FBND vs. SLQD
FBND (Fidelity Total Bond ETF) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. FBND is actively managed, while SLQD is passively managed. Over the past 10 years, FBND returned 2.54%/yr vs 2.71%/yr for SLQD. A 0.67 correlation means they provide meaningful diversification when combined. FBND charges 0.36%/yr vs 0.06%/yr for SLQD.
Performance
FBND vs. SLQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBND achieves a 0.70% return, which is significantly lower than SLQD's 1.01% return. Over the past 10 years, FBND has underperformed SLQD with an annualized return of 2.54%, while SLQD has yielded a comparatively higher 2.71% annualized return.
FBND
- 1D
- -0.13%
- 1M
- 0.43%
- YTD
- 0.70%
- 6M
- 1.04%
- 1Y
- 4.85%
- 3Y*
- 4.89%
- 5Y*
- 0.76%
- 10Y*
- 2.54%
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
FBND vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.70% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
Correlation
The correlation between FBND and SLQD is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.67 |
The correlation between FBND and SLQD shifts across timeframes, from 0.67 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FBND vs. SLQD — Risk / Return Rank
FBND
SLQD
FBND vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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 | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.61 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 4.15 | -2.32 |
| Martin ratioReturn relative to average drawdown | 5.32 | 18.78 | -13.45 |
Loading charts...
Drawdowns
FBND vs. SLQD - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for FBND and SLQD.
Loading charts...
Drawdown Indicators
| FBND | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -12.69% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -1.06% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -1.06% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -7.63% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -12.69% | -4.56% |
Current DrawdownCurrent decline from peak | -1.23% | -0.02% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -0.87% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.23% | +0.68% |
Volatility
FBND vs. SLQD - Volatility Comparison
Fidelity Total Bond ETF (FBND) has a higher volatility of 1.35% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.53%. This indicates that FBND's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBND | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.53% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.13% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 1.49% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 2.44% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 3.14% | +2.96% |
FBND vs. SLQD - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than SLQD's 0.06% expense ratio.
Dividends
FBND vs. SLQD - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.69%, more than SLQD's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.69% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
FBND and SLQD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBND has higher volatility (1.35%) compared to SLQD (0.53%). In terms of maximum drawdown, FBND dropped -17.25% vs SLQD's -12.69%.
On 10-year performance, SLQD leads with 2.71% vs 2.54% for FBND. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLQD has performed better with a 2.71% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.69%, compared with 4.31% for SLQD.
FBND is categorized as Intermediate Core-Plus Bond, while SLQD is Corporate Bonds. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.36% for FBND and 0.06% for SLQD.
SLQD currently has the higher Sharpe Ratio (2.96 vs 1.27), 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.
Find the right allocation for FBND and SLQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer