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.
Performance
RFAYX vs. FBNDX - Performance Comparison
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RFAYX vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | -0.12% | 7.47% | 1.57% | 4.85% | -14.80% | -1.09% | 9.10% | 9.03% | -0.56% | 3.57% |
FBNDX Fidelity Investment Grade Bond Fund | -0.36% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
Returns By Period
In the year-to-date period, RFAYX achieves a -0.12% return, which is significantly higher than FBNDX's -0.36% return. Over the past 10 years, RFAYX has underperformed FBNDX with an annualized return of 1.65%, while FBNDX has yielded a comparatively higher 2.22% annualized return.
RFAYX
- 1D
- 0.28%
- 1M
- -1.42%
- YTD
- -0.12%
- 6M
- 0.60%
- 1Y
- 4.03%
- 3Y*
- 3.44%
- 5Y*
- -0.18%
- 10Y*
- 1.65%
FBNDX
- 1D
- 0.14%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.36%
- 1Y
- 3.63%
- 3Y*
- 3.61%
- 5Y*
- 0.18%
- 10Y*
- 2.22%
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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.
Return for Risk
RFAYX vs. FBNDX — Risk / Return Rank
RFAYX
FBNDX
RFAYX vs. FBNDX - Risk-Adjusted Trends 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.
| RFAYX | FBNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.86 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.24 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.58 | +0.04 |
Martin ratioReturn relative to average drawdown | 4.86 | 4.56 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFAYX | FBNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.86 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.03 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.45 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.53 | +0.23 |
Correlation
The correlation between RFAYX and FBNDX is 0.90, 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.
Dividends
RFAYX vs. FBNDX - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 5.34%, more than FBNDX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 5.34% | 5.19% | 4.74% | 3.71% | 1.25% | 2.50% | 5.27% | 3.46% | 2.67% | 1.57% | 5.45% | 4.09% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
Drawdowns
RFAYX vs. FBNDX - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.61%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for RFAYX and FBNDX.
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Drawdown Indicators
| RFAYX | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -42.76% | +23.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.88% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.61% | -18.74% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -18.74% | -0.87% |
Current DrawdownCurrent decline from peak | -4.48% | -2.31% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -10.37% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.00% | -0.06% |
Volatility
RFAYX vs. FBNDX - Volatility Comparison
The current volatility for Russell Investments Investment Grade Bond Fund (RFAYX) is 1.44%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.62%. 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.
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Volatility by Period
| RFAYX | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.62% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.74% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.62% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 6.00% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.00% | -0.11% |