FBND vs. FREL
Compare and contrast key facts about Fidelity Total Bond ETF (FBND) and Fidelity MSCI Real Estate Index ETF (FREL).
FBND and FREL 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. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Performance
FBND vs. FREL - Performance Comparison
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FBND vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.14% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
FREL Fidelity MSCI Real Estate Index ETF | 0.98% | 3.09% | 5.05% | 11.74% | -26.21% | 40.46% | -4.99% | 28.78% | -4.52% | 8.86% |
Returns By Period
In the year-to-date period, FBND achieves a 0.14% return, which is significantly lower than FREL's 0.98% return. Over the past 10 years, FBND has underperformed FREL with an annualized return of 2.79%, while FREL has yielded a comparatively higher 5.16% annualized return.
FBND
- 1D
- 0.31%
- 1M
- -1.78%
- YTD
- 0.14%
- 6M
- 1.01%
- 1Y
- 4.73%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.79%
FREL
- 1D
- 1.43%
- 1M
- -6.56%
- YTD
- 0.98%
- 6M
- -1.57%
- 1Y
- 1.45%
- 3Y*
- 6.30%
- 5Y*
- 2.68%
- 10Y*
- 5.16%
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FBND vs. FREL - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than FREL's 0.08% expense ratio.
Return for Risk
FBND vs. FREL — Risk / Return Rank
FBND
FREL
FBND vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Fidelity MSCI Real Estate Index ETF (FREL). 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 | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.09 | +0.98 |
Sortino ratioReturn per unit of downside risk | 1.50 | 0.24 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.03 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.20 | +1.63 |
Martin ratioReturn relative to average drawdown | 5.71 | 0.77 | +4.94 |
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 | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.09 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.14 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.25 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.23 | +0.21 |
Correlation
The correlation between FBND and FREL is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FBND vs. FREL - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.73%, more than FREL's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FREL Fidelity MSCI Real Estate Index ETF | 3.56% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
FBND vs. FREL - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FBND and FREL.
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Drawdown Indicators
| FBND | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -42.61% | +25.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -12.42% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -34.40% | +17.15% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -42.61% | +25.36% |
Current DrawdownCurrent decline from peak | -1.78% | -9.83% | +8.05% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -10.05% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 3.19% | -2.30% |
Volatility
FBND vs. FREL - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.66%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 4.55%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 4.55% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 9.29% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 16.41% | -11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 18.85% | -12.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 20.67% | -14.58% |