PTIAX vs. FBNDX
Compare and contrast key facts about Performance Trust Strategic Bond Fund (PTIAX) and Fidelity Investment Grade Bond Fund (FBNDX).
PTIAX is managed by Performance Trust Asset Management. It was launched on Aug 31, 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: PTIAX or FBNDX.
Key characteristics
| PTIAX | FBNDX | |
|---|---|---|
| YTD Return | 3.71% | 2.08% |
| 1Y Return | 10.18% | 8.40% |
| 3Y Return (Ann) | -0.87% | -2.05% |
| 5Y Return (Ann) | 0.89% | -0.07% |
| 10Y Return (Ann) | 2.96% | 1.65% |
| Sharpe Ratio | 1.91 | 1.22 |
| Sortino Ratio | 2.76 | 1.82 |
| Omega Ratio | 1.34 | 1.22 |
| Calmar Ratio | 0.81 | 0.46 |
| Martin Ratio | 8.34 | 4.19 |
| Ulcer Index | 1.22% | 1.71% |
| Daily Std Dev | 5.33% | 5.97% |
| Max Drawdown | -16.42% | -20.16% |
| Current Drawdown | -3.71% | -9.56% |
Correlation
The correlation between PTIAX and FBNDX is 0.74, 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
PTIAX vs. FBNDX - Performance Comparison
In the year-to-date period, PTIAX achieves a 3.71% return, which is significantly higher than FBNDX's 2.08% return. Over the past 10 years, PTIAX has outperformed FBNDX with an annualized return of 2.96%, while FBNDX has yielded a comparatively lower 1.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PTIAX vs. FBNDX - Expense Ratio Comparison
PTIAX has a 0.76% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
PTIAX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) 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
PTIAX vs. FBNDX - Dividend Comparison
PTIAX's dividend yield for the trailing twelve months is around 4.37%, more than FBNDX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 4.37% | 4.03% | 3.96% | 3.26% | 3.86% | 4.12% | 4.47% | 5.51% | 5.49% | 4.87% | 4.54% | 4.20% |
FBNDX Fidelity Investment Grade Bond Fund | 3.92% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
PTIAX vs. FBNDX - Drawdown Comparison
The maximum PTIAX drawdown since its inception was -16.42%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for PTIAX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
PTIAX vs. FBNDX - Volatility Comparison
The current volatility for Performance Trust Strategic Bond Fund (PTIAX) is 1.74%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.85%. This indicates that PTIAX 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.