BOND vs. FBND
Compare and contrast key facts about PIMCO Active Bond ETF (BOND) and Fidelity Total Bond ETF (FBND).
BOND and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012. 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: BOND or FBND.
Key characteristics
| BOND | FBND | |
|---|---|---|
| YTD Return | 2.69% | 2.31% |
| 1Y Return | 8.83% | 7.75% |
| 3Y Return (Ann) | -1.83% | -1.31% |
| 5Y Return (Ann) | 0.18% | 0.97% |
| 10Y Return (Ann) | 1.88% | 2.23% |
| Sharpe Ratio | 1.66 | 1.46 |
| Sortino Ratio | 2.38 | 2.11 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 0.62 | 0.69 |
| Martin Ratio | 6.43 | 5.58 |
| Ulcer Index | 1.43% | 1.51% |
| Daily Std Dev | 5.54% | 5.80% |
| Max Drawdown | -19.71% | -17.25% |
| Current Drawdown | -7.17% | -5.36% |
Correlation
The correlation between BOND and FBND is 0.76, 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
BOND vs. FBND - Performance Comparison
In the year-to-date period, BOND achieves a 2.69% return, which is significantly higher than FBND's 2.31% return. Over the past 10 years, BOND has underperformed FBND with an annualized return of 1.88%, 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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BOND vs. FBND - Expense Ratio Comparison
BOND has a 0.57% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
BOND vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) 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
BOND vs. FBND - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.59%, more than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.59% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
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
BOND vs. FBND - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BOND and FBND. For additional features, visit the drawdowns tool.
Volatility
BOND vs. FBND - Volatility Comparison
PIMCO Active Bond ETF (BOND) and Fidelity Total Bond ETF (FBND) have volatilities of 1.51% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.