PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FBNDX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FBNDX and BND is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

FBNDX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

60.00%62.00%64.00%66.00%68.00%70.00%72.00%JulyAugustSeptemberOctoberNovemberDecember
65.15%
65.17%
FBNDX
BND

Key characteristics

Sharpe Ratio

FBNDX:

0.17

BND:

0.31

Sortino Ratio

FBNDX:

0.28

BND:

0.46

Omega Ratio

FBNDX:

1.03

BND:

1.05

Calmar Ratio

FBNDX:

0.07

BND:

0.12

Martin Ratio

FBNDX:

0.48

BND:

0.87

Ulcer Index

FBNDX:

1.98%

BND:

1.91%

Daily Std Dev

FBNDX:

5.62%

BND:

5.43%

Max Drawdown

FBNDX:

-20.16%

BND:

-18.84%

Current Drawdown

FBNDX:

-10.08%

BND:

-9.27%

Returns By Period

The year-to-date returns for both stocks are quite close, with FBNDX having a 1.50% return and BND slightly lower at 1.48%. Over the past 10 years, FBNDX has outperformed BND with an annualized return of 1.60%, while BND has yielded a comparatively lower 1.36% annualized return.


FBNDX

YTD

1.50%

1M

-0.56%

6M

0.90%

1Y

1.64%

5Y*

-0.22%

10Y*

1.60%

BND

YTD

1.48%

1M

-0.24%

6M

1.41%

1Y

1.67%

5Y*

-0.34%

10Y*

1.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBNDX vs. BND - Expense Ratio Comparison

FBNDX has a 0.45% expense ratio, which is higher than BND's 0.03% expense ratio.


FBNDX
Fidelity Investment Grade Bond Fund
Expense ratio chart for FBNDX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

FBNDX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market ETF (BND). 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.


Sharpe ratio
The chart of Sharpe ratio for FBNDX, currently valued at 0.17, compared to the broader market-1.000.001.002.003.004.000.170.18
The chart of Sortino ratio for FBNDX, currently valued at 0.28, compared to the broader market-2.000.002.004.006.008.0010.000.280.29
The chart of Omega ratio for FBNDX, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.003.501.031.03
The chart of Calmar ratio for FBNDX, currently valued at 0.07, compared to the broader market0.002.004.006.008.0010.0012.0014.000.070.07
The chart of Martin ratio for FBNDX, currently valued at 0.48, compared to the broader market0.0020.0040.0060.000.480.53
FBNDX
BND

The current FBNDX Sharpe Ratio is 0.17, which is lower than the BND Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of FBNDX and BND, 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 Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.17
0.18
FBNDX
BND

Dividends

FBNDX vs. BND - Dividend Comparison

FBNDX's dividend yield for the trailing twelve months is around 3.60%, which matches BND's 3.62% yield.


TTM20232022202120202019201820172016201520142013
FBNDX
Fidelity Investment Grade Bond Fund
3.60%3.56%2.67%1.53%1.88%2.77%2.84%2.17%2.50%2.90%2.59%2.36%
BND
Vanguard Total Bond Market ETF
3.33%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

FBNDX vs. BND - Drawdown Comparison

The maximum FBNDX drawdown since its inception was -20.16%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FBNDX and BND. For additional features, visit the drawdowns tool.


-12.00%-11.00%-10.00%-9.00%-8.00%-7.00%-6.00%JulyAugustSeptemberOctoberNovemberDecember
-10.08%
-9.27%
FBNDX
BND

Volatility

FBNDX vs. BND - Volatility Comparison

Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.69% and 1.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.20%1.40%1.60%1.80%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.69%
1.65%
FBNDX
BND
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab