Fidelity Total Bond ETF (FBND)

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Fidelity Total Bond ETF (FBND) is up 1.0% since the beginning of the year. FBND is currently trading at $46 per share. Investors who bought $1,000 worth of FBND shares 5 years ago would now be looking at an investment worth $1,044.

Fidelity Total Bond ETF (FBND) has returned 0.97% so far this year and 5.73% over the past 12 months. Over the last ten years, FBND has returned 2.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 9, 2014, FBND's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -4.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FBND closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +3.6%, while the worst single day was Mar 12, 2020 at -6.8%.

Fidelity Total Bond ETF has an annualized alpha of 1.84%, beta of 0.07, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since October 09, 2014.

• This ETF participated in 19.30% of S&P 500 Index downside but only 15.98% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.07 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FBND has an expense ratio of 0.36%, placing it in the medium range.

FBND ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Fidelity Total Bond ETF provided a 4.68% dividend yield over the last twelve months, with an annual payout of $2.14 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Fidelity Total Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Total Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Total Bond ETF was 17.25%, occurring on Oct 20, 2022. Recovery took 719 trading sessions.

The current Fidelity Total Bond ETF drawdown is 0.97%.

The chart below shows the rolling one-month volatility.