DIBRX vs. FBIIX
DIBRX (BNY Mellon International Bond Fund) and FBIIX (Fidelity International Bond Index Fund) are both Global Bonds funds. Over the past 5 years, DIBRX returned -2.58%/yr vs 0.92%/yr for FBIIX. At a 0.47 correlation, their price movements are largely independent. DIBRX charges 0.73%/yr vs 0.06%/yr for FBIIX.
Performance
DIBRX vs. FBIIX - Performance Comparison
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Returns By Period
In the year-to-date period, DIBRX achieves a -2.03% return, which is significantly lower than FBIIX's 1.60% return.
DIBRX
- 1D
- -0.16%
- 1M
- -1.25%
- YTD
- -2.03%
- 6M
- -2.03%
- 1Y
- -2.50%
- 3Y*
- 2.67%
- 5Y*
- -2.58%
- 10Y*
- -0.38%
FBIIX
- 1D
- 0.33%
- 1M
- 0.98%
- YTD
- 1.60%
- 6M
- 1.71%
- 1Y
- 2.67%
- 3Y*
- 4.31%
- 5Y*
- 0.92%
- 10Y*
- —
DIBRX vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | -2.03% | 8.51% | -3.14% | 5.70% | -16.81% | -6.80% | 8.38% | 0.92% |
FBIIX Fidelity International Bond Index Fund | 1.60% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
Correlation
The correlation between DIBRX and FBIIX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.47 |
The correlation between DIBRX and FBIIX has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
DIBRX vs. FBIIX — Risk / Return Rank
DIBRX
FBIIX
DIBRX vs. FBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Bond Fund (DIBRX) and Fidelity International Bond Index Fund (FBIIX). 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.
| DIBRX | FBIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.16 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.92 | -1.39 |
| Martin ratioReturn relative to average drawdown | -1.06 | 2.50 | -3.56 |
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Drawdowns
DIBRX vs. FBIIX - Drawdown Comparison
The maximum DIBRX drawdown since its inception was -30.62%, which is greater than FBIIX's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for DIBRX and FBIIX.
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Drawdown Indicators
| DIBRX | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.62% | -13.79% | -16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -2.78% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -2.78% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.27% | -13.74% | -14.53% |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | — | — |
Current DrawdownCurrent decline from peak | -16.23% | -0.36% | -15.87% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -4.09% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 1.03% | +1.26% |
Volatility
DIBRX vs. FBIIX - Volatility Comparison
BNY Mellon International Bond Fund (DIBRX) has a higher volatility of 1.61% compared to Fidelity International Bond Index Fund (FBIIX) at 0.86%. This indicates that DIBRX's price experiences larger fluctuations and is considered to be riskier than FBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIBRX | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.86% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 2.68% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 3.05% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 3.60% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 3.42% | +3.68% |
DIBRX vs. FBIIX - Expense Ratio Comparison
DIBRX has a 0.73% expense ratio, which is higher than FBIIX's 0.06% expense ratio.
Dividends
DIBRX vs. FBIIX - Dividend Comparison
DIBRX's dividend yield for the trailing twelve months is around 3.16%, less than FBIIX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | 3.16% | 2.48% | 2.34% | 0.00% | 0.58% | 1.90% | 2.16% | 0.00% | 3.64% | 3.81% | 0.61% | 5.14% |
FBIIX Fidelity International Bond Index Fund | 4.15% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIBRX and FBIIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIBRX has higher volatility (1.61%) compared to FBIIX (0.86%). In terms of maximum drawdown, DIBRX dropped -30.62% vs FBIIX's -13.79%.
FBIIX currently has the higher Sharpe Ratio (0.84 vs -0.37), 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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