FBKWX vs. BND
FBKWX (Fidelity Advisor Total Bond Fund Class Z) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 10 years, FBKWX returned 2.16%/yr vs 1.36%/yr for BND. Their correlation of 0.90 means they have usually moved in the same direction. FBKWX charges 0.36%/yr vs 0.03%/yr for BND.
Performance
FBKWX vs. BND - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FBKWX having a -0.52% return and BND slightly lower at -0.54%. Over the past 10 years, FBKWX has outperformed BND with an annualized return of 2.16%, while BND has yielded a comparatively lower 1.36% annualized return.
FBKWX
- 1D
- 0.00%
- 1M
- -1.26%
- 6M
- -0.66%
- YTD
- -0.52%
- 1Y
- 2.04%
- 3Y*
- 4.18%
- 5Y*
- 0.05%
- 10Y*
- 2.16%
- ALL TIME*
- 2.44%
BND
- 1D
- -0.26%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.54%
- 1Y
- 1.75%
- 3Y*
- 3.92%
- 5Y*
- -0.42%
- 10Y*
- 1.36%
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $451.00M | $507.49M | $592.68M | |
| $0.00 | $0.00 | $0.00 |
FBKWX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | -0.52% | 7.60% | 2.20% | 6.56% | -13.55% | -0.27% | 9.46% | 9.88% | -0.56% | 4.39% |
BND Vanguard Total Bond Market ETF | -0.54% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between FBKWX and BND is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.90 |
The correlation between FBKWX and BND has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FBKWX vs. BND — Risk / Return Rank
FBKWX
BND
FBKWX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Vanguard Total Bond Market ETF (BND). 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.
| FBKWX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.99 | +0.16 |
| Martin ratioReturn relative to average drawdown | 2.87 | 2.48 | +0.39 |
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Drawdowns
FBKWX vs. BND - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.31%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FBKWX and BND.
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Drawdown Indicators
| FBKWX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -18.58% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.68% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | -4.81% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | -17.91% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -18.58% | +0.27% |
Current DrawdownCurrent decline from peak | -2.39% | -3.15% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -3.06% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.07% | +0.08% |
Volatility
FBKWX vs. BND - Volatility Comparison
Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Vanguard Total Bond Market ETF (BND) have volatilities of 0.97% and 0.98%, 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.
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Volatility by Period
| FBKWX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.98% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.90% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.70% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 6.03% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 5.53% | -0.76% |
FBKWX vs. BND - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
FBKWX vs. BND - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.11%, more than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.69% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.11% | 4.45% | 4.22% | 3.52% | 2.59% | 1.97% | 5.32% | 3.11% | 3.30% | 3.07% | 3.71% | 3.38% |
Frequently Asked Questions
With a correlation of 0.91, FBKWX and BND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BND has higher volatility (0.98%) compared to FBKWX (0.97%). In terms of maximum drawdown, FBKWX dropped -18.31% vs BND's -18.58%.
FBKWX currently has the higher Sharpe Ratio (0.86 vs 0.72), 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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