FVIAX vs. RFBAX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and Davis Government Bond Fund (RFBAX).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. RFBAX is managed by Davis Funds. It was launched on Nov 30, 1994.
Performance
FVIAX vs. RFBAX - Performance Comparison
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FVIAX vs. RFBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVIAX Fidelity Advisor Government Income Fund Class A | -0.19% | 6.20% | -0.18% | 3.64% | -13.30% | -2.54% | 6.45% | 6.06% | 0.39% | 1.78% |
RFBAX Davis Government Bond Fund | 0.32% | 4.49% | 4.33% | 3.63% | -5.29% | -1.48% | 1.69% | 3.23% | 0.42% | 0.21% |
Returns By Period
In the year-to-date period, FVIAX achieves a -0.19% return, which is significantly lower than RFBAX's 0.32% return. Over the past 10 years, FVIAX has underperformed RFBAX with an annualized return of 0.48%, while RFBAX has yielded a comparatively higher 1.03% annualized return.
FVIAX
- 1D
- 0.55%
- 1M
- -2.02%
- YTD
- -0.19%
- 6M
- 0.63%
- 1Y
- 3.08%
- 3Y*
- 2.11%
- 5Y*
- -0.79%
- 10Y*
- 0.48%
RFBAX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.32%
- 6M
- 0.87%
- 1Y
- 3.01%
- 3Y*
- 3.84%
- 5Y*
- 1.21%
- 10Y*
- 1.03%
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FVIAX vs. RFBAX - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is lower than RFBAX's 1.00% expense ratio.
Return for Risk
FVIAX vs. RFBAX — Risk / Return Rank
FVIAX
RFBAX
FVIAX vs. RFBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) and Davis Government Bond Fund (RFBAX). 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.
| FVIAX | RFBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.81 | -0.98 |
Sortino ratioReturn per unit of downside risk | 1.20 | 2.96 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.49 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 4.51 | -3.07 |
Martin ratioReturn relative to average drawdown | 3.84 | 15.32 | -11.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FVIAX | RFBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.81 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.59 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.58 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.04 | -0.83 |
Correlation
The correlation between FVIAX and RFBAX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FVIAX vs. RFBAX - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 2.82%, more than RFBAX's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIAX Fidelity Advisor Government Income Fund Class A | 2.82% | 3.03% | 2.93% | 2.03% | 0.86% | 0.39% | 2.07% | 1.77% | 1.75% | 1.47% | 2.34% | 1.96% |
RFBAX Davis Government Bond Fund | 2.77% | 3.01% | 3.23% | 2.15% | 0.80% | 0.57% | 0.93% | 1.67% | 1.17% | 0.59% | 0.68% | 0.75% |
Drawdowns
FVIAX vs. RFBAX - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -20.79%, which is greater than RFBAX's maximum drawdown of -8.03%. Use the drawdown chart below to compare losses from any high point for FVIAX and RFBAX.
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Drawdown Indicators
| FVIAX | RFBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -8.03% | -12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.77% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -7.61% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -20.66% | -8.03% | -12.63% |
Current DrawdownCurrent decline from peak | -8.86% | -0.58% | -8.28% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -1.19% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.23% | +0.84% |
Volatility
FVIAX vs. RFBAX - Volatility Comparison
Fidelity Advisor Government Income Fund Class A (FVIAX) has a higher volatility of 1.55% compared to Davis Government Bond Fund (RFBAX) at 0.48%. This indicates that FVIAX's price experiences larger fluctuations and is considered to be riskier than RFBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVIAX | RFBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.48% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 1.19% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 1.93% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 2.06% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 1.78% | +3.26% |