DJD vs. FBND
DJD (Invesco Dow Jones Industrial Average Dividend ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - DJD is a Large Cap Value Equities fund tracking the Dow Jones Industrial Average Yield Weighted Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. DJD is passively managed, while FBND is actively managed. Over the past 10 years, DJD returned 12.03%/yr vs 2.32%/yr for FBND. At a 0.07 correlation, their price movements are largely independent. DJD charges 0.07%/yr vs 0.36%/yr for FBND.
Performance
DJD vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, DJD achieves a 12.11% return, which is significantly higher than FBND's 0.27% return. Over the past 10 years, DJD has outperformed FBND with an annualized return of 12.03%, while FBND has yielded a comparatively lower 2.32% annualized return.
DJD
- 1D
- -0.60%
- 1M
- 1.48%
- 6M
- 9.44%
- YTD
- 12.11%
- 1Y
- 21.94%
- 3Y*
- 16.77%
- 5Y*
- 11.00%
- 10Y*
- 12.03%
- ALL TIME*
- 12.32%
FBND
- 1D
- -0.26%
- 1M
- -0.60%
- 6M
- 0.12%
- YTD
- 0.27%
- 1Y
- 4.12%
- 3Y*
- 4.46%
- 5Y*
- 0.52%
- 10Y*
- 2.32%
- ALL TIME*
- 2.53%
DJD vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 12.11% | 15.83% | 13.66% | 9.41% | -0.73% | 22.40% | 0.87% | 22.00% | 0.03% | 21.65% |
FBND Fidelity Total Bond ETF | 0.27% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between DJD and FBND is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2015 | 0.07 |
Over the past year, DJD and FBND have become more correlated (0.32) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
DJD vs. FBND — Risk / Return Rank
DJD
FBND
DJD vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) 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.
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.
| DJD | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.55 | +2.36 |
| Martin ratioReturn relative to average drawdown | 11.44 | 4.22 | +7.22 |
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Drawdowns
DJD vs. FBND - Drawdown Comparison
The maximum DJD drawdown since its inception was -34.66%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for DJD and FBND.
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Drawdown Indicators
| DJD | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -17.25% | -17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.64% | -2.66% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -5.61% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.94% | -17.25% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -17.25% | -17.41% |
Current DrawdownCurrent decline from peak | -2.47% | -1.65% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -3.33% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.98% | +0.94% |
Volatility
DJD vs. FBND - Volatility Comparison
Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a higher volatility of 3.49% compared to Fidelity Total Bond ETF (FBND) at 1.07%. This indicates that DJD's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJD | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 1.07% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 2.92% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.42% | 3.80% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 5.93% | +7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 6.10% | +10.47% |
DJD vs. FBND - Expense Ratio Comparison
DJD has a 0.07% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
DJD vs. FBND - Dividend Comparison
DJD's dividend yield for the trailing twelve months is around 2.48%, less than FBND's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 2.48% | 2.62% | 3.00% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 2.75% | 2.46% | 0.08% |
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
DJD and FBND have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DJD has higher volatility (3.49%) compared to FBND (1.07%). In terms of maximum drawdown, DJD dropped -34.66% vs FBND's -17.25%.
On 10-year performance, DJD leads with 12.03% vs 2.32% for FBND. On fees, DJD is cheaper at 0.07% per year. On volatility, FBND has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DJD has performed better with a 12.03% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJD is cheaper with a 0.07% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.72%, compared with 2.48% for DJD.
DJD is categorized as Large Cap Value Equities, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.07% for DJD and 0.36% for FBND.
DJD currently has the higher Sharpe Ratio (2.12 vs 1.09), 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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