FBIIX vs. FTBFX
FBIIX (Fidelity International Bond Index Fund) and FTBFX (Fidelity Total Bond Fund) are both mutual funds - FBIIX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Diversified Index (Hedged USD), while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. FBIIX is passively managed, while FTBFX is actively managed. Over the past 5 years, FBIIX returned 0.36%/yr vs 0.12%/yr for FTBFX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FBIIX charges 0.06%/yr vs 0.45%/yr for FTBFX.
Performance
FBIIX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, FBIIX achieves a 0.37% return, which is significantly higher than FTBFX's -0.46% return.
FBIIX
- 1D
- 0.00%
- 1M
- -0.99%
- 6M
- -0.17%
- YTD
- 0.37%
- 1Y
- 1.38%
- 3Y*
- 3.93%
- 5Y*
- 0.36%
- 10Y*
- —
- ALL TIME*
- 0.68%
FTBFX
- 1D
- 0.11%
- 1M
- -1.26%
- 6M
- -0.69%
- YTD
- -0.46%
- 1Y
- 2.07%
- 3Y*
- 4.27%
- 5Y*
- 0.12%
- 10Y*
- 2.16%
- ALL TIME*
- 3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FBIIX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FBIIX Fidelity International Bond Index Fund | 0.37% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
FTBFX Fidelity Total Bond Fund | -0.46% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 0.34% |
Correlation
The correlation between FBIIX and FTBFX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.68 |
The correlation between FBIIX and FTBFX has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
FBIIX vs. FTBFX — Risk / Return Rank
FBIIX
FTBFX
FBIIX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Bond Index Fund (FBIIX) and Fidelity Total Bond Fund (FTBFX). 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.
| FBIIX | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.11 | -0.61 |
| Martin ratioReturn relative to average drawdown | 1.26 | 2.83 | -1.57 |
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Drawdowns
FBIIX vs. FTBFX - Drawdown Comparison
The maximum FBIIX drawdown since its inception was -13.79%, smaller than the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FBIIX and FTBFX.
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Drawdown Indicators
| FBIIX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.79% | -18.25% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.89% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -4.96% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -18.25% | +4.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.25% | — |
Current DrawdownCurrent decline from peak | -1.56% | -2.31% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -2.31% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.13% | -0.03% |
Volatility
FBIIX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity International Bond Index Fund (FBIIX) is 0.93%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.04%. This indicates that FBIIX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBIIX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.04% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 3.00% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 3.76% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 5.68% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 4.74% | -1.33% |
FBIIX vs. FTBFX - Expense Ratio Comparison
FBIIX has a 0.06% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Dividends
FBIIX vs. FTBFX - Dividend Comparison
FBIIX's dividend yield for the trailing twelve months is around 4.26%, more than FTBFX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIIX Fidelity International Bond Index Fund | 4.26% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
FTBFX Fidelity Total Bond Fund | 4.03% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
FBIIX and FTBFX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBFX has higher volatility (1.04%) compared to FBIIX (0.93%). In terms of maximum drawdown, FBIIX dropped -13.79% vs FTBFX's -18.25%.
FTBFX currently has the higher Sharpe Ratio (0.86 vs 0.44), 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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