BNDP vs. FTBFX

Last updated Jul 14, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and FTBFX (Fidelity Total Bond Fund) are both Intermediate Core-Plus Bond funds. BNDP is passively managed, while FTBFX is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.45%/yr for FTBFX.

Performance

BNDP vs. FTBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and Fidelity Total Bond Fund (FTBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDP achieves a -0.11% return, which is significantly lower than FTBFX's 0.28% return.

BNDP

• 1D: -0.46%
• 1M: -0.62%
• 6M: -0.25%
• YTD: -0.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTBFX

• 1D: 0.00%
• 1M: -0.18%
• 6M: 0.18%
• YTD: 0.28%
• 1Y: 4.29%
• 3Y*: 4.88%
• 5Y*: 0.40%
• 10Y*: 2.26%

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

BNDP vs. FTBFX - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	-0.11%	0.08%
FTBFX Fidelity Total Bond Fund	0.28%	-0.17%

Correlation

The correlation between BNDP and FTBFX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.92

Return for Risk

BNDP vs. FTBFX — Risk / Return Rank

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

BNDP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTBFX

FTBFX Risk / Return Rank: 23
FTBFX Sharpe Ratio Rank: 24
FTBFX Sortino Ratio Rank: 24
FTBFX Omega Ratio Rank: 22
FTBFX Calmar Ratio Rank: 23
FTBFX Martin Ratio Rank: 21

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.

BNDP vs. FTBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Fidelity Total Bond Fund (FTBFX). 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.

	BNDP	FTBFX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.53	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.34	—
Martin ratio: Return relative to average drawdown	—	3.78	—

Drawdowns

BNDP vs. FTBFX - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for BNDP and FTBFX.

Drawdown Indicators

	BNDP	FTBFX	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-18.25%	+15.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.25%	—
Current Drawdown Current decline from peak	-1.75%	-1.59%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.91%	-2.31%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.03%	—

Volatility

Volatility by Period

	BNDP	FTBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	3.74%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	5.67%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	4.74%	-1.04%

BNDP vs. FTBFX - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than FTBFX's 0.45% expense ratio.

Dividends

BNDP vs. FTBFX - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.46%, less than FTBFX's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDP Vanguard Core-Plus Bond Index ETF	2.46%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTBFX Fidelity Total Bond Fund	4.37%	4.36%	4.15%	4.15%	2.54%	1.89%	5.22%	3.03%	3.19%	2.97%	3.61%	3.30%

Frequently Asked Questions

Can I hold both BNDP and FTBFX in my portfolio?

With a correlation of 0.92, BNDP and FTBFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.