FXNAX vs. FTKFX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Bond K6 Fund (FTKFX).
FXNAX is managed by Fidelity. FTKFX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXNAX or FTKFX.
Key characteristics
| FXNAX | FTKFX | |
|---|---|---|
| YTD Return | -2.79% | -2.26% |
| 1Y Return | -1.08% | 0.59% |
| 3Y Return (Ann) | -3.49% | -2.45% |
| 5Y Return (Ann) | -0.13% | 1.07% |
| Sharpe Ratio | -0.20 | 0.06 |
| Daily Std Dev | 6.72% | 6.39% |
| Max Drawdown | -18.64% | -17.17% |
| Current Drawdown | -12.92% | -9.69% |
Correlation
The correlation between FXNAX and FTKFX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FXNAX vs. FTKFX - Performance Comparison
In the year-to-date period, FXNAX achieves a -2.79% return, which is significantly lower than FTKFX's -2.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FXNAX vs. FTKFX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than FTKFX's 0.30% expense ratio.
Risk-Adjusted Performance
FXNAX vs. FTKFX - 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 Bond K6 Fund (FTKFX). 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. FTKFX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 2.91%, less than FTKFX's 4.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 2.91% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
FTKFX Fidelity Total Bond K6 Fund | 4.18% | 4.25% | 3.33% | 2.62% | 6.23% | 3.35% | 2.92% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXNAX vs. FTKFX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -18.64%, which is greater than FTKFX's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for FXNAX and FTKFX. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. FTKFX - Volatility Comparison
Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Bond K6 Fund (FTKFX) have volatilities of 1.85% and 1.83%, 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.