RFAYX vs. FBNDX
Compare and contrast key facts about Russell Investments Investment Grade Bond Fund (RFAYX) and Fidelity Investment Grade Bond Fund (FBNDX).
RFAYX is managed by Russell. It was launched on Mar 29, 2000. 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: RFAYX or FBNDX.
Key characteristics
| RFAYX | FBNDX | |
|---|---|---|
| YTD Return | 2.09% | 2.66% |
| 1Y Return | 8.38% | 9.01% |
| 3Y Return (Ann) | -2.89% | -1.87% |
| 5Y Return (Ann) | -0.15% | 0.12% |
| 10Y Return (Ann) | 1.50% | 1.71% |
| Sharpe Ratio | 1.48 | 1.43 |
| Sortino Ratio | 2.17 | 2.13 |
| Omega Ratio | 1.26 | 1.26 |
| Calmar Ratio | 0.50 | 0.54 |
| Martin Ratio | 5.32 | 4.95 |
| Ulcer Index | 1.61% | 1.69% |
| Daily Std Dev | 5.79% | 5.95% |
| Max Drawdown | -19.36% | -20.16% |
| Current Drawdown | -10.23% | -9.06% |
Correlation
The correlation between RFAYX and FBNDX is 0.87, 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
RFAYX vs. FBNDX - Performance Comparison
In the year-to-date period, RFAYX achieves a 2.09% return, which is significantly lower than FBNDX's 2.66% return. Over the past 10 years, RFAYX has underperformed FBNDX with an annualized return of 1.50%, while FBNDX has yielded a comparatively higher 1.71% 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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RFAYX vs. FBNDX - Expense Ratio Comparison
RFAYX has a 0.32% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
RFAYX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Investment Grade Bond Fund (RFAYX) 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
RFAYX vs. FBNDX - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 3.49%, less than FBNDX's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 3.49% | 4.07% | 1.26% | 2.16% | 1.68% | 3.46% | 2.68% | 1.58% | 2.48% | 2.00% | 3.52% | 1.20% |
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
RFAYX vs. FBNDX - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.36%, roughly equal to the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for RFAYX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
RFAYX vs. FBNDX - Volatility Comparison
The current volatility for Russell Investments Investment Grade Bond Fund (RFAYX) is 1.52%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.77%. This indicates that RFAYX 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.