OFIYX vs. FBNDX
Compare and contrast key facts about Invesco Intermediate Bond Factor Fund (OFIYX) and Fidelity Investment Grade Bond Fund (FBNDX).
OFIYX is managed by Invesco. It was launched on Aug 2, 2010. 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: OFIYX or FBNDX.
Correlation
The correlation between OFIYX and FBNDX is 0.91, 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
OFIYX vs. FBNDX - Performance Comparison
Key characteristics
OFIYX:
0.79
FBNDX:
0.77
OFIYX:
1.17
FBNDX:
1.15
OFIYX:
1.14
FBNDX:
1.14
OFIYX:
0.29
FBNDX:
0.29
OFIYX:
2.05
FBNDX:
1.92
OFIYX:
2.00%
FBNDX:
2.15%
OFIYX:
5.21%
FBNDX:
5.37%
OFIYX:
-20.67%
FBNDX:
-20.16%
OFIYX:
-9.46%
FBNDX:
-9.06%
Returns By Period
Over the past 10 years, OFIYX has underperformed FBNDX with an annualized return of 1.32%, while FBNDX has yielded a comparatively higher 1.58% annualized return.
OFIYX
0.00%
0.22%
-1.40%
3.77%
-0.98%
1.32%
FBNDX
0.71%
0.85%
-0.98%
4.27%
-0.41%
1.58%
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OFIYX vs. FBNDX - Expense Ratio Comparison
OFIYX has a 0.27% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
OFIYX vs. FBNDX — Risk-Adjusted Performance Rank
OFIYX
FBNDX
OFIYX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Bond Factor Fund (OFIYX) 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.
Dividends
OFIYX vs. FBNDX - Dividend Comparison
OFIYX's dividend yield for the trailing twelve months is around 4.07%, more than FBNDX's 3.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OFIYX Invesco Intermediate Bond Factor Fund | 4.07% | 4.03% | 3.27% | 4.03% | 1.93% | 2.37% | 3.32% | 3.36% | 3.12% | 2.91% | 3.46% | 3.34% |
FBNDX Fidelity Investment Grade Bond Fund | 3.63% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% |
Drawdowns
OFIYX vs. FBNDX - Drawdown Comparison
The maximum OFIYX drawdown since its inception was -20.67%, roughly equal to the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for OFIYX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
OFIYX vs. FBNDX - Volatility Comparison
The current volatility for Invesco Intermediate Bond Factor Fund (OFIYX) is 1.17%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.33%. This indicates that OFIYX 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.