BLDIX vs. FBND
BLDIX (BlackRock Managed Income Fund) and FBND (Fidelity Total Bond ETF) are both funds - BLDIX is a Diversified Portfolio fund managed by BlackRock, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, BLDIX returned 3.99%/yr vs 2.27%/yr for FBND. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BLDIX charges 0.41%/yr vs 0.36%/yr for FBND.
Performance
BLDIX vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, BLDIX achieves a 1.25% return, which is significantly higher than FBND's -0.33% return. Over the past 10 years, BLDIX has outperformed FBND with an annualized return of 3.99%, while FBND has yielded a comparatively lower 2.27% annualized return.
BLDIX
- 1D
- 0.10%
- 1M
- -0.93%
- 6M
- 0.47%
- YTD
- 1.25%
- 1Y
- 4.91%
- 3Y*
- 6.64%
- 5Y*
- 3.02%
- 10Y*
- 3.99%
- ALL TIME*
- 5.42%
FBND
- 1D
- -0.27%
- 1M
- -1.26%
- 6M
- -0.60%
- YTD
- -0.33%
- 1Y
- 2.08%
- 3Y*
- 4.55%
- 5Y*
- 0.31%
- 10Y*
- 2.27%
- ALL TIME*
- 2.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $133.84M | $127.41M | $124.15M |
BLDIX vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 1.25% | 9.87% | 5.19% | 8.69% | -9.88% | 5.26% | 5.81% | 9.78% | -0.64% | 5.32% |
FBND Fidelity Total Bond ETF | -0.33% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between BLDIX and FBND is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.60 |
The correlation between BLDIX and FBND shifts across timeframes, from 0.60 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BLDIX vs. FBND — Risk / Return Rank
BLDIX
FBND
BLDIX vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Managed Income Fund (BLDIX) 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.
| BLDIX | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.13 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.09 | +0.37 |
| Martin ratioReturn relative to average drawdown | 5.93 | 2.77 | +3.16 |
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Drawdowns
BLDIX vs. FBND - Drawdown Comparison
The maximum BLDIX drawdown since its inception was -14.47%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BLDIX and FBND.
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Drawdown Indicators
| BLDIX | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -17.25% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -2.66% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -4.95% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -17.25% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -17.25% | +2.92% |
Current DrawdownCurrent decline from peak | -1.13% | -2.24% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -3.32% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.05% | -0.10% |
Volatility
BLDIX vs. FBND - Volatility Comparison
BlackRock Managed Income Fund (BLDIX) has a higher volatility of 1.04% compared to Fidelity Total Bond ETF (FBND) at 0.95%. This indicates that BLDIX'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
| BLDIX | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.95% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 2.94% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.77% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 5.93% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 6.10% | -0.51% |
BLDIX vs. FBND - Expense Ratio Comparison
BLDIX has a 0.41% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
BLDIX vs. FBND - Dividend Comparison
BLDIX's dividend yield for the trailing twelve months is around 4.84%, more than FBND's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 4.84% | 5.46% | 5.76% | 3.55% | 3.86% | 4.87% | 3.53% | 3.87% | 4.27% | 4.48% | 4.15% | 2.87% |
FBND Fidelity Total Bond ETF | 4.77% | 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
BLDIX and FBND have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLDIX has higher volatility (1.04%) compared to FBND (0.95%). In terms of maximum drawdown, BLDIX dropped -14.47% vs FBND's -17.25%.
BLDIX currently has the higher Sharpe Ratio (1.29 vs 0.77), 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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