FBND vs. BND
FBND (Fidelity Total Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. FBND is actively managed, while BND is passively managed. Over the past 10 years, FBND returned 2.51%/yr vs 1.56%/yr for BND. Their correlation of 0.86 suggests significant overlap in exposure. FBND charges 0.36%/yr vs 0.03%/yr for BND.
Performance
FBND vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBND achieves a 0.17% return, which is significantly higher than BND's -0.05% return. Over the past 10 years, FBND has outperformed BND with an annualized return of 2.51%, while BND has yielded a comparatively lower 1.56% annualized return.
FBND
- 1D
- -0.44%
- 1M
- -0.63%
- YTD
- 0.17%
- 6M
- 0.33%
- 1Y
- 5.41%
- 3Y*
- 4.57%
- 5Y*
- 0.77%
- 10Y*
- 2.51%
BND
- 1D
- -0.45%
- 1M
- -0.64%
- YTD
- -0.05%
- 6M
- 0.11%
- 1Y
- 4.90%
- 3Y*
- 3.80%
- 5Y*
- 0.02%
- 10Y*
- 1.56%
FBND vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.17% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
BND Vanguard Total Bond Market ETF | -0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between FBND and BND is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.86 |
The correlation between FBND and BND shifts across timeframes, from 0.86 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FBND vs. BND — Risk / Return Rank
FBND
BND
FBND vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) 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.
| FBND | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.62 | +0.21 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.86 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FBND | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.16 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.00 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.28 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.58 | -0.14 |
Drawdowns
FBND vs. BND - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FBND and BND.
Loading charts...
Drawdown Indicators
| FBND | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -18.58% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.68% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -5.92% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -17.91% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -18.58% | +1.33% |
Current DrawdownCurrent decline from peak | -1.75% | -2.67% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -3.06% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.89% | 0.00% |
Volatility
FBND vs. BND - Volatility Comparison
Fidelity Total Bond ETF (FBND) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.25% and 1.23%, 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.
Loading charts...
Volatility by Period
| FBND | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.23% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.70% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.76% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.02% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 5.53% | +0.57% |
FBND vs. BND - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
FBND vs. BND - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, more than BND's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
FBND Fidelity Total Bond ETF | 4.72% | 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
With a correlation of 0.99, FBND 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.
FBND has higher volatility (1.25%) compared to BND (1.23%). In terms of maximum drawdown, FBND dropped -17.25% vs BND's -18.58%.
On 10-year performance, FBND leads with 2.51% vs 1.56% for BND. On fees, BND is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FBND has performed better with a 2.51% return vs 1.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.72%, compared with 3.98% for BND.
FBND is categorized as Intermediate Core-Plus Bond, while BND is Total Bond Market. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.36% for FBND and 0.03% for BND.
FBND currently has the higher Sharpe Ratio (1.28 vs 1.16), 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.
Find the right allocation for FBND and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer