Correlation
The correlation between RFAYX and FBNDX is -0.15. 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.
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.
Performance
RFAYX vs. FBNDX - Performance Comparison
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Key characteristics
RFAYX:
1.13
FBNDX:
1.07
RFAYX:
1.64
FBNDX:
1.43
RFAYX:
1.19
FBNDX:
1.17
RFAYX:
0.42
FBNDX:
0.55
RFAYX:
2.64
FBNDX:
2.50
RFAYX:
2.22%
FBNDX:
2.16%
RFAYX:
5.25%
FBNDX:
5.63%
RFAYX:
-19.35%
FBNDX:
-18.19%
RFAYX:
-8.37%
FBNDX:
-5.23%
Returns By Period
In the year-to-date period, RFAYX achieves a 2.57% return, which is significantly higher than FBNDX's 2.42% return. Over the past 10 years, RFAYX has underperformed FBNDX with an annualized return of 1.59%, while FBNDX has yielded a comparatively higher 2.06% annualized return.
RFAYX
2.57%
-0.21%
0.78%
5.51%
1.28%
-0.80%
1.59%
FBNDX
2.42%
-0.56%
0.87%
5.40%
1.78%
-0.26%
2.06%
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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 Rank
RFAYX
FBNDX
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.
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Dividends
RFAYX vs. FBNDX - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 4.86%, more than FBNDX's 3.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 4.86% | 4.74% | 4.06% | 1.25% | 2.58% | 5.27% | 3.46% | 2.68% | 1.57% | 5.45% | 4.09% | 3.42% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.99% | 3.56% | 2.67% | 1.58% | 4.83% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Drawdowns
RFAYX vs. FBNDX - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.35%, which is greater than FBNDX's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for RFAYX and FBNDX.
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Volatility
RFAYX vs. FBNDX - Volatility Comparison
Russell Investments Investment Grade Bond Fund (RFAYX) and Fidelity Investment Grade Bond Fund (FBNDX) have volatilities of 1.44% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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