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FBND vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FBND and VTEB is 0.00, 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.


-0.50.00.51.0
Correlation: 0.0

Performance

FBND vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total Bond ETF (FBND) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

18.00%20.00%22.00%24.00%26.00%28.00%NovemberDecember2025FebruaryMarchApril
25.51%
20.14%
FBND
VTEB

Key characteristics

Sharpe Ratio

FBND:

1.23

VTEB:

0.09

Sortino Ratio

FBND:

1.79

VTEB:

0.14

Omega Ratio

FBND:

1.21

VTEB:

1.02

Calmar Ratio

FBND:

0.64

VTEB:

0.09

Martin Ratio

FBND:

3.54

VTEB:

0.30

Ulcer Index

FBND:

1.87%

VTEB:

1.38%

Daily Std Dev

FBND:

5.40%

VTEB:

4.71%

Max Drawdown

FBND:

-17.25%

VTEB:

-17.00%

Current Drawdown

FBND:

-4.14%

VTEB:

-3.80%

Returns By Period

In the year-to-date period, FBND achieves a 1.47% return, which is significantly higher than VTEB's -2.24% return.


FBND

YTD

1.47%

1M

-0.72%

6M

0.77%

1Y

6.22%

5Y*

0.43%

10Y*

2.06%

VTEB

YTD

-2.24%

1M

-1.89%

6M

-1.57%

1Y

0.43%

5Y*

0.84%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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FBND vs. VTEB - Expense Ratio Comparison

FBND has a 0.36% expense ratio, which is higher than VTEB's 0.05% expense ratio.


Expense ratio chart for FBND: current value is 0.36%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FBND: 0.36%
Expense ratio chart for VTEB: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VTEB: 0.05%

Risk-Adjusted Performance

FBND vs. VTEB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBND
The Risk-Adjusted Performance Rank of FBND is 8383
Overall Rank
The Sharpe Ratio Rank of FBND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of FBND is 8787
Sortino Ratio Rank
The Omega Ratio Rank of FBND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of FBND is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FBND is 7979
Martin Ratio Rank

VTEB
The Risk-Adjusted Performance Rank of VTEB is 3535
Overall Rank
The Sharpe Ratio Rank of VTEB is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 3131
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 3131
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 3838
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FBND vs. VTEB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.


The chart of Sharpe ratio for FBND, currently valued at 1.23, compared to the broader market-1.000.001.002.003.004.00
FBND: 1.23
VTEB: 0.09
The chart of Sortino ratio for FBND, currently valued at 1.79, compared to the broader market-2.000.002.004.006.008.00
FBND: 1.79
VTEB: 0.14
The chart of Omega ratio for FBND, currently valued at 1.21, compared to the broader market0.501.001.502.002.50
FBND: 1.21
VTEB: 1.02
The chart of Calmar ratio for FBND, currently valued at 0.64, compared to the broader market0.002.004.006.008.0010.0012.00
FBND: 0.64
VTEB: 0.09
The chart of Martin ratio for FBND, currently valued at 3.54, compared to the broader market0.0020.0040.0060.00
FBND: 3.54
VTEB: 0.30

The current FBND Sharpe Ratio is 1.23, which is higher than the VTEB Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of FBND and VTEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
1.23
0.09
FBND
VTEB

Dividends

FBND vs. VTEB - Dividend Comparison

FBND's dividend yield for the trailing twelve months is around 4.66%, more than VTEB's 3.28% yield.


TTM20242023202220212020201920182017201620152014
FBND
Fidelity Total Bond ETF
4.66%4.73%4.26%3.07%1.86%4.25%2.90%2.93%2.56%2.84%3.26%0.66%
VTEB
Vanguard Tax-Exempt Bond ETF
3.28%3.14%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%0.00%

Drawdowns

FBND vs. VTEB - Drawdown Comparison

The maximum FBND drawdown since its inception was -17.25%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FBND and VTEB. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.14%
-3.80%
FBND
VTEB

Volatility

FBND vs. VTEB - Volatility Comparison

The current volatility for Fidelity Total Bond ETF (FBND) is 2.23%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 3.05%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.23%
3.05%
FBND
VTEB