FBND vs. BOND
Compare and contrast key facts about Fidelity Total Bond ETF (FBND) and PIMCO Active Bond ETF (BOND).
FBND and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBND or BOND.
Key characteristics
| FBND | BOND | |
|---|---|---|
| YTD Return | 2.31% | 2.69% |
| 1Y Return | 7.75% | 8.83% |
| 3Y Return (Ann) | -1.31% | -1.83% |
| 5Y Return (Ann) | 0.97% | 0.18% |
| 10Y Return (Ann) | 2.23% | 1.88% |
| Sharpe Ratio | 1.46 | 1.66 |
| Sortino Ratio | 2.11 | 2.38 |
| Omega Ratio | 1.26 | 1.30 |
| Calmar Ratio | 0.69 | 0.62 |
| Martin Ratio | 5.58 | 6.43 |
| Ulcer Index | 1.51% | 1.43% |
| Daily Std Dev | 5.80% | 5.54% |
| Max Drawdown | -17.25% | -19.71% |
| Current Drawdown | -5.36% | -7.17% |
Correlation
The correlation between FBND and BOND is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBND vs. BOND - Performance Comparison
In the year-to-date period, FBND achieves a 2.31% return, which is significantly lower than BOND's 2.69% return. Over the past 10 years, FBND has outperformed BOND with an annualized return of 2.23%, while BOND has yielded a comparatively lower 1.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBND vs. BOND - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is lower than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
FBND vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and PIMCO Active Bond ETF (BOND). 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.
Dividends
FBND vs. BOND - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.60%, less than BOND's 5.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
BOND PIMCO Active Bond ETF | 5.59% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
Drawdowns
FBND vs. BOND - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for FBND and BOND. For additional features, visit the drawdowns tool.
Volatility
FBND vs. BOND - Volatility Comparison
Fidelity Total Bond ETF (FBND) and PIMCO Active Bond ETF (BOND) have volatilities of 1.53% and 1.51%, 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.