BND vs. FDVLX
BND (Vanguard Total Bond Market ETF) and FDVLX (Fidelity Value Fund) are both funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while FDVLX is a Mid Cap Value Equities fund managed by Fidelity. Over the past 10 years, BND returned 1.38%/yr vs 14.40%/yr for FDVLX. Their -0.14 correlation means they have often moved in opposite directions in the past. BND charges 0.03%/yr vs 0.79%/yr for FDVLX.
Performance
BND vs. FDVLX - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a -0.28% return, which is significantly lower than FDVLX's 25.25% return. Over the past 10 years, BND has underperformed FDVLX with an annualized return of 1.38%, while FDVLX has yielded a comparatively higher 14.40% annualized return.
BND
- 1D
- 0.06%
- 1M
- -1.02%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 2.92%
- 3Y*
- 3.79%
- 5Y*
- -0.37%
- 10Y*
- 1.38%
- ALL TIME*
- 3.00%
FDVLX
- 1D
- -0.86%
- 1M
- 2.74%
- 6M
- 17.18%
- YTD
- 25.25%
- 1Y
- 36.12%
- 3Y*
- 24.41%
- 5Y*
- 16.19%
- 10Y*
- 14.40%
- ALL TIME*
- 11.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $447.57M | $557.69M | $594.86M | |
FDVLX Fidelity Value Fund | $0.00 | $0.00 | $0.00 |
BND vs. FDVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | -0.28% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
FDVLX Fidelity Value Fund | 25.25% | 11.32% | 30.11% | 19.57% | -9.07% | 35.30% | 9.33% | 31.68% | -17.58% | 14.11% |
Correlation
The correlation between BND and FDVLX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.14 |
The correlation between BND and FDVLX shifts across timeframes, from -0.14 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BND vs. FDVLX — Risk / Return Rank
BND
FDVLX
BND vs. FDVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Fidelity Value Fund (FDVLX). 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.
| BND | FDVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.50 | -2.40 |
| Martin ratioReturn relative to average drawdown | 2.77 | 13.35 | -10.58 |
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Drawdowns
BND vs. FDVLX - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum FDVLX drawdown of -66.91%. Use the drawdown chart below to compare losses from any high point for BND and FDVLX.
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Drawdown Indicators
| BND | FDVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -66.91% | +48.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -9.90% | +7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -31.45% | +26.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -31.45% | +13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -48.66% | +30.08% |
Current DrawdownCurrent decline from peak | -2.90% | -0.86% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -9.00% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.62% | -1.56% |
Volatility
BND vs. FDVLX - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 0.96%, while Fidelity Value Fund (FDVLX) has a volatility of 3.27%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than FDVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | FDVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 3.27% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 11.66% | -8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 16.22% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 26.49% | -20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 25.14% | -19.61% |
BND vs. FDVLX - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than FDVLX's 0.79% expense ratio.
Dividends
BND vs. FDVLX - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 4.01%, less than FDVLX's 8.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.01% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
FDVLX Fidelity Value Fund | 8.02% | 10.05% | 33.05% | 3.71% | 7.08% | 9.79% | 0.98% | 3.34% | 16.25% | 3.38% | 1.26% | 10.97% |
Frequently Asked Questions
BND and FDVLX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVLX has higher volatility (3.27%) compared to BND (0.96%). In terms of maximum drawdown, BND dropped -18.58% vs FDVLX's -66.91%.
FDVLX currently has the higher Sharpe Ratio (2.14 vs 0.79), 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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