GBF vs. FIKQX
Compare and contrast key facts about iShares Government/Credit Bond ETF (GBF) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX).
GBF is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Government/Credit Bond Index. It was launched on Jan 11, 2007. FIKQX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
GBF vs. FIKQX - Performance Comparison
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GBF vs. FIKQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GBF iShares Government/Credit Bond ETF | 0.09% | 6.41% | 0.99% | 5.79% | -13.85% | -2.30% | 8.76% | 9.47% | 2.29% |
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | -0.21% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
Returns By Period
In the year-to-date period, GBF achieves a 0.09% return, which is significantly higher than FIKQX's -0.21% return.
GBF
- 1D
- -0.01%
- 1M
- -1.35%
- YTD
- 0.09%
- 6M
- 0.44%
- 1Y
- 3.51%
- 3Y*
- 3.20%
- 5Y*
- -0.04%
- 10Y*
- 1.58%
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
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GBF vs. FIKQX - Expense Ratio Comparison
GBF has a 0.20% expense ratio, which is lower than FIKQX's 0.36% expense ratio.
Return for Risk
GBF vs. FIKQX — Risk / Return Rank
GBF
FIKQX
GBF vs. FIKQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Government/Credit Bond ETF (GBF) and Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX). 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.
| GBF | FIKQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.95 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.37 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.64 | -0.11 |
Martin ratioReturn relative to average drawdown | 4.29 | 4.72 | -0.43 |
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
| GBF | FIKQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.95 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.07 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.49 | +0.09 |
Correlation
The correlation between GBF and FIKQX is 0.90, 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.
Dividends
GBF vs. FIKQX - Dividend Comparison
GBF's dividend yield for the trailing twelve months is around 3.77%, more than FIKQX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBF iShares Government/Credit Bond ETF | 3.77% | 3.81% | 3.94% | 3.03% | 2.13% | 1.22% | 1.64% | 2.64% | 2.59% | 2.31% | 2.09% | 2.04% |
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.66% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBF vs. FIKQX - Drawdown Comparison
The maximum GBF drawdown since its inception was -19.67%, which is greater than FIKQX's maximum drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for GBF and FIKQX.
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Drawdown Indicators
| GBF | FIKQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.67% | -18.53% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.83% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.45% | -18.53% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | — | — |
Current DrawdownCurrent decline from peak | -4.96% | -2.16% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -5.30% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.98% | -0.09% |
Volatility
GBF vs. FIKQX - Volatility Comparison
iShares Government/Credit Bond ETF (GBF) has a higher volatility of 1.64% compared to Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) at 1.48%. This indicates that GBF's price experiences larger fluctuations and is considered to be riskier than FIKQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBF | FIKQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.48% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.58% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 4.39% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 5.98% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.51% | -0.24% |