MIFIX vs. FCBAX
Compare and contrast key facts about Miller Intermediate Bond Fund (MIFIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX).
MIFIX is managed by Miller Investment. It was launched on Dec 31, 2014. FCBAX is managed by Fidelity. It was launched on May 4, 2010.
Performance
MIFIX vs. FCBAX - Performance Comparison
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MIFIX vs. FCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | -0.64% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -1.91% | 3.10% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.25% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
Returns By Period
In the year-to-date period, MIFIX achieves a -0.64% return, which is significantly higher than FCBAX's -1.25% return. Over the past 10 years, MIFIX has outperformed FCBAX with an annualized return of 4.90%, while FCBAX has yielded a comparatively lower 2.48% annualized return.
MIFIX
- 1D
- -0.06%
- 1M
- -1.99%
- YTD
- -0.64%
- 6M
- 1.05%
- 1Y
- 5.25%
- 3Y*
- 6.36%
- 5Y*
- 2.80%
- 10Y*
- 4.90%
FCBAX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.25%
- 6M
- -0.55%
- 1Y
- 3.77%
- 3Y*
- 4.28%
- 5Y*
- 0.03%
- 10Y*
- 2.48%
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MIFIX vs. FCBAX - Expense Ratio Comparison
MIFIX has a 0.99% expense ratio, which is higher than FCBAX's 0.77% expense ratio.
Return for Risk
MIFIX vs. FCBAX — Risk / Return Rank
MIFIX
FCBAX
MIFIX vs. FCBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Intermediate Bond Fund (MIFIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX). 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.
| MIFIX | FCBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 0.91 | +0.69 |
Sortino ratioReturn per unit of downside risk | 2.36 | 1.27 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.45 | +0.39 |
Martin ratioReturn relative to average drawdown | 6.91 | 4.62 | +2.29 |
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
| MIFIX | FCBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 0.91 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.01 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.42 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.63 | +0.27 |
Correlation
The correlation between MIFIX and FCBAX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MIFIX vs. FCBAX - Dividend Comparison
MIFIX's dividend yield for the trailing twelve months is around 4.20%, more than FCBAX's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | 4.20% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.56% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
Drawdowns
MIFIX vs. FCBAX - Drawdown Comparison
The maximum MIFIX drawdown since its inception was -15.58%, smaller than the maximum FCBAX drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for MIFIX and FCBAX.
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Drawdown Indicators
| MIFIX | FCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -23.56% | +7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.31% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -11.87% | -23.44% | +11.57% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -23.56% | +7.98% |
Current DrawdownCurrent decline from peak | -2.68% | -4.81% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -4.34% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.04% | -0.33% |
Volatility
MIFIX vs. FCBAX - Volatility Comparison
The current volatility for Miller Intermediate Bond Fund (MIFIX) is 0.76%, while Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a volatility of 1.85%. This indicates that MIFIX experiences smaller price fluctuations and is considered to be less risky than FCBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIFIX | FCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.85% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 2.87% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 4.78% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 6.68% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 5.93% | -0.53% |