FBND vs. BNDX
FBND (Fidelity Total Bond ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). FBND is actively managed, while BNDX is passively managed. Over the past 10 years, FBND returned 2.53%/yr vs 1.72%/yr for BNDX. A 0.69 correlation means they provide meaningful diversification when combined. FBND charges 0.36%/yr vs 0.07%/yr for BNDX.
Performance
FBND vs. BNDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBND achieves a 0.61% return, which is significantly lower than BNDX's 1.04% return. Over the past 10 years, FBND has outperformed BNDX with an annualized return of 2.53%, while BNDX has yielded a comparatively lower 1.72% annualized return.
FBND
- 1D
- -0.26%
- 1M
- 0.58%
- YTD
- 0.61%
- 6M
- 0.71%
- 1Y
- 4.87%
- 3Y*
- 4.69%
- 5Y*
- 0.78%
- 10Y*
- 2.53%
BNDX
- 1D
- -0.17%
- 1M
- 0.67%
- YTD
- 1.04%
- 6M
- 1.23%
- 1Y
- 2.08%
- 3Y*
- 4.14%
- 5Y*
- 0.42%
- 10Y*
- 1.72%
FBND vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.61% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
BNDX Vanguard Total International Bond ETF | 1.04% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between FBND and BNDX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.69 |
The correlation between FBND and BNDX shifts across timeframes, from 0.69 (all time) to 0.81 (5 years), 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. BNDX — Risk / Return Rank
FBND
BNDX
FBND vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Vanguard Total International Bond ETF (BNDX). 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 | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.71 | +1.12 |
| Martin ratioReturn relative to average drawdown | 5.27 | 1.97 | +3.30 |
Loading charts...
Drawdowns
FBND vs. BNDX - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for FBND and BNDX.
Loading charts...
Drawdown Indicators
| FBND | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -16.23% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.93% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -2.93% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -15.86% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -16.23% | -1.02% |
Current DrawdownCurrent decline from peak | -1.32% | -1.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -3.10% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.06% | -0.13% |
Volatility
FBND vs. BNDX - Volatility Comparison
Fidelity Total Bond ETF (FBND) has a higher volatility of 1.12% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that FBND's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBND | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.96% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.97% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.46% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 4.89% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 4.10% | +2.00% |
FBND vs. BNDX - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
FBND vs. BNDX - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.70%, more than BNDX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
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
FBND and BNDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBND has higher volatility (1.12%) compared to BNDX (0.96%). In terms of maximum drawdown, FBND dropped -17.25% vs BNDX's -16.23%.
On 10-year performance, FBND leads with 2.53% vs 1.72% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 0.96%. 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 2.53% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.70%, compared with 4.47% for BNDX.
FBND is categorized as Intermediate Core-Plus Bond, while BNDX is Global Bonds. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.36% for FBND and 0.07% for BNDX.
FBND currently has the higher Sharpe Ratio (1.28 vs 0.61), 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 BNDX
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