FBND vs. FBNDX
Compare and contrast key facts about Fidelity Total Bond ETF (FBND) and Fidelity Investment Grade Bond Fund (FBNDX).
FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBND or FBNDX.
Key characteristics
| FBND | FBNDX | |
|---|---|---|
| YTD Return | 2.31% | 1.93% |
| 1Y Return | 7.75% | 6.98% |
| 3Y Return (Ann) | -1.31% | -1.95% |
| 5Y Return (Ann) | 0.97% | -0.01% |
| 10Y Return (Ann) | 2.23% | 1.68% |
| Sharpe Ratio | 1.46 | 1.12 |
| Sortino Ratio | 2.11 | 1.67 |
| Omega Ratio | 1.26 | 1.20 |
| Calmar Ratio | 0.69 | 0.43 |
| Martin Ratio | 5.58 | 3.72 |
| Ulcer Index | 1.51% | 1.75% |
| Daily Std Dev | 5.80% | 5.83% |
| Max Drawdown | -17.25% | -27.42% |
| Current Drawdown | -5.36% | -9.43% |
Correlation
The correlation between FBND and FBNDX is 0.82, 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. FBNDX - Performance Comparison
In the year-to-date period, FBND achieves a 2.31% return, which is significantly higher than FBNDX's 1.93% return. Over the past 10 years, FBND has outperformed FBNDX with an annualized return of 2.23%, while FBNDX has yielded a comparatively lower 1.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBND vs. FBNDX - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FBND vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Fidelity Investment Grade Bond Fund (FBNDX). 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. FBNDX - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.60%, more than FBNDX's 3.91% 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% |
FBNDX Fidelity Investment Grade Bond Fund | 3.91% | 3.56% | 2.67% | 1.53% | 2.18% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
FBND vs. FBNDX - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum FBNDX drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for FBND and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FBND vs. FBNDX - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.53%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.65%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.