FBND vs. IMTB
FBND (Fidelity Total Bond ETF) and IMTB (iShares Core 5-10 Year USD Bond ETF) are both Intermediate Core-Plus Bond funds. FBND is actively managed, while IMTB is passively managed. Over the past 5 years, FBND returned 0.86%/yr vs 0.58%/yr for IMTB. A 0.80 correlation means they provide meaningful diversification when combined. FBND charges 0.36%/yr vs 0.06%/yr for IMTB.
Performance
FBND vs. IMTB - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.61% return, which is significantly higher than IMTB's 0.14% return.
FBND
- 1D
- 0.11%
- 1M
- 0.25%
- YTD
- 0.61%
- 6M
- 0.60%
- 1Y
- 5.08%
- 3Y*
- 4.80%
- 5Y*
- 0.86%
- 10Y*
- 2.57%
IMTB
- 1D
- 0.16%
- 1M
- 0.13%
- YTD
- 0.14%
- 6M
- 0.49%
- 1Y
- 5.66%
- 3Y*
- 4.82%
- 5Y*
- 0.58%
- 10Y*
- —
FBND vs. IMTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.61% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
IMTB iShares Core 5-10 Year USD Bond ETF | 0.14% | 8.88% | 1.94% | 6.10% | -12.75% | -1.41% | 6.25% | 8.62% | -0.45% | 4.88% |
Correlation
The correlation between FBND and IMTB is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2016 | 0.80 |
The correlation between FBND and IMTB shifts across timeframes, from 0.80 (all time) to 0.94 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FBND vs. IMTB — Risk / Return Rank
FBND
IMTB
FBND vs. IMTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and iShares Core 5-10 Year USD Bond ETF (IMTB). 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 | IMTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.99 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.77 | 6.13 | -0.37 |
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 | IMTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.41 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.09 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.36 | +0.08 |
Drawdowns
FBND vs. IMTB - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, roughly equal to the maximum IMTB drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for FBND and IMTB.
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Drawdown Indicators
| FBND | IMTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -18.15% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.86% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -6.80% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -18.11% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | -1.58% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -4.13% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.92% | -0.04% |
Volatility
FBND vs. IMTB - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.26%, while iShares Core 5-10 Year USD Bond ETF (IMTB) has a volatility of 1.46%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than IMTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | IMTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.46% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 3.02% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.05% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.28% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 5.18% | +0.91% |
FBND vs. IMTB - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than IMTB's 0.06% expense ratio.
Dividends
FBND vs. IMTB - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.70%, more than IMTB's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.70% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
IMTB iShares Core 5-10 Year USD Bond ETF | 4.52% | 4.40% | 4.42% | 4.13% | 2.90% | 2.49% | 2.63% | 2.91% | 3.04% | 2.75% | 0.40% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, FBND and IMTB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IMTB has higher volatility (1.46%) compared to FBND (1.26%). In terms of maximum drawdown, FBND dropped -17.25% vs IMTB's -18.15%.
On 5-year performance, FBND leads with 0.86% vs 0.58% for IMTB. On fees, IMTB is cheaper at 0.06% per year. On volatility, FBND has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FBND has performed better with a 0.86% return vs 0.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMTB is cheaper with a 0.06% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.70%, compared with 4.52% for IMTB.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.36% for FBND and 0.06% for IMTB.
IMTB currently has the higher Sharpe Ratio (1.41 vs 1.34), 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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