BND vs. FXNAX
Compare and contrast key facts about Vanguard Total Bond Market ETF (BND) and Fidelity U.S. Bond Index Fund (FXNAX).
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. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BND or FXNAX.
Key characteristics
| BND | FXNAX | |
|---|---|---|
| YTD Return | 1.55% | 1.52% |
| 1Y Return | 6.48% | 6.49% |
| 3Y Return (Ann) | -2.22% | -2.20% |
| 5Y Return (Ann) | -0.27% | -0.49% |
| 10Y Return (Ann) | 1.39% | 1.28% |
| Sharpe Ratio | 1.25 | 1.06 |
| Sortino Ratio | 1.83 | 1.59 |
| Omega Ratio | 1.22 | 1.19 |
| Calmar Ratio | 0.48 | 0.39 |
| Martin Ratio | 4.20 | 3.44 |
| Ulcer Index | 1.70% | 1.77% |
| Daily Std Dev | 5.68% | 5.70% |
| Max Drawdown | -18.84% | -19.64% |
| Current Drawdown | -9.21% | -10.17% |
Correlation
The correlation between BND and FXNAX is 0.93, 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. FXNAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with BND having a 1.55% return and FXNAX slightly lower at 1.52%. Over the past 10 years, BND has outperformed FXNAX with an annualized return of 1.39%, while FXNAX has yielded a comparatively lower 1.28% 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. FXNAX - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is higher than FXNAX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BND vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.58%, more than FXNAX's 3.33% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.33% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
BND vs. FXNAX - Drawdown Comparison
The maximum BND drawdown since its inception was -18.84%, roughly equal to the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for BND and FXNAX. For additional features, visit the drawdowns tool.
Volatility
BND vs. FXNAX - Volatility Comparison
Vanguard Total Bond Market ETF (BND) has a higher volatility of 1.64% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.56%. This indicates that BND's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.