FXNAX vs. FSKAX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Market Index Fund (FSKAX).
FXNAX is managed by Fidelity. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXNAX or FSKAX.
Performance
FXNAX vs. FSKAX - Performance Comparison
Returns By Period
In the year-to-date period, FXNAX achieves a 1.62% return, which is significantly lower than FSKAX's 24.86% return. Over the past 10 years, FXNAX has underperformed FSKAX with an annualized return of 1.27%, while FSKAX has yielded a comparatively higher 12.36% annualized return.
FXNAX
1.62%
-0.87%
2.91%
6.17%
-0.52%
1.27%
FSKAX
24.86%
1.79%
12.56%
32.80%
14.94%
12.36%
Key characteristics
| FXNAX | FSKAX | |
|---|---|---|
| Sharpe Ratio | 1.05 | 2.57 |
| Sortino Ratio | 1.57 | 3.44 |
| Omega Ratio | 1.19 | 1.47 |
| Calmar Ratio | 0.40 | 3.77 |
| Martin Ratio | 3.29 | 16.39 |
| Ulcer Index | 1.81% | 1.98% |
| Daily Std Dev | 5.69% | 12.61% |
| Max Drawdown | -19.64% | -35.01% |
| Current Drawdown | -10.08% | -1.48% |
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FXNAX vs. FSKAX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FXNAX and FSKAX is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
FXNAX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Market Index Fund (FSKAX). 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
FXNAX vs. FSKAX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.32%, more than FSKAX's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
FSKAX Fidelity Total Market Index Fund | 1.16% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FXNAX vs. FSKAX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.64%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FXNAX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity U.S. Bond Index Fund (FXNAX) is 1.46%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.27%. This indicates that FXNAX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.