EVTR vs. FBNDX

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Total Return Bond ETF (EVTR) and Fidelity Investment Grade Bond Fund (FBNDX).

EVTR is an actively managed fund by Eaton Vance. It was launched on Nov 14, 1984. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.

Performance

EVTR vs. FBNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Total Return Bond ETF (EVTR) and Fidelity Investment Grade Bond Fund (FBNDX). The values are adjusted to include any dividend payments, if applicable.

EVTR vs. FBNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVTR Eaton Vance Total Return Bond ETF	-0.22%	8.10%	4.07%
FBNDX Fidelity Investment Grade Bond Fund	-0.36%	7.37%	1.97%

Returns By Period

In the year-to-date period, EVTR achieves a -0.22% return, which is significantly higher than FBNDX's -0.36% return.

EVTR

• 1D: 0.09%
• 1M: -1.50%
• YTD: -0.22%
• 6M: 0.78%
• 1Y: 4.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBNDX

• 1D: 0.14%
• 1M: -1.76%
• YTD: -0.36%
• 6M: 0.36%
• 1Y: 3.63%
• 3Y*: 3.61%
• 5Y*: 0.18%
• 10Y*: 2.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVTR vs. FBNDX - Expense Ratio Comparison

EVTR has a 0.32% expense ratio, which is lower than FBNDX's 0.45% expense ratio.

FBNDX

Fidelity Investment Grade Bond Fund

EVTR

Eaton Vance Total Return Bond ETF

Return for Risk

EVTR vs. FBNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVTR

EVTR Risk / Return Rank: 63
EVTR Sharpe Ratio Rank: 68
EVTR Sortino Ratio Rank: 67
EVTR Omega Ratio Rank: 57
EVTR Calmar Ratio Rank: 66
EVTR Martin Ratio Rank: 59

FBNDX

FBNDX Risk / Return Rank: 42
FBNDX Sharpe Ratio Rank: 39
FBNDX Sortino Ratio Rank: 36
FBNDX Omega Ratio Rank: 26
FBNDX Calmar Ratio Rank: 67
FBNDX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVTR vs. FBNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Total Return Bond ETF (EVTR) and Fidelity Investment Grade Bond Fund (FBNDX). 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.

	EVTR	FBNDX	Difference
Sharpe ratio Return per unit of total volatility	1.24	0.86	+0.38
Sortino ratio Return per unit of downside risk	1.74	1.24	+0.50
Omega ratio Gain probability vs. loss probability	1.22	1.15	+0.07
Calmar ratio Return relative to maximum drawdown	1.77	1.58	+0.19
Martin ratio Return relative to average drawdown	6.07	4.56	+1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVTR vs. FBNDX - Sharpe Ratio Comparison

The current EVTR Sharpe Ratio is 1.24, which is higher than the FBNDX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of EVTR and FBNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EVTR	FBNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	0.86	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	0.53	+0.85

Correlation

The correlation between EVTR and FBNDX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EVTR vs. FBNDX - Dividend Comparison

EVTR's dividend yield for the trailing twelve months is around 4.63%, more than FBNDX's 3.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVTR Eaton Vance Total Return Bond ETF	4.63%	4.51%	4.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FBNDX Fidelity Investment Grade Bond Fund	3.58%	3.87%	3.34%	3.56%	1.98%	1.34%	4.70%	2.75%	2.86%	2.18%	2.72%	2.66%

Drawdowns

EVTR vs. FBNDX - Drawdown Comparison

The maximum EVTR drawdown since its inception was -4.08%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for EVTR and FBNDX.

Drawdown Indicators

	EVTR	FBNDX	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-42.76%	+38.68%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-2.88%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.74%	—
Current Drawdown Current decline from peak	-1.94%	-2.31%	+0.37%
Average Drawdown Average peak-to-trough decline	-0.92%	-10.37%	+9.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.00%	-0.17%

Volatility

EVTR vs. FBNDX - Volatility Comparison

Eaton Vance Total Return Bond ETF (EVTR) and Fidelity Investment Grade Bond Fund (FBNDX) have volatilities of 1.66% and 1.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVTR	FBNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.62%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	2.74%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	4.62%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	6.00%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.30%	5.00%	-0.70%