FBND vs. VTEB
Compare and contrast key facts about Fidelity Total Bond ETF (FBND) and Vanguard Tax-Exempt Bond ETF (VTEB).
FBND and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBND or VTEB.
Key characteristics
| FBND | VTEB | |
|---|---|---|
| YTD Return | 2.31% | 1.58% |
| 1Y Return | 7.75% | 6.31% |
| 3Y Return (Ann) | -1.31% | -0.09% |
| 5Y Return (Ann) | 0.97% | 1.23% |
| Sharpe Ratio | 1.46 | 1.70 |
| Sortino Ratio | 2.11 | 2.48 |
| Omega Ratio | 1.26 | 1.33 |
| Calmar Ratio | 0.69 | 0.93 |
| Martin Ratio | 5.58 | 7.24 |
| Ulcer Index | 1.51% | 0.91% |
| Daily Std Dev | 5.80% | 3.90% |
| Max Drawdown | -17.25% | -17.00% |
| Current Drawdown | -5.36% | -1.22% |
Correlation
The correlation between FBND and VTEB is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBND vs. VTEB - Performance Comparison
In the year-to-date period, FBND achieves a 2.31% return, which is significantly higher than VTEB's 1.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBND vs. VTEB - Expense Ratio Comparison
FBND has a 0.36% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FBND vs. VTEB - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.60%, more than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.60% | 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 | 3.09% | 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.
Volatility
FBND vs. VTEB - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.53%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.97%. 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.