BHK vs. FBND
Compare and contrast key facts about BlackRock Core Bond Trust (BHK) and Fidelity Total Bond ETF (FBND).
FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHK or FBND.
Key characteristics
| BHK | FBND | |
|---|---|---|
| YTD Return | -3.10% | -3.20% |
| 1Y Return | 4.20% | 0.58% |
| 3Y Return (Ann) | -5.98% | -2.75% |
| 5Y Return (Ann) | 1.66% | 0.88% |
| Sharpe Ratio | 0.22 | 0.01 |
| Daily Std Dev | 13.14% | 6.79% |
| Max Drawdown | -39.60% | -17.25% |
| Current Drawdown | -26.28% | -10.46% |
Correlation
The correlation between BHK and FBND is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BHK vs. FBND - Performance Comparison
The year-to-date returns for both stocks are quite close, with BHK having a -3.10% return and FBND slightly lower at -3.20%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BHK vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) 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.
Dividends
BHK vs. FBND - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 8.71%, more than FBND's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 8.71% | 8.21% | 7.91% | 6.29% | 5.00% | 5.25% | 6.30% | 5.48% | 6.14% | 6.93% | 7.98% | 6.75% |
FBND Fidelity Total Bond ETF | 4.59% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
BHK vs. FBND - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.60%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BHK and FBND. For additional features, visit the drawdowns tool.
Volatility
BHK vs. FBND - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 2.30% compared to Fidelity Total Bond ETF (FBND) at 1.94%. This indicates that BHK'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.