FBND vs. INCO
FBND (Fidelity Total Bond ETF) and INCO (Columbia India Consumer ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while INCO is a India Equities fund tracking the Indxx India Consumer Index. FBND is actively managed, while INCO is passively managed. Over the past 10 years, FBND returned 2.31%/yr vs 8.08%/yr for INCO. At a 0.10 correlation, their price movements are largely independent. FBND charges 0.36%/yr vs 0.75%/yr for INCO.
Performance
FBND vs. INCO - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.12% return, which is significantly higher than INCO's -8.71% return. Over the past 10 years, FBND has underperformed INCO with an annualized return of 2.31%, while INCO has yielded a comparatively higher 8.08% annualized 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%
INCO
- 1D
- 0.55%
- 1M
- -1.11%
- 6M
- -4.14%
- YTD
- -8.71%
- 1Y
- -7.94%
- 3Y*
- 6.40%
- 5Y*
- 6.72%
- 10Y*
- 8.08%
- ALL TIME*
- 9.20%
FBND vs. INCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
INCO Columbia India Consumer ETF | -8.71% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 14.55% | -4.22% | -10.81% | 53.28% |
Correlation
The correlation between FBND and INCO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.10 |
Over the past year, FBND and INCO have become more correlated (0.31) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
FBND vs. INCO — Risk / Return Rank
FBND
INCO
FBND vs. INCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Columbia India Consumer ETF (INCO). 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 | INCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.37 | +1.74 |
| Martin ratioReturn relative to average drawdown | 3.70 | -0.84 | +4.54 |
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Drawdowns
FBND vs. INCO - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for FBND and INCO.
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Drawdown Indicators
| FBND | INCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -47.69% | +30.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -21.37% | +18.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -29.98% | +24.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -29.98% | +12.73% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -47.69% | +30.44% |
Current DrawdownCurrent decline from peak | -1.80% | -22.25% | +20.45% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -10.67% | +7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 9.47% | -8.49% |
Volatility
FBND vs. INCO - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.03%, while Columbia India Consumer ETF (INCO) has a volatility of 3.35%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | INCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 3.35% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 14.42% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 17.08% | -13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 16.98% | -11.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 20.29% | -14.19% |
FBND vs. INCO - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is lower than INCO's 0.75% expense ratio.
Dividends
FBND vs. INCO - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, while INCO has not paid dividends to shareholders.
| 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% |
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% |
Frequently Asked Questions
FBND and INCO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INCO has higher volatility (3.35%) compared to FBND (1.03%). In terms of maximum drawdown, FBND dropped -17.25% vs INCO's -47.69%.
On 10-year performance, INCO leads with 8.08% vs 2.31% 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 10-year period, INCO has performed better with a 8.08% return vs 2.31%. 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 0.75% for INCO.
FBND has the higher dividend yield at 4.72%, compared with 0.00% for INCO.
FBND is categorized as Intermediate Core-Plus Bond, while INCO is India Equities. They also come from different issuers: Fidelity and Ameriprise Financial. Their fees differ too: 0.36% for FBND and 0.75% for INCO.
FBND currently has the higher Sharpe Ratio (0.96 vs -0.47), 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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