TBIRX vs. FSRIX
TBIRX (Nuveen Bond Index Fund Retirement Class) and FSRIX (Fidelity Advisor Strategic Income Fund Class I) are both Total Bond Market funds. Over the past 10 years, TBIRX returned 0.91%/yr vs 3.98%/yr for FSRIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. TBIRX charges 0.32%/yr vs 0.71%/yr for FSRIX.
Performance
TBIRX vs. FSRIX - Performance Comparison
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Returns By Period
In the year-to-date period, TBIRX achieves a -0.73% return, which is significantly lower than FSRIX's 1.74% return. Over the past 10 years, TBIRX has underperformed FSRIX with an annualized return of 0.91%, while FSRIX has yielded a comparatively higher 3.98% annualized return.
TBIRX
- 1D
- 0.00%
- 1M
- -1.34%
- 6M
- -1.04%
- YTD
- -0.73%
- 1Y
- 1.59%
- 3Y*
- 3.27%
- 5Y*
- -0.94%
- 10Y*
- 0.91%
- ALL TIME*
- 2.09%
FSRIX
- 1D
- 0.33%
- 1M
- -1.23%
- 6M
- 1.08%
- YTD
- 1.74%
- 1Y
- 5.46%
- 3Y*
- 7.06%
- 5Y*
- 2.64%
- 10Y*
- 3.98%
- ALL TIME*
- 2.13%
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 |
TBIRX vs. FSRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBIRX Nuveen Bond Index Fund Retirement Class | -0.73% | 6.85% | 0.81% | 5.01% | -13.87% | -2.05% | 7.50% | 8.28% | -0.57% | 3.17% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | 1.74% | 8.97% | 5.97% | 9.51% | -11.91% | 3.50% | 7.50% | 11.01% | -2.70% | 8.08% |
Correlation
The correlation between TBIRX and FSRIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.51 |
The correlation between TBIRX and FSRIX shifts across timeframes, from 0.51 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TBIRX vs. FSRIX — Risk / Return Rank
TBIRX
FSRIX
TBIRX vs. FSRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Bond Index Fund Retirement Class (TBIRX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX). 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.
| TBIRX | FSRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.20 | -1.28 |
| Martin ratioReturn relative to average drawdown | 2.23 | 8.52 | -6.29 |
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Drawdowns
TBIRX vs. FSRIX - Drawdown Comparison
The maximum TBIRX drawdown since its inception was -19.64%, smaller than the maximum FSRIX drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for TBIRX and FSRIX.
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Drawdown Indicators
| TBIRX | FSRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -22.98% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.70% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -3.64% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -15.99% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | -15.99% | -3.65% |
Current DrawdownCurrent decline from peak | -5.77% | -1.71% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -4.67% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.69% | +0.54% |
Volatility
TBIRX vs. FSRIX - Volatility Comparison
Nuveen Bond Index Fund Retirement Class (TBIRX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX) have volatilities of 1.01% and 1.04%, 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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Volatility by Period
| TBIRX | FSRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.04% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 3.30% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 3.83% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 4.58% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.46% | +0.54% |
TBIRX vs. FSRIX - Expense Ratio Comparison
TBIRX has a 0.32% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Dividends
TBIRX vs. FSRIX - Dividend Comparison
TBIRX's dividend yield for the trailing twelve months is around 3.42%, less than FSRIX's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.00% | 4.29% | 4.11% | 4.28% | 2.91% | 4.18% | 4.53% | 4.30% | 3.74% | 4.17% | 3.75% | 3.09% |
TBIRX Nuveen Bond Index Fund Retirement Class | 3.42% | 3.48% | 2.91% | 2.23% | 1.89% | 1.81% | 2.90% | 2.56% | 2.23% | 2.19% | 2.06% | 1.95% |
Frequently Asked Questions
TBIRX and FSRIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRIX has higher volatility (1.04%) compared to TBIRX (1.01%). In terms of maximum drawdown, TBIRX dropped -19.64% vs FSRIX's -22.98%.
FSRIX currently has the higher Sharpe Ratio (1.55 vs 0.73), 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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