FXNAX vs. AMZN

Last updated Jun 13, 2026

FXNAX (Fidelity U.S. Bond Index Fund) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, FXNAX returned 1.48%/yr vs 20.83%/yr for AMZN. At a correlation of -0.04, they often move in opposite directions.

Performance

FXNAX vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Bond Index Fund (FXNAX) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXNAX achieves a 0.50% return, which is significantly lower than AMZN's 3.35% return. Over the past 10 years, FXNAX has underperformed AMZN with an annualized return of 1.48%, while AMZN has yielded a comparatively higher 20.83% annualized return.

FXNAX

• 1D: 0.58%
• 1M: 1.29%
• YTD: 0.50%
• 6M: 1.01%
• 1Y: 4.96%
• 3Y*: 4.05%
• 5Y*: -0.02%
• 10Y*: 1.48%

AMZN

• 1D: -1.23%
• 1M: -9.69%
• YTD: 3.35%
• 6M: 5.46%
• 1Y: 12.47%
• 3Y*: 23.49%
• 5Y*: 7.35%
• 10Y*: 20.83%

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

FXNAX vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXNAX Fidelity U.S. Bond Index Fund	0.50%	7.14%	1.35%	5.82%	-13.55%	-2.10%	7.63%	8.50%	0.04%	3.50%
AMZN Amazon.com, Inc	3.35%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	28.43%	55.96%

Correlation

The correlation between FXNAX and AMZN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 4, 2011	-0.04

The correlation between FXNAX and AMZN shifts across timeframes, from -0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FXNAX vs. AMZN — Risk / Return Rank

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

FXNAX

FXNAX Risk / Return Rank: 30
FXNAX Sharpe Ratio Rank: 31
FXNAX Sortino Ratio Rank: 34
FXNAX Omega Ratio Rank: 30
FXNAX Calmar Ratio Rank: 31
FXNAX Martin Ratio Rank: 26

AMZN

AMZN Risk / Return Rank: 54
AMZN Sharpe Ratio Rank: 57
AMZN Sortino Ratio Rank: 51
AMZN Omega Ratio Rank: 49
AMZN Calmar Ratio Rank: 55
AMZN Martin Ratio Rank: 57

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.

FXNAX vs. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and Amazon.com, Inc (AMZN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FXNAX	AMZN	Difference
Sharpe ratio: Return per unit of total volatility	1.27	0.40	+0.88
Sortino ratio: Return per unit of downside risk	1.93	0.76	+1.17
Omega ratio: Gain probability vs. loss probability	1.23	1.09	+0.13
Calmar ratio: Return relative to maximum drawdown	1.69	0.55	+1.14
Martin ratio: Return relative to average drawdown	4.97	1.29	+3.68

FXNAX vs. AMZN - Sharpe Ratio Comparison

The current FXNAX Sharpe Ratio is 1.27, which is higher than the AMZN Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of FXNAX and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXNAX vs. AMZN - Drawdown Comparison

The maximum FXNAX drawdown since its inception was -19.51%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for FXNAX and AMZN.

Drawdown Indicators

	FXNAX	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-19.51%	-94.40%	+74.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-21.74%	+18.80%
Max Drawdown (3Y) Largest decline over 3 years	-6.16%	-30.88%	+24.72%
Max Drawdown (5Y) Largest decline over 5 years	-18.54%	-56.15%	+37.61%
Max Drawdown (10Y) Largest decline over 10 years	-19.51%	-56.15%	+36.64%
Current Drawdown Current decline from peak	-2.79%	-13.25%	+10.46%
Average Drawdown Average peak-to-trough decline	-3.86%	-28.19%	+24.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	9.21%	-8.21%

Volatility

FXNAX vs. AMZN - Volatility Comparison

The current volatility for Fidelity U.S. Bond Index Fund (FXNAX) is 1.41%, while Amazon.com, Inc (AMZN) has a volatility of 7.92%. This indicates that FXNAX experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXNAX	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	7.92%	-6.51%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	20.73%	-17.86%
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	30.13%	-26.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	35.53%	-29.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	32.48%	-27.47%

Dividends

FXNAX vs. AMZN - Dividend Comparison

FXNAX's dividend yield for the trailing twelve months is around 3.70%, while AMZN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXNAX Fidelity U.S. Bond Index Fund	3.70%	3.58%	3.40%	3.15%	1.81%	1.74%	2.92%	2.68%	2.74%	2.57%	2.76%	2.52%

Frequently Asked Questions

Can I hold both FXNAX and AMZN in my portfolio?

FXNAX and AMZN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXNAX or AMZN?

AMZN has higher volatility (7.92%) compared to FXNAX (1.41%). In terms of maximum drawdown, FXNAX dropped -19.51% vs AMZN's -94.40%.

Which has better risk-adjusted returns?

FXNAX currently has the higher Sharpe Ratio (1.27 vs 0.40), 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.