FBND vs. FFLC
FBND (Fidelity Total Bond ETF) and FFLC (Fidelity Fundamental Large Cap Core ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while FFLC is a Large Cap Blend Equities fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FBND returned 0.45%/yr vs 16.87%/yr for FFLC. At a 0.15 correlation, their price movements are largely independent. FBND charges 0.36%/yr vs 0.38%/yr for FFLC.
Performance
FBND vs. FFLC - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.12% return, which is significantly lower than FFLC's 10.97% return.
FBND
- 1D
- -0.15%
- 1M
- -0.75%
- 6M
- 0.31%
- YTD
- 0.12%
- 1Y
- 3.63%
- 3Y*
- 4.40%
- 5Y*
- 0.45%
- 10Y*
- 2.31%
- ALL TIME*
- 2.52%
FFLC
- 1D
- 1.03%
- 1M
- -0.76%
- 6M
- 10.76%
- YTD
- 10.97%
- 1Y
- 20.01%
- 3Y*
- 21.11%
- 5Y*
- 16.87%
- 10Y*
- —
- ALL TIME*
- 20.32%
FBND vs. FFLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 4.28% |
FFLC Fidelity Fundamental Large Cap Core ETF | 10.97% | 17.67% | 27.89% | 25.07% | -0.04% | 24.53% | 19.50% |
Correlation
The correlation between FBND and FFLC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.15 |
The correlation between FBND and FFLC shifts across timeframes, from 0.15 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBND vs. FFLC — Risk / Return Rank
FBND
FFLC
FBND vs. FFLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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 | FFLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.01 | -0.64 |
| Martin ratioReturn relative to average drawdown | 3.70 | 8.84 | -5.14 |
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Drawdowns
FBND vs. FFLC - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum FFLC drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FBND and FFLC.
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Drawdown Indicators
| FBND | FFLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -19.72% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -9.98% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -19.72% | +14.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -19.72% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -1.80% | -0.89% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -2.95% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.27% | -1.29% |
Volatility
FBND vs. FFLC - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.03%, while Fidelity Fundamental Large Cap Core ETF (FFLC) has a volatility of 3.77%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than FFLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | FFLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 3.77% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 10.92% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 13.69% | -9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 16.91% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 17.62% | -11.52% |
FBND vs. FFLC - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is lower than FFLC's 0.38% expense ratio.
Dividends
FBND vs. FFLC - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, more than FFLC's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFLC Fidelity Fundamental Large Cap Core ETF | 0.99% | 1.10% | 0.82% | 0.57% | 1.67% | 1.68% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBND and FFLC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFLC has higher volatility (3.77%) compared to FBND (1.03%). In terms of maximum drawdown, FBND dropped -17.25% vs FFLC's -19.72%.
On 5-year performance, FFLC leads with 16.87% vs 0.45% for FBND. On fees, FBND is cheaper at 0.36% per year. On volatility, FBND has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FFLC has performed better with a 16.87% return vs 0.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND is cheaper with a 0.36% expense ratio, compared with 0.38% for FFLC.
FBND has the higher dividend yield at 4.72%, compared with 0.99% for FFLC.
FBND is categorized as Intermediate Core-Plus Bond, while FFLC is Large Cap Blend Equities. Their fees differ too: 0.36% for FBND and 0.38% for FFLC.
FFLC currently has the higher Sharpe Ratio (1.47 vs 0.96), 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.
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