Correlation
The correlation between PTIAX and FBNDX is -0.11. 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.
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.
Performance
PTIAX vs. FBNDX - Performance Comparison
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Key characteristics
PTIAX:
0.91
FBNDX:
0.91
PTIAX:
1.46
FBNDX:
1.20
PTIAX:
1.17
FBNDX:
1.14
PTIAX:
0.74
FBNDX:
0.46
PTIAX:
2.98
FBNDX:
2.08
PTIAX:
1.82%
FBNDX:
2.16%
PTIAX:
5.38%
FBNDX:
5.60%
PTIAX:
-16.42%
FBNDX:
-18.19%
PTIAX:
-2.59%
FBNDX:
-5.50%
Returns By Period
In the year-to-date period, PTIAX achieves a 1.34% return, which is significantly lower than FBNDX's 2.13% return. Over the past 10 years, PTIAX has outperformed FBNDX with an annualized return of 2.90%, while FBNDX has yielded a comparatively lower 2.10% annualized return.
PTIAX
1.34%
-0.23%
-0.69%
4.88%
2.62%
1.17%
2.90%
FBNDX
2.13%
-0.42%
0.27%
5.11%
1.86%
-0.39%
2.10%
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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 Rank
PTIAX
FBNDX
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.
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Dividends
PTIAX vs. FBNDX - Dividend Comparison
PTIAX's dividend yield for the trailing twelve months is around 4.54%, more than FBNDX's 3.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 4.54% | 4.45% | 4.03% | 3.96% | 3.59% | 3.86% | 4.12% | 4.47% | 5.51% | 5.49% | 4.87% | 4.54% |
FBNDX Fidelity Investment Grade Bond Fund | 3.59% | 3.99% | 3.56% | 2.67% | 1.58% | 4.83% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Drawdowns
PTIAX vs. FBNDX - Drawdown Comparison
The maximum PTIAX drawdown since its inception was -16.42%, smaller than the maximum FBNDX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for PTIAX and FBNDX.
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Volatility
PTIAX vs. FBNDX - Volatility Comparison
Performance Trust Strategic Bond Fund (PTIAX) has a higher volatility of 1.60% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.48%. This indicates that PTIAX's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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