VFIDX vs. FIKOX
VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) and FIKOX (Fidelity Advisor Corporate Bond Fund Class Z) are both mutual funds - VFIDX is a Total Bond Market fund managed by Vanguard, while FIKOX is a Corporate Bonds fund managed by Fidelity. Over the past 5 years, VFIDX returned 1.12%/yr vs 0.02%/yr for FIKOX. Their correlation of 0.94 suggests significant overlap in exposure. VFIDX charges 0.10%/yr vs 0.36%/yr for FIKOX.
Performance
VFIDX vs. FIKOX - Performance Comparison
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Returns By Period
In the year-to-date period, VFIDX achieves a 0.63% return, which is significantly lower than FIKOX's 0.86% return.
VFIDX
- 1D
- 0.11%
- 1M
- 0.89%
- 6M
- 0.63%
- YTD
- 0.63%
- 1Y
- 5.31%
- 3Y*
- 6.79%
- 5Y*
- 1.12%
- 10Y*
- 2.62%
FIKOX
- 1D
- 0.09%
- 1M
- 0.74%
- 6M
- 0.77%
- YTD
- 0.86%
- 1Y
- 4.91%
- 3Y*
- 6.03%
- 5Y*
- 0.02%
- 10Y*
- —
VFIDX vs. FIKOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 0.63% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | 1.78% |
FIKOX Fidelity Advisor Corporate Bond Fund Class Z | 0.86% | 7.96% | 2.83% | 8.64% | -17.06% | -1.60% | 10.91% | 14.58% | 0.53% |
Correlation
The correlation between VFIDX and FIKOX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.94 |
The correlation between VFIDX and FIKOX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
VFIDX vs. FIKOX — Risk / Return Rank
VFIDX
FIKOX
VFIDX vs. FIKOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX). 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.
| VFIDX | FIKOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.41 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.84 | 4.47 | +0.37 |
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Drawdowns
VFIDX vs. FIKOX - Drawdown Comparison
The maximum VFIDX drawdown since its inception was -20.14%, smaller than the maximum FIKOX drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for VFIDX and FIKOX.
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Drawdown Indicators
| VFIDX | FIKOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -23.22% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -3.22% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -6.56% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -23.22% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -20.14% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.74% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -6.59% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.02% | +0.01% |
Volatility
VFIDX vs. FIKOX - Volatility Comparison
Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) have volatilities of 1.17% and 1.19%, 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
| VFIDX | FIKOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.19% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 3.21% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.18% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 6.70% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 6.51% | -1.31% |
VFIDX vs. FIKOX - Expense Ratio Comparison
VFIDX has a 0.10% expense ratio, which is lower than FIKOX's 0.36% expense ratio.
Dividends
VFIDX vs. FIKOX - Dividend Comparison
VFIDX's dividend yield for the trailing twelve months is around 5.11%, more than FIKOX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKOX Fidelity Advisor Corporate Bond Fund Class Z | 4.35% | 4.20% | 4.05% | 3.51% | 2.62% | 2.90% | 3.47% | 3.37% | 0.98% | 0.00% | 0.00% | 0.00% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 5.11% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
Frequently Asked Questions
With a correlation of 0.95, VFIDX and FIKOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIKOX has higher volatility (1.19%) compared to VFIDX (1.17%). In terms of maximum drawdown, VFIDX dropped -20.14% vs FIKOX's -23.22%.
VFIDX currently has the higher Sharpe Ratio (1.20 vs 1.08), 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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