BA vs. FBND
BA (The Boeing Company) is a stock, while FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, BA returned 5.57%/yr vs 2.32%/yr for FBND. At a 0.03 correlation, their price movements are largely independent.
Performance
BA vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, BA achieves a -3.52% return, which is significantly lower than FBND's 0.27% return. Over the past 10 years, BA has outperformed FBND with an annualized return of 5.57%, while FBND has yielded a comparatively lower 2.32% annualized return.
BA
- 1D
- -2.13%
- 1M
- -5.94%
- 6M
- -15.42%
- YTD
- -3.52%
- 1Y
- -8.66%
- 3Y*
- -0.37%
- 5Y*
- -1.20%
- 10Y*
- 5.57%
- ALL TIME*
- 10.09%
FBND
- 1D
- -0.26%
- 1M
- -0.60%
- 6M
- 0.12%
- YTD
- 0.27%
- 1Y
- 4.12%
- 3Y*
- 4.46%
- 5Y*
- 0.52%
- 10Y*
- 2.32%
- ALL TIME*
- 2.53%
BA vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA The Boeing Company | -3.52% | 22.67% | -32.10% | 36.84% | -5.38% | -5.95% | -33.90% | 3.34% | 11.50% | 94.72% |
FBND Fidelity Total Bond ETF | 0.27% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between BA and FBND is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.03 |
Over the past year, BA and FBND have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
BA vs. FBND — Risk / Return Rank
BA
FBND
BA vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Boeing Company (BA) and Fidelity Total Bond ETF (FBND). 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.
| BA | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.55 | -1.90 |
| Martin ratioReturn relative to average drawdown | -0.75 | 4.22 | -4.97 |
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Drawdowns
BA vs. FBND - Drawdown Comparison
The maximum BA drawdown since its inception was -89.45%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BA and FBND.
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Drawdown Indicators
| BA | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.45% | -17.25% | -72.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -2.66% | -22.30% |
Max Drawdown (3Y)Largest decline over 3 years | -48.31% | -5.61% | -42.70% |
Max Drawdown (5Y)Largest decline over 5 years | -51.62% | -17.25% | -34.37% |
Max Drawdown (10Y)Largest decline over 10 years | -77.92% | -17.25% | -60.67% |
Current DrawdownCurrent decline from peak | -51.32% | -1.65% | -49.67% |
Average DrawdownAverage peak-to-trough decline | -31.05% | -3.33% | -27.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 0.98% | +10.64% |
Volatility
BA vs. FBND - Volatility Comparison
The Boeing Company (BA) has a higher volatility of 8.19% compared to Fidelity Total Bond ETF (FBND) at 1.07%. This indicates that BA's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 1.07% | +7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 23.84% | 2.92% | +20.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.24% | 3.80% | +28.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.49% | 5.93% | +30.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.65% | 6.10% | +35.55% |
Dividends
BA vs. FBND - Dividend Comparison
BA has not paid dividends to shareholders, while FBND's dividend yield for the trailing twelve months is around 4.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA The Boeing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.96% | 2.52% | 2.12% | 1.93% | 2.80% | 2.52% |
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
BA and FBND have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BA has higher volatility (8.19%) compared to FBND (1.07%). In terms of maximum drawdown, BA dropped -89.45% vs FBND's -17.25%.
FBND currently has the higher Sharpe Ratio (1.09 vs -0.27), 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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