FTHRX vs. FIKQX

Last updated Jun 5, 2026

FTHRX (Fidelity Intermediate Bond Fund) and FIKQX (Fidelity Advisor Investment Grade Bond Fund Class Z) are both Total Bond Market funds from Fidelity. Over the past 5 years, FTHRX returned 1.02%/yr vs 0.29%/yr for FIKQX. Their correlation of 0.92 suggests significant overlap in exposure. FTHRX charges 0.45%/yr vs 0.36%/yr for FIKQX.

Performance

FTHRX vs. FIKQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Intermediate Bond Fund (FTHRX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTHRX achieves a 0.05% return, which is significantly lower than FIKQX's 0.24% return.

FTHRX

• 1D: -0.10%
• 1M: 0.02%
• YTD: 0.05%
• 6M: 0.31%
• 1Y: 3.63%
• 3Y*: 4.50%
• 5Y*: 1.02%
• 10Y*: 2.03%

FIKQX

• 1D: -0.14%
• 1M: 0.06%
• YTD: 0.24%
• 6M: 0.20%
• 1Y: 4.49%
• 3Y*: 4.35%
• 5Y*: 0.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTHRX vs. FIKQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FTHRX Fidelity Intermediate Bond Fund	0.05%	6.89%	3.25%	5.55%	-9.17%	-1.60%	7.06%	7.20%	1.70%
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z	0.24%	7.31%	1.69%	6.75%	-13.97%	-1.03%	10.00%	9.90%	2.01%

Correlation

The correlation between FTHRX and FIKQX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.92

The correlation between FTHRX and FIKQX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FTHRX vs. FIKQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTHRX

FTHRX Risk / Return Rank: 26
FTHRX Sharpe Ratio Rank: 25
FTHRX Sortino Ratio Rank: 29
FTHRX Omega Ratio Rank: 26
FTHRX Calmar Ratio Rank: 27
FTHRX Martin Ratio Rank: 22

FIKQX

FIKQX Risk / Return Rank: 20
FIKQX Sharpe Ratio Rank: 20
FIKQX Sortino Ratio Rank: 22
FIKQX Omega Ratio Rank: 20
FIKQX Calmar Ratio Rank: 20
FIKQX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTHRX vs. FIKQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Bond Fund (FTHRX) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX). 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.

	FTHRX	FIKQX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.30	+0.15
Sortino ratio: Return per unit of downside risk	2.26	1.96	+0.30
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	1.92	1.63	+0.30
Martin ratio: Return relative to average drawdown	5.71	4.89	+0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHRX vs. FIKQX - Sharpe Ratio Comparison

The current FTHRX Sharpe Ratio is 1.44, which is comparable to the FIKQX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of FTHRX and FIKQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTHRX	FIKQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.30	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.05	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.50	+0.42

Drawdowns

FTHRX vs. FIKQX - Drawdown Comparison

The maximum FTHRX drawdown since its inception was -19.01%, roughly equal to the maximum FIKQX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for FTHRX and FIKQX.

Drawdown Indicators

	FTHRX	FIKQX	Difference
Max Drawdown Largest peak-to-trough decline	-19.01%	-18.53%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	-3.13%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-2.68%	-6.05%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	-13.18%	-18.53%	+5.35%
Max Drawdown (10Y) Largest decline over 10 years	-13.25%	—	—
Current Drawdown Current decline from peak	-1.19%	-1.72%	+0.53%
Average Drawdown Average peak-to-trough decline	-3.07%	-5.22%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	1.04%	-0.33%

Volatility

FTHRX vs. FIKQX - Volatility Comparison

The current volatility for Fidelity Intermediate Bond Fund (FTHRX) is 0.89%, while Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) has a volatility of 1.38%. This indicates that FTHRX experiences smaller price fluctuations and is considered to be less risky than FIKQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHRX	FIKQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	1.38%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	2.74%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	2.81%	3.93%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	6.00%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.40%	5.48%	-2.08%

FTHRX vs. FIKQX - Expense Ratio Comparison

FTHRX has a 0.45% expense ratio, which is higher than FIKQX's 0.36% expense ratio.

Dividends

FTHRX vs. FIKQX - Dividend Comparison

FTHRX's dividend yield for the trailing twelve months is around 3.69%, less than FIKQX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z	4.01%	3.97%	4.08%	3.65%	2.05%	1.44%	4.90%	2.83%	1.07%	0.00%	0.00%	0.00%
FTHRX Fidelity Intermediate Bond Fund	3.69%	3.59%	3.49%	2.94%	1.55%	1.53%	4.16%	2.49%	2.48%	2.20%	2.63%	2.13%

Frequently Asked Questions

Can I hold both FTHRX and FIKQX in my portfolio?

With a correlation of 0.91, FTHRX and FIKQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTHRX or FIKQX?

FIKQX has higher volatility (1.38%) compared to FTHRX (0.89%). In terms of maximum drawdown, FTHRX dropped -19.01% vs FIKQX's -18.53%.

Which has better risk-adjusted returns?

FTHRX currently has the higher Sharpe Ratio (1.44 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.