX's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FSKAX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
FSKAX vs. FXNAX - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 1.33%, less than FXNAX's 3.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 1.33% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% | 1.54% |
FXNAX Fidelity U.S. Bond Index Fund | 3.16% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
Drawdowns
FSKAX vs. FXNAX - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FSKAX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FSKAX vs. FXNAX - Volatility Comparison
Fidelity Total Market Index Fund (FSKAX) has a higher volatility of 4.22% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.76%. This indicates that FSKAX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.