DBIRX vs. FTHRX
DBIRX (BNY Mellon Bond Market Index Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, DBIRX returned 1.19%/yr vs 1.95%/yr for FTHRX. Their correlation of 0.89 suggests significant overlap in exposure. DBIRX charges 0.15%/yr vs 0.45%/yr for FTHRX.
Performance
DBIRX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, DBIRX achieves a 0.03% return, which is significantly higher than FTHRX's -0.24% return. Over the past 10 years, DBIRX has underperformed FTHRX with an annualized return of 1.19%, while FTHRX has yielded a comparatively higher 1.95% annualized return.
DBIRX
- 1D
- -0.22%
- 1M
- 0.55%
- YTD
- 0.03%
- 6M
- 0.47%
- 1Y
- 4.00%
- 3Y*
- 3.38%
- 5Y*
- -0.47%
- 10Y*
- 1.19%
FTHRX
- 1D
- -0.20%
- 1M
- 0.22%
- YTD
- -0.24%
- 6M
- 0.16%
- 1Y
- 3.22%
- 3Y*
- 4.50%
- 5Y*
- 1.02%
- 10Y*
- 1.95%
DBIRX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBIRX BNY Mellon Bond Market Index Fund | 0.03% | 7.06% | 0.58% | 4.77% | -13.66% | -2.09% | 7.54% | 8.50% | -0.15% | 3.36% |
FTHRX Fidelity Intermediate Bond Fund | -0.24% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Correlation
The correlation between DBIRX and FTHRX 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 (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 1993 | 0.89 |
The correlation between DBIRX and FTHRX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
DBIRX vs. FTHRX — Risk / Return Rank
DBIRX
FTHRX
DBIRX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Bond Market Index Fund (DBIRX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| DBIRX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.59 | -0.16 |
| Martin ratioReturn relative to average drawdown | 4.02 | 4.39 | -0.37 |
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Drawdowns
DBIRX vs. FTHRX - Drawdown Comparison
The maximum DBIRX drawdown since its inception was -19.60%, roughly equal to the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for DBIRX and FTHRX.
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Drawdown Indicators
| DBIRX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -19.01% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.11% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -6.35% | -2.68% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -13.18% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | -13.25% | -6.35% |
Current DrawdownCurrent decline from peak | -5.08% | -1.48% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -3.06% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.76% | +0.32% |
Volatility
DBIRX vs. FTHRX - Volatility Comparison
BNY Mellon Bond Market Index Fund (DBIRX) has a higher volatility of 1.16% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.87%. This indicates that DBIRX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBIRX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.87% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.09% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 2.80% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 4.04% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 3.40% | +1.58% |
DBIRX vs. FTHRX - Expense Ratio Comparison
DBIRX has a 0.15% expense ratio, which is lower than FTHRX's 0.45% expense ratio.
Dividends
DBIRX vs. FTHRX - Dividend Comparison
DBIRX's dividend yield for the trailing twelve months is around 3.85%, more than FTHRX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBIRX BNY Mellon Bond Market Index Fund | 3.85% | 3.78% | 3.17% | 2.73% | 2.17% | 2.54% | 2.72% | 2.77% | 2.79% | 2.52% | 2.96% | 2.95% |
FTHRX Fidelity Intermediate Bond Fund | 3.71% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
Frequently Asked Questions
With a correlation of 0.92, DBIRX and FTHRX 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.
DBIRX has higher volatility (1.16%) compared to FTHRX (0.87%). In terms of maximum drawdown, DBIRX dropped -19.60% vs FTHRX's -19.01%.
FTHRX currently has the higher Sharpe Ratio (1.20 vs 1.11), 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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