FBND vs. VGIT
FBND (Fidelity Total Bond ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. FBND is actively managed, while VGIT is passively managed. Over the past 10 years, FBND returned 2.47%/yr vs 1.16%/yr for VGIT. A 0.79 correlation means they provide meaningful diversification when combined. FBND charges 0.36%/yr vs 0.03%/yr for VGIT.
Performance
FBND vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.10% return, which is significantly higher than VGIT's -0.78% return. Over the past 10 years, FBND has outperformed VGIT with an annualized return of 2.47%, while VGIT has yielded a comparatively lower 1.16% annualized return.
FBND
- 1D
- -0.07%
- 1M
- -0.69%
- YTD
- 0.10%
- 6M
- 0.40%
- 1Y
- 5.34%
- 3Y*
- 4.60%
- 5Y*
- 0.68%
- 10Y*
- 2.47%
VGIT
- 1D
- -0.05%
- 1M
- -0.87%
- YTD
- -0.78%
- 6M
- -0.42%
- 1Y
- 3.55%
- 3Y*
- 3.40%
- 5Y*
- -0.07%
- 10Y*
- 1.16%
FBND vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.10% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.78% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Correlation
The correlation between FBND and VGIT is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.79 |
The correlation between FBND and VGIT shifts across timeframes, from 0.79 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBND vs. VGIT — Risk / Return Rank
FBND
VGIT
FBND vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.26 | +0.75 |
| Martin ratioReturn relative to average drawdown | 5.97 | 3.66 | +2.31 |
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 | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.08 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.01 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.26 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.49 | -0.05 |
Drawdowns
FBND vs. VGIT - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for FBND and VGIT.
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Drawdown Indicators
| FBND | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -16.05% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.83% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -4.34% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -15.02% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -16.05% | -1.20% |
Current DrawdownCurrent decline from peak | -1.82% | -2.71% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -3.52% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.97% | -0.07% |
Volatility
FBND vs. VGIT - Volatility Comparison
Fidelity Total Bond ETF (FBND) has a higher volatility of 1.23% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.05%. This indicates that FBND's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.05% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.36% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.32% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 5.38% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 4.50% | +1.60% |
FBND vs. VGIT - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than VGIT's 0.03% expense ratio.
Dividends
FBND vs. VGIT - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, more than VGIT's 3.88% yield.
| 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.88% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
With a correlation of 0.95, FBND and VGIT 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.
FBND has higher volatility (1.23%) compared to VGIT (1.05%). In terms of maximum drawdown, FBND dropped -17.25% vs VGIT's -16.05%.
On 10-year performance, FBND leads with 2.47% vs 1.16% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FBND has performed better with a 2.47% return vs 1.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.72%, compared with 3.88% for VGIT.
FBND is categorized as Intermediate Core-Plus Bond, while VGIT is Government Bonds. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.36% for FBND and 0.03% for VGIT.
FBND currently has the higher Sharpe Ratio (1.41 vs 1.08), 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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