SSFEX vs. FCNVX
Compare and contrast key facts about State Street Aggregate Bond Index Fund Class K (SSFEX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
SSFEX is managed by State Street. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Performance
SSFEX vs. FCNVX - Performance Comparison
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SSFEX vs. FCNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSFEX State Street Aggregate Bond Index Fund Class K | -0.17% | 6.80% | 1.35% | 5.61% | -13.19% | -1.78% | -89.22% | 9.45% | -0.10% | 3.30% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.52% | 4.51% | 5.43% | 5.86% | 0.85% | -0.06% | 1.10% | 3.00% | 1.82% | 1.42% |
Returns By Period
In the year-to-date period, SSFEX achieves a -0.17% return, which is significantly lower than FCNVX's 0.52% return. Over the past 10 years, SSFEX has underperformed FCNVX with an annualized return of -19.27%, while FCNVX has yielded a comparatively higher 2.51% annualized return.
SSFEX
- 1D
- 0.53%
- 1M
- -1.96%
- YTD
- -0.17%
- 6M
- 0.82%
- 1Y
- 4.12%
- 3Y*
- 3.42%
- 5Y*
- 0.17%
- 10Y*
- -19.27%
FCNVX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.54%
- 1Y
- 3.88%
- 3Y*
- 5.02%
- 5Y*
- 3.41%
- 10Y*
- 2.51%
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SSFEX vs. FCNVX - Expense Ratio Comparison
SSFEX has a 0.03% expense ratio, which is lower than FCNVX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SSFEX vs. FCNVX — Risk / Return Rank
SSFEX
FCNVX
SSFEX vs. FCNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Aggregate Bond Index Fund Class K (SSFEX) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.
| SSFEX | FCNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 3.36 | -2.32 |
Sortino ratioReturn per unit of downside risk | 1.49 | 15.99 | -14.50 |
Omega ratioGain probability vs. loss probability | 1.18 | 6.88 | -5.70 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 21.58 | -19.62 |
Martin ratioReturn relative to average drawdown | 5.43 | 85.24 | -79.81 |
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
| SSFEX | FCNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 3.36 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 2.69 | -2.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.61 | 2.44 | -3.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 2.17 | -2.73 |
Correlation
The correlation between SSFEX and FCNVX is 0.19, 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.
Dividends
SSFEX vs. FCNVX - Dividend Comparison
SSFEX's dividend yield for the trailing twelve months is around 4.04%, more than FCNVX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSFEX State Street Aggregate Bond Index Fund Class K | 4.04% | 3.66% | 3.76% | 3.14% | 2.48% | 3.32% | 9.59% | 3.56% | 2.79% | 2.43% | 2.19% | 4.67% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 3.91% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
Drawdowns
SSFEX vs. FCNVX - Drawdown Comparison
The maximum SSFEX drawdown since its inception was -92.70%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for SSFEX and FCNVX.
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Drawdown Indicators
| SSFEX | FCNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.70% | -2.19% | -90.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.20% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -0.59% | -17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -92.70% | -2.19% | -90.51% |
Current DrawdownCurrent decline from peak | -90.11% | -0.10% | -90.01% |
Average DrawdownAverage peak-to-trough decline | -47.36% | -0.05% | -47.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.05% | +0.86% |
Volatility
SSFEX vs. FCNVX - Volatility Comparison
State Street Aggregate Bond Index Fund Class K (SSFEX) has a higher volatility of 1.61% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.10%. This indicates that SSFEX's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSFEX | FCNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.10% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 0.81% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 1.28% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 1.27% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.83% | 1.03% | +30.80% |