BBNIX vs. FTBFX
BBNIX (BBH Income Fund) and FTBFX (Fidelity Total Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, BBNIX returned 0.61%/yr vs 0.12%/yr for FTBFX. Their correlation of 0.91 means they have usually moved in the same direction. BBNIX charges 0.47%/yr vs 0.45%/yr for FTBFX.
Performance
BBNIX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, BBNIX achieves a -0.42% return, which is significantly higher than FTBFX's -0.46% return.
BBNIX
- 1D
- -0.11%
- 1M
- -1.25%
- 6M
- -0.61%
- YTD
- -0.42%
- 1Y
- 2.10%
- 3Y*
- 5.32%
- 5Y*
- 0.61%
- 10Y*
- —
- ALL TIME*
- 2.74%
FTBFX
- 1D
- 0.11%
- 1M
- -1.26%
- 6M
- -0.69%
- YTD
- -0.46%
- 1Y
- 2.07%
- 3Y*
- 4.27%
- 5Y*
- 0.12%
- 10Y*
- 2.16%
- ALL TIME*
- 3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BBNIX BBH Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
BBNIX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBNIX BBH Income Fund | -0.42% | 7.86% | 3.87% | 9.07% | -14.89% | 1.36% | 11.24% | 6.59% | 0.00% |
FTBFX Fidelity Total Bond Fund | -0.46% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | 0.82% |
Correlation
The correlation between BBNIX and FTBFX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.91 |
The correlation between BBNIX and FTBFX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
BBNIX vs. FTBFX — Risk / Return Rank
BBNIX
FTBFX
BBNIX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Income Fund (BBNIX) 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.
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.
| BBNIX | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.11 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.98 | 2.83 | +0.15 |
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Drawdowns
BBNIX vs. FTBFX - Drawdown Comparison
The maximum BBNIX drawdown since its inception was -18.96%, roughly equal to the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for BBNIX and FTBFX.
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Drawdown Indicators
| BBNIX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -18.25% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.89% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -4.96% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -18.25% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.25% | — |
Current DrawdownCurrent decline from peak | -2.29% | -2.31% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -2.31% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.13% | +0.01% |
Volatility
BBNIX vs. FTBFX - Volatility Comparison
The current volatility for BBH Income Fund (BBNIX) is 0.82%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.04%. This indicates that BBNIX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBNIX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.04% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.00% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.76% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 5.68% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 4.74% | +0.31% |
BBNIX vs. FTBFX - Expense Ratio Comparison
BBNIX has a 0.47% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Dividends
BBNIX vs. FTBFX - Dividend Comparison
BBNIX's dividend yield for the trailing twelve months is around 4.80%, more than FTBFX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBNIX BBH Income Fund | 4.80% | 5.28% | 5.76% | 5.23% | 2.93% | 2.87% | 7.07% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% |
FTBFX Fidelity Total Bond Fund | 4.03% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
With a correlation of 0.92, BBNIX and FTBFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FTBFX has higher volatility (1.04%) compared to BBNIX (0.82%). In terms of maximum drawdown, BBNIX dropped -18.96% vs FTBFX's -18.25%.
BBNIX currently has the higher Sharpe Ratio (0.88 vs 0.86), 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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