FTKFX vs. FBNDX
Compare and contrast key facts about Fidelity Total Bond K6 Fund (FTKFX) and Fidelity Investment Grade Bond Fund (FBNDX).
FTKFX is managed by Fidelity. It was launched on May 25, 2017. 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: FTKFX or FBNDX.
Key characteristics
| FTKFX | FBNDX | |
|---|---|---|
| YTD Return | 3.36% | 2.66% |
| 1Y Return | 9.07% | 8.37% |
| 3Y Return (Ann) | -1.43% | -2.06% |
| 5Y Return (Ann) | 0.49% | 0.17% |
| Sharpe Ratio | 1.71 | 1.51 |
| Sortino Ratio | 2.63 | 2.27 |
| Omega Ratio | 1.32 | 1.27 |
| Calmar Ratio | 0.70 | 0.56 |
| Martin Ratio | 6.64 | 5.39 |
| Ulcer Index | 1.48% | 1.67% |
| Daily Std Dev | 5.78% | 5.98% |
| Max Drawdown | -18.64% | -20.16% |
| Current Drawdown | -6.21% | -9.06% |
Correlation
The correlation between FTKFX and FBNDX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTKFX vs. FBNDX - Performance Comparison
In the year-to-date period, FTKFX achieves a 3.36% return, which is significantly higher than FBNDX's 2.66% 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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FTKFX vs. FBNDX - Expense Ratio Comparison
FTKFX has a 0.30% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FTKFX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond K6 Fund (FTKFX) 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
FTKFX vs. FBNDX - Dividend Comparison
FTKFX's dividend yield for the trailing twelve months is around 4.61%, more than FBNDX's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTKFX Fidelity Total Bond K6 Fund | 4.61% | 4.24% | 3.33% | 2.27% | 2.53% | 3.07% | 2.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
FTKFX vs. FBNDX - Drawdown Comparison
The maximum FTKFX drawdown since its inception was -18.64%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for FTKFX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FTKFX vs. FBNDX - Volatility Comparison
The current volatility for Fidelity Total Bond K6 Fund (FTKFX) is 1.62%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.73%. This indicates that FTKFX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.