VGCAX vs. FJTDX
Compare and contrast key facts about Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Fidelity Flex Conservative Income Bond Fund (FJTDX).
VGCAX is managed by Vanguard. It was launched on Nov 15, 2018. FJTDX is managed by Fidelity. It was launched on May 31, 2018.
Performance
VGCAX vs. FJTDX - Performance Comparison
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VGCAX vs. FJTDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | -0.47% | 7.30% | 3.99% | 9.22% | -13.43% | -0.64% | 10.81% | 13.05% | 0.96% |
FJTDX Fidelity Flex Conservative Income Bond Fund | 0.55% | 4.75% | 5.69% | 5.48% | 1.00% | 0.16% | 1.57% | 3.20% | 0.18% |
Returns By Period
In the year-to-date period, VGCAX achieves a -0.47% return, which is significantly lower than FJTDX's 0.55% return.
VGCAX
- 1D
- 0.37%
- 1M
- -1.74%
- YTD
- -0.47%
- 6M
- 0.34%
- 1Y
- 4.73%
- 3Y*
- 5.55%
- 5Y*
- 1.37%
- 10Y*
- —
FJTDX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.55%
- 6M
- 1.62%
- 1Y
- 4.10%
- 3Y*
- 5.05%
- 5Y*
- 3.49%
- 10Y*
- —
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VGCAX vs. FJTDX - Expense Ratio Comparison
VGCAX has a 0.25% expense ratio, which is higher than FJTDX's 0.00% expense ratio. However, 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
VGCAX vs. FJTDX — Risk / Return Rank
VGCAX
FJTDX
VGCAX vs. FJTDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). 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.
| VGCAX | FJTDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 3.21 | -1.79 |
Sortino ratioReturn per unit of downside risk | 2.00 | 11.70 | -9.69 |
Omega ratioGain probability vs. loss probability | 1.26 | 4.96 | -3.71 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 15.13 | -13.38 |
Martin ratioReturn relative to average drawdown | 6.84 | 67.60 | -60.76 |
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
| VGCAX | FJTDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 3.21 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 2.49 | -2.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 2.37 | -1.58 |
Correlation
The correlation between VGCAX and FJTDX is 0.22, 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
VGCAX vs. FJTDX - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 3.88%, less than FJTDX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 3.88% | 4.91% | 4.65% | 4.48% | 2.72% | 3.16% | 4.65% | 6.88% | 0.36% |
FJTDX Fidelity Flex Conservative Income Bond Fund | 4.11% | 4.63% | 5.42% | 4.70% | 1.39% | 0.36% | 1.45% | 2.65% | 1.17% |
Drawdowns
VGCAX vs. FJTDX - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, which is greater than FJTDX's maximum drawdown of -1.90%. Use the drawdown chart below to compare losses from any high point for VGCAX and FJTDX.
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Drawdown Indicators
| VGCAX | FJTDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -1.90% | -16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -0.30% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -0.90% | -17.73% |
Current DrawdownCurrent decline from peak | -2.19% | -0.10% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -0.08% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.07% | +0.67% |
Volatility
VGCAX vs. FJTDX - Volatility Comparison
Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) has a higher volatility of 1.57% compared to Fidelity Flex Conservative Income Bond Fund (FJTDX) at 0.10%. This indicates that VGCAX's price experiences larger fluctuations and is considered to be riskier than FJTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGCAX | FJTDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.10% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 0.87% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 1.35% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 1.41% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 1.27% | +3.59% |