BND vs. FBND
Compare and contrast key facts about Vanguard Total Bond Market ETF (BND) and Fidelity Total Bond ETF (FBND).
BND and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. 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: BND or FBND.
Key characteristics
| BND | FBND | |
|---|---|---|
| YTD Return | 1.55% | 2.31% |
| 1Y Return | 6.48% | 7.75% |
| 3Y Return (Ann) | -2.22% | -1.31% |
| 5Y Return (Ann) | -0.27% | 0.97% |
| 10Y Return (Ann) | 1.39% | 2.23% |
| Sharpe Ratio | 1.25 | 1.46 |
| Sortino Ratio | 1.83 | 2.11 |
| Omega Ratio | 1.22 | 1.26 |
| Calmar Ratio | 0.48 | 0.69 |
| Martin Ratio | 4.20 | 5.58 |
| Ulcer Index | 1.70% | 1.51% |
| Daily Std Dev | 5.68% | 5.80% |
| Max Drawdown | -18.84% | -17.25% |
| Current Drawdown | -9.21% | -5.36% |
Correlation
The correlation between BND and FBND is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BND vs. FBND - Performance Comparison
In the year-to-date period, BND achieves a 1.55% return, which is significantly lower than FBND's 2.31% return. Over the past 10 years, BND has underperformed FBND with an annualized return of 1.39%, while FBND has yielded a comparatively higher 2.23% annualized return. 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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BND vs. FBND - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
BND vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) 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
BND vs. FBND - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.58%, less than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
BND vs. FBND - Drawdown Comparison
The maximum BND drawdown since its inception was -18.84%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BND and FBND. For additional features, visit the drawdowns tool.
Volatility
BND vs. FBND - Volatility Comparison
Vanguard Total Bond Market ETF (BND) has a higher volatility of 1.64% compared to Fidelity Total Bond ETF (FBND) at 1.53%. This indicates that BND'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.