BYLD vs. FBND
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and Fidelity Total Bond ETF (FBND).
BYLD and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014. 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: BYLD or FBND.
Performance
BYLD vs. FBND - Performance Comparison
Returns By Period
In the year-to-date period, BYLD achieves a 4.45% return, which is significantly higher than FBND's 2.54% return. Over the past 10 years, BYLD has outperformed FBND with an annualized return of 2.49%, while FBND has yielded a comparatively lower 2.21% annualized return.
BYLD
4.45%
0.14%
4.11%
8.85%
1.13%
2.49%
FBND
2.54%
-0.46%
3.54%
7.82%
0.95%
2.21%
Key characteristics
| BYLD | FBND | |
|---|---|---|
| Sharpe Ratio | 1.88 | 1.28 |
| Sortino Ratio | 2.81 | 1.87 |
| Omega Ratio | 1.35 | 1.23 |
| Calmar Ratio | 1.13 | 0.62 |
| Martin Ratio | 10.01 | 4.70 |
| Ulcer Index | 0.86% | 1.58% |
| Daily Std Dev | 4.59% | 5.76% |
| Max Drawdown | -14.75% | -17.25% |
| Current Drawdown | -1.44% | -5.16% |
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BYLD vs. FBND - Expense Ratio Comparison
BYLD has a 0.20% expense ratio, which is lower than FBND's 0.36% expense ratio.
Correlation
The correlation between BYLD and FBND is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BYLD vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) 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
BYLD vs. FBND - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.15%, more than FBND's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.15% | 4.81% | 3.39% | 2.18% | 3.41% | 3.68% | 4.22% | 3.22% | 3.14% | 3.36% | 2.12% |
FBND Fidelity Total Bond ETF | 4.59% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
BYLD vs. FBND - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BYLD and FBND. For additional features, visit the drawdowns tool.
Volatility
BYLD vs. FBND - Volatility Comparison
The current volatility for iShares Yield Optimized Bond ETF (BYLD) is 1.14%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.38%. This indicates that BYLD experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.