PYTRX vs. FBNDX
Compare and contrast key facts about Putnam Fixed Income Absolute Return Fund (PYTRX) and Fidelity Investment Grade Bond Fund (FBNDX).
PYTRX is managed by Putnam. It was launched on Dec 22, 2008. 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: PYTRX or FBNDX.
Correlation
The correlation between PYTRX and FBNDX is 0.10, 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.
Performance
PYTRX vs. FBNDX - Performance Comparison
Key characteristics
PYTRX:
0.74
FBNDX:
0.95
PYTRX:
1.06
FBNDX:
1.41
PYTRX:
1.13
FBNDX:
1.17
PYTRX:
0.83
FBNDX:
0.42
PYTRX:
2.00
FBNDX:
2.66
PYTRX:
1.92%
FBNDX:
1.95%
PYTRX:
5.16%
FBNDX:
5.41%
PYTRX:
-11.43%
FBNDX:
-19.85%
PYTRX:
-2.34%
FBNDX:
-6.12%
Returns By Period
In the year-to-date period, PYTRX achieves a 1.26% return, which is significantly higher than FBNDX's 0.99% return. Over the past 10 years, PYTRX has outperformed FBNDX with an annualized return of 2.13%, while FBNDX has yielded a comparatively lower 1.89% annualized return.
PYTRX
1.26%
1.51%
0.51%
4.10%
0.94%
2.13%
FBNDX
0.99%
1.13%
0.60%
4.73%
0.22%
1.89%
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PYTRX vs. FBNDX - Expense Ratio Comparison
PYTRX has a 0.46% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
PYTRX vs. FBNDX — Risk-Adjusted Performance Rank
PYTRX
FBNDX
PYTRX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Fixed Income Absolute Return Fund (PYTRX) 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
PYTRX vs. FBNDX - Dividend Comparison
PYTRX's dividend yield for the trailing twelve months is around 4.65%, less than FBNDX's 4.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYTRX Putnam Fixed Income Absolute Return Fund | 4.65% | 4.69% | 4.85% | 6.24% | 4.90% | 3.44% | 4.46% | 3.75% | 4.76% | 3.40% | 4.96% | 7.71% |
FBNDX Fidelity Investment Grade Bond Fund | 4.90% | 5.29% | 4.48% | 3.38% | 1.53% | 1.88% | 2.77% | 3.24% | 2.17% | 2.50% | 2.90% | 2.59% |
Drawdowns
PYTRX vs. FBNDX - Drawdown Comparison
The maximum PYTRX drawdown since its inception was -11.43%, smaller than the maximum FBNDX drawdown of -19.85%. Use the drawdown chart below to compare losses from any high point for PYTRX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
PYTRX vs. FBNDX - Volatility Comparison
The current volatility for Putnam Fixed Income Absolute Return Fund (PYTRX) is 1.39%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.53%. This indicates that PYTRX 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.