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Fidelity U.S. Bond Index Fund (FXNAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fidelity U.S. Bond Index Fund (FXNAX)

Mutual Fund · Currency in USD · Last updated Jun 18, 2025

Fund Info

ISIN

US3161463563

CUSIP

316146356

Issuer

Fidelity

Region

North America (U.S.)

Category

Total Bond Market

Asset Class

Bond

Expense Ratio

FXNAX has an expense ratio of 0.03%, which is considered low.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity U.S. Bond Index Fund

Popular comparisons:
FXNAX vs. BND FXNAX vs. FTBFX FXNAX vs. VBTLX FXNAX vs. FSKAX FXNAX vs. FUMBX FXNAX vs. DODIX FXNAX vs. SWAGX FXNAX vs. FTKFX FXNAX vs. FUAMX FXNAX vs. FZILX
Popular comparisons:
FXNAX vs. BND FXNAX vs. FTBFX FXNAX vs. VBTLX FXNAX vs. FSKAX FXNAX vs. FUMBX FXNAX vs. DODIX FXNAX vs. SWAGX FXNAX vs. FTKFX FXNAX vs. FUAMX FXNAX vs. FZILX

Performance

Performance Chart

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S&P 500

Returns By Period

Fidelity U.S. Bond Index Fund (FXNAX) returned 2.69% year-to-date (YTD) and 4.45% over the past 12 months. Over the past 10 years, FXNAX returned 1.59% annually, underperforming the S&P 500 benchmark at 10.98%.

FXNAX

YTD

2.69%

1M

0.89%

6M

2.10%

1Y

4.45%

3Y*

2.59%

5Y*

-0.96%

10Y*

1.59%

^GSPC (Benchmark)

YTD

1.72%

1M

0.41%

6M

-1.12%

1Y

9.31%

3Y*

17.64%

5Y*

13.94%

10Y*

10.98%

*Annualized

Monthly Returns

The table below presents the monthly returns of FXNAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.50%2.24%0.01%0.40%-1.06%0.60%2.69%
20240.15%-1.47%0.59%-2.18%1.59%0.79%2.54%1.15%1.70%-2.54%0.77%-1.34%1.62%
20233.42%-2.56%2.50%0.38%-0.87%-0.34%-0.04%-0.63%-2.76%-1.40%4.52%3.47%5.53%
2022-2.08%-1.13%-2.78%-3.92%0.82%-1.57%2.26%-2.66%-4.26%-1.37%3.75%-0.88%-13.25%
2021-0.70%-1.57%-1.25%0.81%0.22%0.80%1.06%-0.18%-0.84%-0.02%0.23%-0.32%-1.79%
20202.07%1.77%-0.20%1.66%0.43%0.65%1.42%-0.89%-0.08%-0.51%1.12%0.15%7.82%
20191.04%-0.12%2.01%-0.03%1.80%1.17%0.31%2.60%-0.61%0.30%-0.04%-0.19%8.51%
2018-1.16%-0.93%0.35%-0.62%0.68%-0.27%0.37%0.50%-0.57%-0.74%0.61%1.87%0.05%
20170.23%0.71%-0.04%0.73%0.73%-0.14%0.47%0.89%-0.48%0.01%-0.14%0.48%3.51%
20161.35%0.81%0.90%0.37%-0.04%1.90%0.62%-0.23%0.03%-0.80%-2.52%0.17%2.52%
20152.28%-1.05%0.47%-0.30%-0.39%-1.08%0.82%-0.21%0.72%0.06%-0.22%-0.41%0.64%
20141.63%0.46%-0.22%0.83%1.17%0.03%-0.30%1.16%-0.64%0.99%0.72%0.03%6.00%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FXNAX is 48, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of FXNAX is 4848
Overall Rank
The Sharpe Ratio Rank of FXNAX is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of FXNAX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of FXNAX is 4848
Omega Ratio Rank
The Calmar Ratio Rank of FXNAX is 3131
Calmar Ratio Rank
The Martin Ratio Rank of FXNAX is 3939
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity U.S. Bond Index Fund Sharpe ratios as of Jun 18, 2025 (values are recalculated daily):

  • 1-Year: 0.85
  • 5-Year: -0.16
  • 10-Year: 0.32
  • All Time: 0.44

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity U.S. Bond Index Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Fidelity U.S. Bond Index Fund provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.

2.00%2.20%2.40%2.60%2.80%3.00%3.20%3.40%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.36$0.35$0.30$0.25$0.25$0.38$0.32$0.31$0.30$0.29$0.32$0.30

Dividend yield

3.49%3.40%2.92%2.41%2.06%3.08%2.69%2.74%2.58%2.54%2.75%2.59%

Monthly Dividends

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.03$0.00$0.15
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2023$0.02$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.30
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.05$0.02$0.02$0.25
2020$0.03$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.12$0.02$0.05$0.38
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2018$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2017$0.03$0.02$0.03$0.02$0.03$0.02$0.02$0.02$0.02$0.03$0.02$0.03$0.30
2016$0.03$0.02$0.03$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.29
2015$0.03$0.02$0.03$0.02$0.02$0.02$0.03$0.03$0.02$0.04$0.03$0.03$0.32
2014$0.03$0.02$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.02$0.03$0.30

Drawdowns

Drawdowns Chart

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity U.S. Bond Index Fund. 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 U.S. Bond Index Fund was 18.64%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Fidelity U.S. Bond Index Fund drawdown is 6.52%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.64%Aug 7, 2020560Oct 24, 2022———
-6.39%Mar 9, 20209Mar 19, 202049May 29, 202058
-4.97%May 3, 201387Sep 5, 2013173May 14, 2014260
-4.52%Jul 11, 2016112Dec 15, 2016178Aug 31, 2017290
-3.57%Sep 8, 2017175May 17, 2018159Jan 3, 2019334
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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