BIPS.L vs. FIBUX

Last updated Jun 5, 2026

BIPS.L (Invesco Bond Income Plus Limited) is a stock, while FIBUX (Fidelity Flex U.S. Bond Index Fund) is Total Bond Market fund managed by Fidelity. Over the past 5 years, BIPS.L returned 5.57%/yr vs 1.07%/yr for FIBUX. At a correlation of -0.03, they often move in opposite directions.

Performance

BIPS.L vs. FIBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Bond Income Plus Limited (BIPS.L) and Fidelity Flex U.S. Bond Index Fund (FIBUX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BIPS.L is traded in GBp, while FIBUX is traded in USD. To make them comparable, the FIBUX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BIPS.L achieves a 2.10% return, which is significantly higher than FIBUX's 0.73% return.

BIPS.L

• 1D: -0.14%
• 1M: 0.58%
• YTD: 2.10%
• 6M: 2.10%
• 1Y: 7.63%
• 3Y*: 9.40%
• 5Y*: 5.57%
• 10Y*: 43.24%

FIBUX

• 1D: 0.08%
• 1M: 1.06%
• YTD: 0.73%
• 6M: -0.15%
• 1Y: 6.10%
• 3Y*: 1.38%
• 5Y*: 1.07%
• 10Y*: —

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

BIPS.L vs. FIBUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIPS.L Invesco Bond Income Plus Limited	2.10%	8.04%	8.84%	10.52%	-5.13%	4.18%	1.80%	2,367.89%	-7.60%	6.09%
FIBUX Fidelity Flex U.S. Bond Index Fund	0.73%	-0.44%	3.08%	0.18%	-3.11%	-1.24%	3.93%	4.45%	6.05%	-6.57%

Correlation

The correlation between BIPS.L and FIBUX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Mar 10, 2017	-0.03

Return for Risk

BIPS.L vs. FIBUX — Risk / Return Rank

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

BIPS.L

BIPS.L Risk / Return Rank: 82
BIPS.L Sharpe Ratio Rank: 82
BIPS.L Sortino Ratio Rank: 78
BIPS.L Omega Ratio Rank: 81
BIPS.L Calmar Ratio Rank: 81
BIPS.L Martin Ratio Rank: 88

FIBUX

FIBUX Risk / Return Rank: 19
FIBUX Sharpe Ratio Rank: 19
FIBUX Sortino Ratio Rank: 19
FIBUX Omega Ratio Rank: 18
FIBUX Calmar Ratio Rank: 21
FIBUX Martin Ratio Rank: 19

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.

BIPS.L vs. FIBUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bond Income Plus Limited (BIPS.L) and Fidelity Flex U.S. Bond Index Fund (FIBUX). 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.

	BIPS.L	FIBUX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	0.88	+0.62
Sortino ratio: Return per unit of downside risk	2.18	1.36	+0.83
Omega ratio: Gain probability vs. loss probability	1.32	1.16	+0.15
Calmar ratio: Return relative to maximum drawdown	2.81	1.01	+1.80
Martin ratio: Return relative to average drawdown	10.33	2.64	+7.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIPS.L vs. FIBUX - Sharpe Ratio Comparison

The current BIPS.L Sharpe Ratio is 1.51, which is higher than the FIBUX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BIPS.L and FIBUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIPS.L	FIBUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	0.88	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.12	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.08	+0.04

Drawdowns

BIPS.L vs. FIBUX - Drawdown Comparison

The maximum BIPS.L drawdown since its inception was -93.59%, which is greater than FIBUX's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for BIPS.L and FIBUX.

Drawdown Indicators

	BIPS.L	FIBUX	Difference
Max Drawdown Largest peak-to-trough decline	-93.59%	-18.60%	-74.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-5.69%	+2.99%
Max Drawdown (3Y) Largest decline over 3 years	-4.72%	-8.76%	+4.04%
Max Drawdown (5Y) Largest decline over 5 years	-23.39%	-14.90%	-8.49%
Max Drawdown (10Y) Largest decline over 10 years	-38.38%	—	—
Current Drawdown Current decline from peak	-0.29%	-10.75%	+10.46%
Average Drawdown Average peak-to-trough decline	-5.54%	-9.49%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	2.16%	-1.42%

Volatility

BIPS.L vs. FIBUX - Volatility Comparison

The current volatility for Invesco Bond Income Plus Limited (BIPS.L) is 1.19%, while Fidelity Flex U.S. Bond Index Fund (FIBUX) has a volatility of 1.39%. This indicates that BIPS.L experiences smaller price fluctuations and is considered to be less risky than FIBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIPS.L	FIBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.39%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	4.93%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	6.49%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	8.77%	+8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	627.79%	8.88%	+618.91%

Dividends

BIPS.L vs. FIBUX - Dividend Comparison

BIPS.L's dividend yield for the trailing twelve months is around 7.10%, more than FIBUX's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIPS.L Invesco Bond Income Plus Limited	7.10%	7.00%	6.61%	6.73%	6.70%	5.61%	5.27%	98.33%	5.71%	5.01%	5.24%	5.53%
FIBUX Fidelity Flex U.S. Bond Index Fund	4.08%	3.95%	3.65%	2.93%	1.62%	1.18%	2.32%	2.96%	2.70%	2.45%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIPS.L and FIBUX in my portfolio?

BIPS.L and FIBUX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.