FSMVX vs. FBNDX
Compare and contrast key facts about Fidelity Mid Cap Value Fund (FSMVX) and Fidelity Investment Grade Bond Fund (FBNDX).
FSMVX is managed by Fidelity. It was launched on Nov 15, 2001. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMVX or FBNDX.
Key characteristics
| FSMVX | FBNDX | |
|---|---|---|
| YTD Return | 20.33% | 2.94% |
| 1Y Return | 41.96% | 9.47% |
| 3Y Return (Ann) | 6.01% | -2.05% |
| 5Y Return (Ann) | 10.59% | 0.22% |
| 10Y Return (Ann) | 5.50% | 1.75% |
| Sharpe Ratio | 2.51 | 1.37 |
| Sortino Ratio | 3.56 | 2.04 |
| Omega Ratio | 1.43 | 1.25 |
| Calmar Ratio | 2.26 | 0.50 |
| Martin Ratio | 13.95 | 4.79 |
| Ulcer Index | 2.89% | 1.68% |
| Daily Std Dev | 16.09% | 5.98% |
| Max Drawdown | -62.80% | -20.16% |
| Current Drawdown | 0.00% | -8.80% |
Correlation
The correlation between FSMVX and FBNDX is -0.15. 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
FSMVX vs. FBNDX - Performance Comparison
In the year-to-date period, FSMVX achieves a 20.33% return, which is significantly higher than FBNDX's 2.94% return. Over the past 10 years, FSMVX has outperformed FBNDX with an annualized return of 5.50%, while FBNDX has yielded a comparatively lower 1.75% 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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FSMVX vs. FBNDX - Expense Ratio Comparison
FSMVX has a 0.57% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FSMVX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mid Cap Value Fund (FSMVX) and Fidelity Investment Grade Bond Fund (FBNDX). 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
FSMVX vs. FBNDX - Dividend Comparison
FSMVX's dividend yield for the trailing twelve months is around 0.66%, less than FBNDX's 3.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMVX Fidelity Mid Cap Value Fund | 0.66% | 0.79% | 1.45% | 1.30% | 1.99% | 1.87% | 2.45% | 1.88% | 1.34% | 2.30% | 7.49% | 10.13% |
FBNDX Fidelity Investment Grade Bond Fund | 3.89% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
FSMVX vs. FBNDX - Drawdown Comparison
The maximum FSMVX drawdown since its inception was -62.80%, which is greater than FBNDX's maximum drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for FSMVX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FSMVX vs. FBNDX - Volatility Comparison
Fidelity Mid Cap Value Fund (FSMVX) has a higher volatility of 4.93% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.76%. This indicates that FSMVX's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.