FBND vs. FNBGX
Compare and contrast key facts about Fidelity Total Bond ETF (FBND) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX).
FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FNBGX is managed by Fidelity. It was launched on Dec 20, 2005.
Performance
FBND vs. FNBGX - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.34% return, which is significantly higher than FNBGX's 0.32% return.
FBND
- 1D
- 0.22%
- 1M
- -0.71%
- YTD
- 0.34%
- 6M
- 1.01%
- 1Y
- 4.37%
- 3Y*
- 4.30%
- 5Y*
- 1.05%
- 10Y*
- 2.80%
FNBGX
- 1D
- 0.44%
- 1M
- -1.78%
- YTD
- 0.32%
- 6M
- -0.31%
- 1Y
- -1.47%
- 3Y*
- -1.61%
- 5Y*
- -4.92%
- 10Y*
- —
FBND vs. FNBGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.34% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 0.26% |
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 0.32% | 5.30% | -6.18% | 3.20% | -29.89% | -5.17% | 17.58% | 14.24% | -1.62% | 1.86% |
Correlation
The correlation between FBND and FNBGX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
FBND vs. FNBGX - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than FNBGX's 0.03% expense ratio.
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Return for Risk
FBND vs. FNBGX — Risk / Return Rank
FBND
FNBGX
FBND vs. FNBGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX). 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 | FNBGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.02 | +1.06 |
Sortino ratioReturn per unit of downside risk | 1.51 | 0.09 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.01 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.01 | +1.70 |
Martin ratioReturn relative to average drawdown | 5.27 | 0.02 | +5.25 |
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 | FNBGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.02 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.34 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.07 | +0.52 |
Drawdowns
FBND vs. FNBGX - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum FNBGX drawdown of -46.86%. Use the drawdown chart below to compare losses from any high point for FBND and FNBGX.
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Drawdown Indicators
| FBND | FNBGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -46.86% | +29.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -8.75% | +6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -41.54% | +24.29% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -37.05% | +35.46% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -21.34% | +17.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.99% | -3.09% |
Volatility
FBND vs. FNBGX - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.68%, while Fidelity Long-Term Treasury Bond Index Fund (FNBGX) has a volatility of 3.57%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than FNBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | FNBGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 3.57% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 6.04% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 10.41% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 14.59% | -8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.08% | 14.30% | -8.22% |
Dividends
FBND vs. FNBGX - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, more than FNBGX's 3.94% yield.
| 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% |
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.94% | 3.88% | 3.75% | 3.20% | 2.26% | 2.47% | 3.96% | 2.63% | 2.93% | 0.70% | 0.00% | 0.00% |