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.
Performance
FXNAX vs. FSKAX - Performance Comparison
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FXNAX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | -0.45% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FXNAX achieves a -0.45% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FXNAX has underperformed FSKAX with an annualized return of 1.52%, while FSKAX has yielded a comparatively higher 13.23% annualized return.
FXNAX
- 1D
- 0.48%
- 1M
- -2.25%
- YTD
- -0.45%
- 6M
- 0.56%
- 1Y
- 3.79%
- 3Y*
- 3.45%
- 5Y*
- 0.12%
- 10Y*
- 1.52%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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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%.
Return for Risk
FXNAX vs. FSKAX — Risk / Return Rank
FXNAX
FSKAX
FXNAX vs. FSKAX - Risk-Adjusted Trends 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.
| FXNAX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.83 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.29 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.04 | +0.77 |
Martin ratioReturn relative to average drawdown | 5.15 | 5.05 | +0.10 |
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
| FXNAX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.83 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.59 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.72 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.78 | -0.33 |
Correlation
The correlation between FXNAX and FSKAX is -0.13. 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.
Dividends
FXNAX vs. FSKAX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.35%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.35% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FXNAX vs. FSKAX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.51%, 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.
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Drawdown Indicators
| FXNAX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -35.01% | +15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -12.42% | +9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -25.39% | +6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -19.51% | -35.01% | +15.50% |
Current DrawdownCurrent decline from peak | -3.72% | -8.92% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -4.05% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.57% | -1.62% |
Volatility
FXNAX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity U.S. Bond Index Fund (FXNAX) is 1.57%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. 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.
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Volatility by Period
| FXNAX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 4.42% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 9.40% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 18.50% | -14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 17.38% | -11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 18.42% | -13.43% |