BOND vs. FDVV
BOND (PIMCO Active Bond ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. BOND is actively managed, while FDVV is passively managed. Over the past 5 years, BOND returned 0.44%/yr vs 13.53%/yr for FDVV. At a 0.09 correlation, their price movements are largely independent. BOND charges 0.54%/yr vs 0.29%/yr for FDVV.
Performance
BOND vs. FDVV - Performance Comparison
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Returns By Period
In the year-to-date period, BOND achieves a 0.79% return, which is significantly lower than FDVV's 9.30% return.
BOND
- 1D
- -0.04%
- 1M
- 0.57%
- YTD
- 0.79%
- 6M
- 1.33%
- 1Y
- 6.34%
- 3Y*
- 5.25%
- 5Y*
- 0.44%
- 10Y*
- 2.17%
FDVV
- 1D
- 0.57%
- 1M
- 2.54%
- YTD
- 9.30%
- 6M
- 9.44%
- 1Y
- 23.92%
- 3Y*
- 19.75%
- 5Y*
- 13.53%
- 10Y*
- —
BOND vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.79% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
FDVV Fidelity High Dividend ETF | 9.30% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Correlation
The correlation between BOND and FDVV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.09 |
Over the past year, BOND and FDVV have become more correlated (0.37) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
BOND vs. FDVV — Risk / Return Rank
BOND
FDVV
BOND vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and Fidelity High Dividend ETF (FDVV). 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.
| BOND | FDVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.44 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.03 | 10.11 | -4.08 |
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Drawdowns
BOND vs. FDVV - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for BOND and FDVV.
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Drawdown Indicators
| BOND | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -40.25% | +20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -9.30% | +6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -15.90% | +9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -20.18% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -0.29% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.80% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.24% | -1.26% |
Volatility
BOND vs. FDVV - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.51%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.16%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOND | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 3.16% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 8.16% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 10.12% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 14.76% | -8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 16.98% | -11.89% |
BOND vs. FDVV - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Dividends
BOND vs. FDVV - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.17%, more than FDVV's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.17% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
FDVV Fidelity High Dividend ETF | 2.70% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Frequently Asked Questions
BOND and FDVV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVV has higher volatility (3.16%) compared to BOND (1.51%). In terms of maximum drawdown, BOND dropped -19.71% vs FDVV's -40.25%.
On 5-year performance, FDVV leads with 13.53% vs 0.44% for BOND. On fees, FDVV is cheaper at 0.29% per year. On volatility, BOND has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FDVV has performed better with a 13.53% return vs 0.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDVV is cheaper with a 0.29% expense ratio, compared with 0.54% for BOND.
BOND has the higher dividend yield at 5.17%, compared with 2.70% for FDVV.
BOND is categorized as Intermediate Core-Plus Bond, while FDVV is Large Cap Blend Equities. They also come from different issuers: PIMCO and Fidelity. Their fees differ too: 0.54% for BOND and 0.29% for FDVV.
FDVV currently has the higher Sharpe Ratio (2.24 vs 1.50), 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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