MFBFX vs. FXNAX
Compare and contrast key facts about MFS Corporate Bond Fund (MFBFX) and Fidelity U.S. Bond Index Fund (FXNAX).
MFBFX is managed by MFS. It was launched on May 8, 1974. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFBFX or FXNAX.
Correlation
The correlation between MFBFX and FXNAX 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.
Performance
MFBFX vs. FXNAX - Performance Comparison
Key characteristics
MFBFX:
1.12
FXNAX:
0.97
MFBFX:
1.65
FXNAX:
1.45
MFBFX:
1.20
FXNAX:
1.17
MFBFX:
0.40
FXNAX:
0.38
MFBFX:
3.17
FXNAX:
2.37
MFBFX:
1.96%
FXNAX:
2.17%
MFBFX:
5.55%
FXNAX:
5.31%
MFBFX:
-25.56%
FXNAX:
-19.64%
MFBFX:
-10.64%
FXNAX:
-8.59%
Returns By Period
In the year-to-date period, MFBFX achieves a 0.89% return, which is significantly lower than FXNAX's 1.67% return. Over the past 10 years, MFBFX has outperformed FXNAX with an annualized return of 1.94%, while FXNAX has yielded a comparatively lower 1.30% annualized return.
MFBFX
0.89%
-1.37%
0.75%
4.88%
-0.53%
1.94%
FXNAX
1.67%
-1.53%
1.57%
5.14%
-1.21%
1.30%
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MFBFX vs. FXNAX - Expense Ratio Comparison
MFBFX has a 0.76% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
MFBFX vs. FXNAX — Risk-Adjusted Performance Rank
MFBFX
FXNAX
MFBFX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Corporate Bond Fund (MFBFX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
MFBFX vs. FXNAX - Dividend Comparison
MFBFX's dividend yield for the trailing twelve months is around 4.16%, more than FXNAX's 3.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFBFX MFS Corporate Bond Fund | 4.16% | 4.48% | 3.83% | 3.19% | 2.52% | 2.57% | 3.03% | 3.16% | 3.08% | 3.27% | 3.87% | 3.61% |
FXNAX Fidelity U.S. Bond Index Fund | 3.16% | 3.40% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
MFBFX vs. FXNAX - Drawdown Comparison
The maximum MFBFX drawdown since its inception was -25.56%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for MFBFX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
MFBFX vs. FXNAX - Volatility Comparison
MFS Corporate Bond Fund (MFBFX) has a higher volatility of 2.34% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 2.01%. This indicates that MFBFX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.