PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions

ABNDX vs. FTBFX

Last updated Feb 24, 2024

Compare and contrast key facts about American Funds The Bond Fund of America (ABNDX) and Fidelity Total Bond Fund (FTBFX).

ABNDX is managed by American Funds. It was launched on May 28, 1974. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABNDX or FTBFX.

Key characteristics


ABNDXFTBFX
YTD Return-1.93%-1.07%
1Y Return2.28%4.25%
3Y Return (Ann)-3.44%-2.21%
5Y Return (Ann)0.90%1.63%
10Y Return (Ann)1.53%2.26%
Sharpe Ratio0.350.70
Daily Std Dev7.58%6.53%
Max Drawdown-17.75%-17.61%
Current Drawdown-11.62%-8.77%

Correlation

0.88
-1.001.00

The correlation between ABNDX and FTBFX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

ABNDX vs. FTBFX - Performance Comparison

In the year-to-date period, ABNDX achieves a -1.93% return, which is significantly lower than FTBFX's -1.07% return. Over the past 10 years, ABNDX has underperformed FTBFX with an annualized return of 1.53%, while FTBFX has yielded a comparatively higher 2.26% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%SeptemberOctoberNovemberDecember2024February
3.42%
4.13%
ABNDX
FTBFX

Compare stocks, funds, or ETFs


American Funds The Bond Fund of America

Fidelity Total Bond Fund

ABNDX vs. FTBFX - Dividend Comparison

ABNDX's dividend yield for the trailing twelve months is around 3.76%, less than FTBFX's 4.24% yield.


TTM20232022202120202019201820172016201520142013
ABNDX
American Funds The Bond Fund of America
3.76%3.57%2.71%1.62%5.03%3.66%2.38%1.84%1.55%2.01%2.13%2.38%
FTBFX
Fidelity Total Bond Fund
4.24%4.15%3.33%2.24%5.22%3.03%3.18%2.98%3.21%3.71%3.13%3.91%

ABNDX vs. FTBFX - Expense Ratio Comparison

ABNDX has a 0.55% expense ratio, which is higher than FTBFX's 0.45% expense ratio.

0.55%
0.00%2.15%
0.45%
0.00%2.15%

ABNDX vs. FTBFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America (ABNDX) and Fidelity Total Bond Fund (FTBFX). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABNDX
American Funds The Bond Fund of America
0.36
FTBFX
Fidelity Total Bond Fund
0.70

ABNDX vs. FTBFX - Sharpe Ratio Comparison

The current ABNDX Sharpe Ratio is 0.36, which is lower than the FTBFX Sharpe Ratio of 0.70. The chart below compares the 12-month rolling Sharpe Ratio of ABNDX and FTBFX.


Rolling 12-month Sharpe Ratio-0.500.000.501.00SeptemberOctoberNovemberDecember2024February
0.36
0.70
ABNDX
FTBFX

ABNDX vs. FTBFX - Drawdown Comparison

The maximum ABNDX drawdown since its inception was -17.75%, roughly equal to the maximum FTBFX drawdown of -17.61%. The drawdown chart below compares losses from any high point along the way for ABNDX and FTBFX


-18.00%-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%SeptemberOctoberNovemberDecember2024February
-11.62%
-8.77%
ABNDX
FTBFX

ABNDX vs. FTBFX - Volatility Comparison

American Funds The Bond Fund of America (ABNDX) has a higher volatility of 2.32% compared to Fidelity Total Bond Fund (FTBFX) at 2.08%. This indicates that ABNDX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%SeptemberOctoberNovemberDecember2024February
2.32%
2.08%
ABNDX
FTBFX