Correlation
The correlation between MAWIX and FBNDX is -0.05. 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.
MAWIX vs. FBNDX
Compare and contrast key facts about BlackRock Strategic Global Bond Fund (MAWIX) and Fidelity Investment Grade Bond Fund (FBNDX).
MAWIX is managed by Blackrock. It was launched on Sep 28, 1988. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAWIX or FBNDX.
Performance
MAWIX vs. FBNDX - Performance Comparison
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Key characteristics
MAWIX:
1.64
FBNDX:
1.07
MAWIX:
2.22
FBNDX:
1.43
MAWIX:
1.30
FBNDX:
1.17
MAWIX:
0.54
FBNDX:
0.55
MAWIX:
3.26
FBNDX:
2.50
MAWIX:
2.13%
FBNDX:
2.16%
MAWIX:
4.53%
FBNDX:
5.63%
MAWIX:
-32.07%
FBNDX:
-18.19%
MAWIX:
-6.35%
FBNDX:
-5.23%
Returns By Period
In the year-to-date period, MAWIX achieves a 3.88% return, which is significantly higher than FBNDX's 2.42% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MAWIX at 2.06% and FBNDX at 2.06%.
MAWIX
3.88%
0.57%
2.60%
6.88%
1.61%
0.16%
2.06%
FBNDX
2.42%
-0.56%
0.87%
5.40%
1.78%
-0.26%
2.06%
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MAWIX vs. FBNDX - Expense Ratio Comparison
MAWIX has a 0.57% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
MAWIX vs. FBNDX — Risk-Adjusted Performance Rank
MAWIX
FBNDX
MAWIX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Global Bond Fund (MAWIX) and Fidelity Investment Grade Bond Fund (FBNDX). 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.
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Dividends
MAWIX vs. FBNDX - Dividend Comparison
MAWIX's dividend yield for the trailing twelve months is around 3.18%, less than FBNDX's 3.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAWIX BlackRock Strategic Global Bond Fund | 3.18% | 2.93% | 2.80% | 3.22% | 1.81% | 4.69% | 2.50% | 2.63% | 3.13% | 2.75% | 5.82% | 1.58% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.99% | 3.56% | 2.67% | 1.58% | 4.83% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Drawdowns
MAWIX vs. FBNDX - Drawdown Comparison
The maximum MAWIX drawdown since its inception was -32.07%, which is greater than FBNDX's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for MAWIX and FBNDX.
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Volatility
MAWIX vs. FBNDX - Volatility Comparison
The current volatility for BlackRock Strategic Global Bond Fund (MAWIX) is 1.30%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.51%. This indicates that MAWIX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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