BDBT vs. FSEC

Last updated Jun 4, 2026

BDBT (Bluemonte Core Bond ETF) and FSEC (Fidelity Investment Grade Securitized ETF) are both Intermediate Core Bond funds. A 0.77 correlation means they provide meaningful diversification when combined. BDBT charges 0.23%/yr vs 0.36%/yr for FSEC.

Performance

BDBT vs. FSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Core Bond ETF (BDBT) and Fidelity Investment Grade Securitized ETF (FSEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDBT achieves a 0.09% return, which is significantly lower than FSEC's 0.70% return.

BDBT

• 1D: -0.20%
• 1M: 0.20%
• YTD: 0.09%
• 6M: -0.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSEC

• 1D: -0.27%
• 1M: 0.25%
• YTD: 0.70%
• 6M: 0.93%
• 1Y: 6.85%
• 3Y*: 4.79%
• 5Y*: 0.48%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BDBT vs. FSEC - Yearly Performance Comparison

	2026 (YTD)	2025
BDBT Bluemonte Core Bond ETF	0.09%	3.68%
FSEC Fidelity Investment Grade Securitized ETF	0.70%	4.98%

Correlation

The correlation between BDBT and FSEC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.77

Return for Risk

BDBT vs. FSEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSEC

FSEC Risk / Return Rank: 42
FSEC Sharpe Ratio Rank: 35
FSEC Sortino Ratio Rank: 37
FSEC Omega Ratio Rank: 37
FSEC Calmar Ratio Rank: 55
FSEC Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDBT vs. FSEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Core Bond ETF (BDBT) and Fidelity Investment Grade Securitized ETF (FSEC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BDBT	FSEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.06	+0.98

Drawdowns

BDBT vs. FSEC - Drawdown Comparison

The maximum BDBT drawdown since its inception was -2.88%, smaller than the maximum FSEC drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for BDBT and FSEC.

Drawdown Indicators

	BDBT	FSEC	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-17.97%	+15.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.97%	—
Current Drawdown Current decline from peak	-1.71%	-1.36%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.70%	-6.63%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.88%	—

Volatility

Volatility by Period

	BDBT	FSEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	5.33%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.83%	6.76%	-2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.83%	6.61%	-2.78%

BDBT vs. FSEC - Expense Ratio Comparison

BDBT has a 0.23% expense ratio, which is lower than FSEC's 0.36% expense ratio.

Dividends

BDBT vs. FSEC - Dividend Comparison

BDBT's dividend yield for the trailing twelve months is around 3.53%, less than FSEC's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021
BDBT Bluemonte Core Bond ETF	3.53%	2.21%	0.00%	0.00%	0.00%	0.00%
FSEC Fidelity Investment Grade Securitized ETF	4.45%	4.22%	3.22%	3.41%	2.21%	0.96%

Frequently Asked Questions

Can I hold both BDBT and FSEC in my portfolio?

BDBT and FSEC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BDBT or FSEC?

On fees, BDBT is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDBT or FSEC?

BDBT is cheaper with a 0.23% expense ratio, compared with 0.36% for FSEC.

Which ETF pays a higher dividend yield, BDBT or FSEC?

FSEC has the higher dividend yield at 4.45%, compared with 3.53% for BDBT.

What is the main difference between BDBT and FSEC?

They also come from different issuers: Bluemonte and Fidelity. Their fees differ too: 0.23% for BDBT and 0.36% for FSEC.