FYBTX vs. FSKAX
Compare and contrast key facts about Fidelity Series Short-Term Credit Fund (FYBTX) and Fidelity Total Market Index Fund (FSKAX).
FYBTX is managed by Fidelity. It was launched on Mar 27, 2015. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FYBTX or FSKAX.
Correlation
The correlation between FYBTX and FSKAX is -0.03. 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.
Performance
FYBTX vs. FSKAX - Performance Comparison
Key characteristics
FYBTX:
2.47
FSKAX:
1.90
FYBTX:
4.31
FSKAX:
2.54
FYBTX:
1.59
FSKAX:
1.35
FYBTX:
5.68
FSKAX:
2.87
FYBTX:
14.25
FSKAX:
12.38
FYBTX:
0.36%
FSKAX:
2.00%
FYBTX:
2.04%
FSKAX:
12.99%
FYBTX:
-6.02%
FSKAX:
-35.01%
FYBTX:
-0.74%
FSKAX:
-4.05%
Returns By Period
In the year-to-date period, FYBTX achieves a 4.86% return, which is significantly lower than FSKAX's 23.70% return.
FYBTX
4.86%
-0.10%
2.66%
5.18%
2.14%
N/A
FSKAX
23.70%
-0.40%
8.56%
23.81%
13.88%
12.34%
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FYBTX vs. FSKAX - Expense Ratio Comparison
FYBTX has a 0.00% expense ratio, which is lower than FSKAX's 0.02% 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%.
Risk-Adjusted Performance
FYBTX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Short-Term Credit Fund (FYBTX) 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
FYBTX vs. FSKAX - Dividend Comparison
FYBTX's dividend yield for the trailing twelve months is around 3.50%, more than FSKAX's 0.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | 3.50% | 2.74% | 1.71% | 1.47% | 2.20% | 2.74% | 2.44% | 1.59% | 1.08% | 0.92% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 0.18% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FYBTX vs. FSKAX - Drawdown Comparison
The maximum FYBTX drawdown since its inception was -6.02%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FYBTX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FYBTX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Series Short-Term Credit Fund (FYBTX) is 0.40%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 3.92%. This indicates that FYBTX 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.