FBND vs. BIMSX
FBND (Fidelity Total Bond ETF) and BIMSX (Baird Intermediate Bond Fund) are both funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while BIMSX is a Intermediate Core Bond fund managed by Baird. Over the past 10 years, FBND returned 2.54%/yr vs 1.95%/yr for BIMSX. A 0.80 correlation means they provide meaningful diversification when combined. FBND charges 0.36%/yr vs 0.55%/yr for BIMSX.
Performance
FBND vs. BIMSX - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.70% return, which is significantly higher than BIMSX's 0.27% return. Over the past 10 years, FBND has outperformed BIMSX with an annualized return of 2.54%, while BIMSX has yielded a comparatively lower 1.95% annualized return.
FBND
- 1D
- -0.13%
- 1M
- 1.07%
- YTD
- 0.70%
- 6M
- 1.04%
- 1Y
- 5.26%
- 3Y*
- 4.89%
- 5Y*
- 0.76%
- 10Y*
- 2.54%
BIMSX
- 1D
- 0.36%
- 1M
- 0.68%
- YTD
- 0.27%
- 6M
- 0.71%
- 1Y
- 4.00%
- 3Y*
- 4.59%
- 5Y*
- 1.03%
- 10Y*
- 1.95%
FBND vs. BIMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.70% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
BIMSX Baird Intermediate Bond Fund | 0.27% | 6.76% | 3.21% | 5.53% | -8.88% | -1.68% | 7.16% | 6.83% | 0.30% | 2.53% |
Correlation
The correlation between FBND and BIMSX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.80 |
The correlation between FBND and BIMSX shifts across timeframes, from 0.80 (all time) to 0.91 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FBND vs. BIMSX — Risk / Return Rank
FBND
BIMSX
FBND vs. BIMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Baird Intermediate Bond Fund (BIMSX). 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.
| FBND | BIMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.15 | -0.32 |
| Martin ratioReturn relative to average drawdown | 5.32 | 6.36 | -1.04 |
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Drawdowns
FBND vs. BIMSX - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, which is greater than BIMSX's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for FBND and BIMSX.
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Drawdown Indicators
| FBND | BIMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -13.07% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -1.87% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -2.57% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -13.00% | -4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -13.07% | -4.18% |
Current DrawdownCurrent decline from peak | -1.23% | -0.89% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -1.59% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.63% | +0.28% |
Volatility
FBND vs. BIMSX - Volatility Comparison
Fidelity Total Bond ETF (FBND) has a higher volatility of 1.35% compared to Baird Intermediate Bond Fund (BIMSX) at 0.88%. This indicates that FBND's price experiences larger fluctuations and is considered to be riskier than BIMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | BIMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.88% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.84% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 2.50% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 3.88% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 3.25% | +2.85% |
FBND vs. BIMSX - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is lower than BIMSX's 0.55% expense ratio.
Dividends
FBND vs. BIMSX - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.69%, more than BIMSX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMSX Baird Intermediate Bond Fund | 3.59% | 3.50% | 3.44% | 2.81% | 1.81% | 1.90% | 3.08% | 2.16% | 2.14% | 1.98% | 1.89% | 2.21% |
FBND Fidelity Total Bond ETF | 4.69% | 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
FBND and BIMSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBND has higher volatility (1.35%) compared to BIMSX (0.88%). In terms of maximum drawdown, FBND dropped -17.25% vs BIMSX's -13.07%.
BIMSX currently has the higher Sharpe Ratio (1.61 vs 1.27), 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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