HFAAX vs. FBIIX
HFAAX (Janus Henderson Developed World Bond Fund) and FBIIX (Fidelity International Bond Index Fund) are both Global Bonds funds. Over the past 5 years, HFAAX returned -0.80%/yr vs 0.81%/yr for FBIIX. A 0.76 correlation means they provide meaningful diversification when combined. HFAAX charges 0.83%/yr vs 0.06%/yr for FBIIX.
Performance
HFAAX vs. FBIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HFAAX achieves a 0.74% return, which is significantly lower than FBIIX's 1.16% return.
HFAAX
- 1D
- -0.13%
- 1M
- 0.73%
- YTD
- 0.74%
- 6M
- 0.94%
- 1Y
- 4.30%
- 3Y*
- 4.24%
- 5Y*
- -0.80%
- 10Y*
- 2.22%
FBIIX
- 1D
- -0.22%
- 1M
- 0.88%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 2.22%
- 3Y*
- 4.16%
- 5Y*
- 0.81%
- 10Y*
- —
HFAAX vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HFAAX Janus Henderson Developed World Bond Fund | 0.74% | 5.75% | 1.52% | 6.35% | -16.76% | -0.78% | 9.16% | -1.06% |
FBIIX Fidelity International Bond Index Fund | 1.16% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
Correlation
The correlation between HFAAX and FBIIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.76 |
The correlation between HFAAX and FBIIX shifts across timeframes, from 0.65 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HFAAX vs. FBIIX — Risk / Return Rank
HFAAX
FBIIX
HFAAX vs. FBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Developed World Bond Fund (HFAAX) and Fidelity International Bond Index Fund (FBIIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HFAAX | FBIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.14 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.80 | +1.37 |
| Martin ratioReturn relative to average drawdown | 8.32 | 2.18 | +6.14 |
Loading charts...
Drawdowns
HFAAX vs. FBIIX - Drawdown Comparison
The maximum HFAAX drawdown since its inception was -44.89%, which is greater than FBIIX's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for HFAAX and FBIIX.
Loading charts...
Drawdown Indicators
| HFAAX | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.89% | -13.79% | -31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.78% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -2.78% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -13.74% | -7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -21.62% | — | — |
Current DrawdownCurrent decline from peak | -5.83% | -0.79% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -4.10% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.02% | -0.47% |
Volatility
HFAAX vs. FBIIX - Volatility Comparison
Janus Henderson Developed World Bond Fund (HFAAX) and Fidelity International Bond Index Fund (FBIIX) have volatilities of 0.81% and 0.85%, 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.
Loading charts...
Volatility by Period
| HFAAX | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.85% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 2.67% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 3.04% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 3.59% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 3.42% | +1.32% |
HFAAX vs. FBIIX - Expense Ratio Comparison
HFAAX has a 0.83% expense ratio, which is higher than FBIIX's 0.06% expense ratio.
Dividends
HFAAX vs. FBIIX - Dividend Comparison
HFAAX's dividend yield for the trailing twelve months is around 3.70%, less than FBIIX's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIIX Fidelity International Bond Index Fund | 4.16% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
HFAAX Janus Henderson Developed World Bond Fund | 3.70% | 3.51% | 2.90% | 2.32% | 8.76% | 1.33% | 4.31% | 3.44% | 4.86% | 2.69% | 2.44% | 3.34% |
Frequently Asked Questions
HFAAX and FBIIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBIIX has higher volatility (0.85%) compared to HFAAX (0.81%). In terms of maximum drawdown, HFAAX dropped -44.89% vs FBIIX's -13.79%.
HFAAX currently has the higher Sharpe Ratio (2.04 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HFAAX and FBIIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer