FBCV vs. FBND
FBCV (Fidelity Blue Chip Value ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - FBCV is a Large Cap Value Equities fund actively managed by Fidelity, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FBCV returned 10.70%/yr vs 0.34%/yr for FBND. Their 0.16 correlation means their historical movements had little consistent relationship. FBCV charges 0.57%/yr vs 0.36%/yr for FBND.
Performance
FBCV vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, FBCV achieves a 19.30% return, which is significantly higher than FBND's -0.08% return.
FBCV
- 1D
- 1.05%
- 1M
- 4.49%
- 6M
- 14.03%
- YTD
- 19.30%
- 1Y
- 34.48%
- 3Y*
- 16.46%
- 5Y*
- 10.70%
- 10Y*
- —
- ALL TIME*
- 14.85%
FBND
- 1D
- 0.25%
- 1M
- -1.01%
- 6M
- -0.18%
- YTD
- -0.08%
- 1Y
- 2.33%
- 3Y*
- 4.67%
- 5Y*
- 0.34%
- 10Y*
- 2.28%
- ALL TIME*
- 2.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $777.37K | $549.15K | $439.38K | |
| $137.95M | $129.50M | $125.63M |
FBCV vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBCV Fidelity Blue Chip Value ETF | 19.30% | 16.36% | 10.26% | 5.45% | -2.26% | 26.18% | 17.93% |
FBND Fidelity Total Bond ETF | -0.08% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 4.28% |
Correlation
The correlation between FBCV and FBND is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.16 |
The correlation between FBCV and FBND shifts across timeframes, from 0.16 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBCV vs. FBND — Risk / Return Rank
FBCV
FBND
FBCV vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) 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.
| FBCV | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.11 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 0.88 | +4.04 |
| Martin ratioReturn relative to average drawdown | 20.60 | 2.22 | +18.38 |
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Drawdowns
FBCV vs. FBND - Drawdown Comparison
The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FBCV and FBND.
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Drawdown Indicators
| FBCV | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -17.25% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -2.66% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -4.95% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | -17.25% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.00% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -3.32% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.05% | +0.63% |
Volatility
FBCV vs. FBND - Volatility Comparison
Fidelity Blue Chip Value ETF (FBCV) has a higher volatility of 3.10% compared to Fidelity Total Bond ETF (FBND) at 0.97%. This indicates that FBCV'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
| FBCV | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 0.97% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 2.95% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 3.71% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 5.93% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 6.10% | +8.54% |
FBCV vs. FBND - Expense Ratio Comparison
FBCV has a 0.57% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
FBCV vs. FBND - Dividend Comparison
FBCV's dividend yield for the trailing twelve months is around 2.41%, less than FBND's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBCV Fidelity Blue Chip Value ETF | 2.41% | 2.95% | 1.75% | 1.68% | 2.01% | 3.13% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.76% | 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
FBCV and FBND have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBCV has higher volatility (3.10%) compared to FBND (0.97%). In terms of maximum drawdown, FBCV dropped -15.55% vs FBND's -17.25%.
On 5-year performance, FBCV leads with 10.70% vs 0.34% for FBND. On fees, FBND is cheaper at 0.36% per year. On volatility, FBND has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FBCV has performed better with a 10.70% return vs 0.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND is cheaper with a 0.36% expense ratio, compared with 0.57% for FBCV.
FBND has the higher dividend yield at 4.76%, compared with 2.41% for FBCV.
FBCV is categorized as Large Cap Value Equities, while FBND is Intermediate Core-Plus Bond. Their fees differ too: 0.57% for FBCV and 0.36% for FBND.
FBCV currently has the higher Sharpe Ratio (3.26 vs 0.63), 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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