FUAMX vs. CLDAX

Last updated Jun 4, 2026

FUAMX (Fidelity Intermediate Treasury Bond Index Fund) and CLDAX (Calvert Core Bond Fund) are both mutual funds - FUAMX is a Government Bonds fund managed by Fidelity, while CLDAX is a Intermediate Core Bond fund managed by Calvert Research and Management. Over the past 5 years, FUAMX returned -0.36%/yr vs -0.14%/yr for CLDAX. Their correlation of 0.89 suggests significant overlap in exposure. FUAMX charges 0.03%/yr vs 0.74%/yr for CLDAX.

Performance

FUAMX vs. CLDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Intermediate Treasury Bond Index Fund (FUAMX) and Calvert Core Bond Fund (CLDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUAMX achieves a -0.27% return, which is significantly lower than CLDAX's 0.02% return.

FUAMX

• 1D: 0.10%
• 1M: 0.10%
• YTD: -0.27%
• 6M: -0.64%
• 1Y: 4.20%
• 3Y*: 3.20%
• 5Y*: -0.36%
• 10Y*: —

CLDAX

• 1D: 0.00%
• 1M: 0.48%
• YTD: 0.02%
• 6M: -0.01%
• 1Y: 5.08%
• 3Y*: 3.71%
• 5Y*: -0.14%
• 10Y*: 3.06%

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

FUAMX vs. CLDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUAMX Fidelity Intermediate Treasury Bond Index Fund	-0.27%	8.00%	0.40%	4.08%	-13.06%	-3.19%	8.86%	7.25%	1.25%	-0.35%
CLDAX Calvert Core Bond Fund	0.02%	7.27%	1.39%	5.04%	-13.48%	-2.30%	14.56%	20.77%	-5.73%	1.44%

Correlation

The correlation between FUAMX and CLDAX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017	0.89

The correlation between FUAMX and CLDAX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

FUAMX vs. CLDAX — Risk / Return Rank

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

FUAMX

FUAMX Risk / Return Rank: 12
FUAMX Sharpe Ratio Rank: 12
FUAMX Sortino Ratio Rank: 13
FUAMX Omega Ratio Rank: 11
FUAMX Calmar Ratio Rank: 11
FUAMX Martin Ratio Rank: 11

CLDAX

CLDAX Risk / Return Rank: 19
CLDAX Sharpe Ratio Rank: 20
CLDAX Sortino Ratio Rank: 21
CLDAX Omega Ratio Rank: 19
CLDAX Calmar Ratio Rank: 19
CLDAX Martin Ratio Rank: 18

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.

FUAMX vs. CLDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Treasury Bond Index Fund (FUAMX) and Calvert Core Bond Fund (CLDAX). 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.

	FUAMX	CLDAX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.29	-0.34
Sortino ratio: Return per unit of downside risk	1.44	1.91	-0.47
Omega ratio: Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	1.11	1.57	-0.47
Martin ratio: Return relative to average drawdown	3.27	4.92	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUAMX vs. CLDAX - Sharpe Ratio Comparison

The current FUAMX Sharpe Ratio is 0.95, which is comparable to the CLDAX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FUAMX and CLDAX, 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

	FUAMX	CLDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.29	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	-0.03	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.82	-0.60

Drawdowns

FUAMX vs. CLDAX - Drawdown Comparison

The maximum FUAMX drawdown since its inception was -20.25%, which is greater than CLDAX's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for FUAMX and CLDAX.

Drawdown Indicators

	FUAMX	CLDAX	Difference
Max Drawdown Largest peak-to-trough decline	-20.25%	-18.88%	-1.37%
Max Drawdown (1Y) Largest decline over 1 year	-3.72%	-3.24%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-6.09%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-18.27%	-18.21%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.88%	—
Current Drawdown Current decline from peak	-6.69%	-3.41%	-3.28%
Average Drawdown Average peak-to-trough decline	-7.32%	-3.92%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	1.03%	+0.23%

Volatility

FUAMX vs. CLDAX - Volatility Comparison

Fidelity Intermediate Treasury Bond Index Fund (FUAMX) and Calvert Core Bond Fund (CLDAX) have volatilities of 1.44% and 1.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUAMX	CLDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	1.50%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	2.94%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	4.34%	3.95%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.63%	5.64%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.85%	6.81%	-0.96%

FUAMX vs. CLDAX - Expense Ratio Comparison

FUAMX has a 0.03% expense ratio, which is lower than CLDAX's 0.74% expense ratio.

Dividends

FUAMX vs. CLDAX - Dividend Comparison

FUAMX's dividend yield for the trailing twelve months is around 3.75%, less than CLDAX's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLDAX Calvert Core Bond Fund	4.23%	4.24%	4.16%	3.17%	1.80%	6.08%	5.22%	3.04%	3.63%	3.02%	7.02%	2.85%
FUAMX Fidelity Intermediate Treasury Bond Index Fund	3.75%	3.52%	3.58%	2.20%	1.24%	1.76%	2.90%	2.16%	2.23%	0.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FUAMX and CLDAX in my portfolio?

With a correlation of 0.95, FUAMX and CLDAX 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, FUAMX or CLDAX?

CLDAX has higher volatility (1.50%) compared to FUAMX (1.44%). In terms of maximum drawdown, FUAMX dropped -20.25% vs CLDAX's -18.88%.

Which has better risk-adjusted returns?

CLDAX currently has the higher Sharpe Ratio (1.29 vs 0.95), 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.