FXNAX vs. SWAGX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX).
FXNAX is managed by Fidelity. SWAGX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXNAX or SWAGX.
Performance
FXNAX vs. SWAGX - Performance Comparison
Returns By Period
In the year-to-date period, FXNAX achieves a 1.62% return, which is significantly higher than SWAGX's 1.39% return.
FXNAX
1.62%
-0.87%
2.91%
6.17%
-0.52%
1.27%
SWAGX
1.39%
-0.79%
3.01%
6.26%
-0.37%
N/A
Key characteristics
| FXNAX | SWAGX | |
|---|---|---|
| Sharpe Ratio | 1.05 | 1.09 |
| Sortino Ratio | 1.57 | 1.60 |
| Omega Ratio | 1.19 | 1.19 |
| Calmar Ratio | 0.40 | 0.42 |
| Martin Ratio | 3.29 | 3.46 |
| Ulcer Index | 1.81% | 1.81% |
| Daily Std Dev | 5.69% | 5.74% |
| Max Drawdown | -19.64% | -18.84% |
| Current Drawdown | -10.08% | -9.21% |
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FXNAX vs. SWAGX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than SWAGX's 0.04% expense ratio. Despite the difference, 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 SWAGX 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.
Risk-Adjusted Performance
FXNAX vs. SWAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). 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. SWAGX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.32%, less than SWAGX's 3.80% 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% |
SWAGX Schwab U.S. Aggregate Bond Index Fund | 3.80% | 3.22% | 2.60% | 2.06% | 2.36% | 2.86% | 2.80% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXNAX vs. SWAGX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.64%, roughly equal to the maximum SWAGX drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FXNAX and SWAGX. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. SWAGX - Volatility Comparison
The current volatility for Fidelity U.S. Bond Index Fund (FXNAX) is 1.46%, while Schwab U.S. Aggregate Bond Index Fund (SWAGX) has a volatility of 1.54%. This indicates that FXNAX experiences smaller price fluctuations and is considered to be less risky than SWAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.