SBFCX vs. FSIGX
SBFCX (Victory INCORE Investment Grade Convertible Fund Class A) and FSIGX (Fidelity Series Investment Grade Bond Fund) are both mutual funds - SBFCX is a Convertible Bonds fund managed by Victory, while FSIGX is a Investment Grade Bonds fund managed by Fidelity. Over the past 10 years, SBFCX returned 7.22%/yr vs 2.10%/yr for FSIGX. Their -0.08 correlation means they have often moved in opposite directions in the past.
Performance
SBFCX vs. FSIGX - Performance Comparison
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Returns By Period
In the year-to-date period, SBFCX achieves a 3.98% return, which is significantly higher than FSIGX's -0.78% return. Over the past 10 years, SBFCX has outperformed FSIGX with an annualized return of 7.22%, while FSIGX has yielded a comparatively lower 2.10% annualized return.
SBFCX
- 1D
- 0.59%
- 1M
- -0.95%
- 6M
- 3.13%
- YTD
- 3.98%
- 1Y
- 5.86%
- 3Y*
- 6.96%
- 5Y*
- 3.18%
- 10Y*
- 7.22%
- ALL TIME*
- 6.69%
FSIGX
- 1D
- -0.30%
- 1M
- -1.49%
- 6M
- -0.84%
- YTD
- -0.78%
- 1Y
- 1.60%
- 3Y*
- 4.24%
- 5Y*
- -0.03%
- 10Y*
- 2.10%
- ALL TIME*
- 3.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SBFCX vs. FSIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.98% | 5.07% | 9.48% | 7.98% | -11.63% | 10.90% | 11.35% | 19.84% | -0.44% | 18.47% |
FSIGX Fidelity Series Investment Grade Bond Fund | -0.78% | 7.65% | 1.79% | 6.82% | -13.30% | -0.67% | 9.71% | 9.75% | -0.15% | 4.39% |
Correlation
The correlation between SBFCX and FSIGX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2008 | -0.08 |
The correlation between SBFCX and FSIGX shifts across timeframes, from -0.08 (all time) to 0.30 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SBFCX vs. FSIGX — Risk / Return Rank
SBFCX
FSIGX
SBFCX vs. FSIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) and Fidelity Series Investment Grade Bond Fund (FSIGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SBFCX | FSIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.84 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.28 | 2.04 | +2.24 |
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Drawdowns
SBFCX vs. FSIGX - Drawdown Comparison
The maximum SBFCX drawdown since its inception was -47.88%, which is greater than FSIGX's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for SBFCX and FSIGX.
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Drawdown Indicators
| SBFCX | FSIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.88% | -18.22% | -29.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -2.99% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.68% | -5.20% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -18.22% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -23.79% | -18.22% | -5.57% |
Current DrawdownCurrent decline from peak | -2.34% | -2.78% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -2.68% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.23% | +0.02% |
Volatility
SBFCX vs. FSIGX - Volatility Comparison
Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) has a higher volatility of 1.53% compared to Fidelity Series Investment Grade Bond Fund (FSIGX) at 1.04%. This indicates that SBFCX's price experiences larger fluctuations and is considered to be riskier than FSIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBFCX | FSIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.04% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 3.04% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 3.89% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.22% | 6.07% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 5.03% | +4.49% |
Dividends
SBFCX vs. FSIGX - Dividend Comparison
SBFCX's dividend yield for the trailing twelve months is around 3.12%, less than FSIGX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | 3.98% | 4.24% | 4.01% | 4.00% | 2.37% | 1.88% | 6.32% | 3.09% | 3.20% | 2.86% | 4.32% | 3.07% |
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.12% | 4.35% | 1.87% | 2.84% | 2.19% | 9.86% | 4.88% | 4.94% | 5.66% | 3.13% | 1.38% | 2.53% |
Frequently Asked Questions
SBFCX and FSIGX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBFCX has higher volatility (1.53%) compared to FSIGX (1.04%). In terms of maximum drawdown, SBFCX dropped -47.88% vs FSIGX's -18.22%.
SBFCX currently has the higher Sharpe Ratio (0.84 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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