FBND vs. BNDP
FBND (Fidelity Total Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. FBND is actively managed, while BNDP is passively managed. With a 0.98 correlation, they move nearly in lockstep. FBND charges 0.36%/yr vs 0.05%/yr for BNDP.
Performance
FBND vs. BNDP - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.50% return, which is significantly higher than BNDP's 0.34% return.
FBND
- 1D
- -0.20%
- 1M
- 0.31%
- YTD
- 0.50%
- 6M
- 0.30%
- 1Y
- 5.59%
- 3Y*
- 4.70%
- 5Y*
- 0.83%
- 10Y*
- 2.56%
BNDP
- 1D
- -0.08%
- 1M
- 0.41%
- YTD
- 0.34%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBND vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBND Fidelity Total Bond ETF | 0.50% | -0.01% |
BNDP Vanguard Core-Plus Bond Index ETF | 0.34% | 0.10% |
Correlation
The correlation between FBND and BNDP is 0.98 - 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 (All Time) Calculated using the full available price history since Dec 5, 2025 | 0.98 |
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Return for Risk
FBND vs. BNDP — Risk / Return Rank
FBND
BNDP
FBND vs. BNDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Vanguard Core-Plus Bond Index ETF (BNDP). 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 | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | — | — |
| Martin ratioReturn relative to average drawdown | 6.37 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBND | BNDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.25 | +0.20 |
Drawdowns
FBND vs. BNDP - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for FBND and BNDP.
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Drawdown Indicators
| FBND | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -2.60% | -14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.31% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -0.86% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
FBND vs. BNDP - Volatility Comparison
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Volatility by Period
| FBND | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.63% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 3.63% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 3.63% | +2.47% |
FBND vs. BNDP - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than BNDP's 0.05% expense ratio.
Dividends
FBND vs. BNDP - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.70%, more than BNDP's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.08% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.70% | 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 0.98, FBND and BNDP 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.
On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.70%, compared with 2.08% for BNDP.
They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.36% for FBND and 0.05% for BNDP.
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