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NOCBX vs. FGBPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


NOCBXFGBPX
YTD Return1.56%1.89%
1Y Return6.95%6.93%
3Y Return (Ann)-2.39%-2.15%
5Y Return (Ann)-0.59%-0.13%
10Y Return (Ann)1.01%1.58%
Sharpe Ratio1.371.16
Sortino Ratio1.981.73
Omega Ratio1.241.20
Calmar Ratio0.510.43
Martin Ratio4.974.10
Ulcer Index1.65%1.65%
Daily Std Dev5.99%5.97%
Max Drawdown-20.21%-20.21%
Current Drawdown-9.86%-9.90%

Correlation

-0.50.00.51.00.9

The correlation between NOCBX and FGBPX is 0.88, 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.

Performance

NOCBX vs. FGBPX - Performance Comparison

In the year-to-date period, NOCBX achieves a 1.56% return, which is significantly lower than FGBPX's 1.89% return. Over the past 10 years, NOCBX has underperformed FGBPX with an annualized return of 1.01%, while FGBPX has yielded a comparatively higher 1.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.42%
2.38%
NOCBX
FGBPX

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NOCBX vs. FGBPX - Expense Ratio Comparison

NOCBX has a 0.42% expense ratio, which is lower than FGBPX's 0.49% expense ratio.


FGBPX
Fidelity Advisor Investment Grade Bond Fund Class I
Expense ratio chart for FGBPX: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for NOCBX: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

NOCBX vs. FGBPX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Core Bond Fund (NOCBX) and Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX). 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.


NOCBX
Sharpe ratio
The chart of Sharpe ratio for NOCBX, currently valued at 1.17, compared to the broader market0.002.004.001.17
Sortino ratio
The chart of Sortino ratio for NOCBX, currently valued at 1.68, compared to the broader market0.005.0010.001.68
Omega ratio
The chart of Omega ratio for NOCBX, currently valued at 1.21, compared to the broader market1.002.003.004.001.21
Calmar ratio
The chart of Calmar ratio for NOCBX, currently valued at 0.44, compared to the broader market0.005.0010.0015.0020.000.44
Martin ratio
The chart of Martin ratio for NOCBX, currently valued at 4.13, compared to the broader market0.0020.0040.0060.0080.00100.004.13
FGBPX
Sharpe ratio
The chart of Sharpe ratio for FGBPX, currently valued at 1.16, compared to the broader market0.002.004.001.16
Sortino ratio
The chart of Sortino ratio for FGBPX, currently valued at 1.73, compared to the broader market0.005.0010.001.73
Omega ratio
The chart of Omega ratio for FGBPX, currently valued at 1.20, compared to the broader market1.002.003.004.001.20
Calmar ratio
The chart of Calmar ratio for FGBPX, currently valued at 0.43, compared to the broader market0.005.0010.0015.0020.000.43
Martin ratio
The chart of Martin ratio for FGBPX, currently valued at 4.10, compared to the broader market0.0020.0040.0060.0080.00100.004.10

NOCBX vs. FGBPX - Sharpe Ratio Comparison

The current NOCBX Sharpe Ratio is 1.37, which is comparable to the FGBPX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of NOCBX and FGBPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.17
1.16
NOCBX
FGBPX

Dividends

NOCBX vs. FGBPX - Dividend Comparison

NOCBX's dividend yield for the trailing twelve months is around 4.09%, more than FGBPX's 3.87% yield.


TTM20232022202120202019201820172016201520142013
NOCBX
Northern Core Bond Fund
4.09%3.64%2.87%1.72%1.97%2.67%3.06%2.90%2.19%2.40%2.17%2.63%
FGBPX
Fidelity Advisor Investment Grade Bond Fund Class I
3.87%3.48%2.59%1.52%1.80%2.72%2.82%2.12%2.45%2.86%2.48%2.31%

Drawdowns

NOCBX vs. FGBPX - Drawdown Comparison

The maximum NOCBX drawdown since its inception was -20.21%, roughly equal to the maximum FGBPX drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for NOCBX and FGBPX. For additional features, visit the drawdowns tool.


-13.00%-12.00%-11.00%-10.00%-9.00%-8.00%-7.00%JuneJulyAugustSeptemberOctoberNovember
-9.86%
-9.90%
NOCBX
FGBPX

Volatility

NOCBX vs. FGBPX - Volatility Comparison

Northern Core Bond Fund (NOCBX) and Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) have volatilities of 1.72% and 1.74%, 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.


1.00%1.20%1.40%1.60%1.80%2.00%JuneJulyAugustSeptemberOctoberNovember
1.72%
1.74%
NOCBX
FGBPX