FBNDX vs. BND
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market ETF (BND).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
FBNDX vs. BND - Performance Comparison
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FBNDX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | -0.50% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, FBNDX achieves a -0.50% return, which is significantly lower than BND's 0.05% return. Over the past 10 years, FBNDX has outperformed BND with an annualized return of 2.21%, while BND has yielded a comparatively lower 1.67% annualized return.
FBNDX
- 1D
- 0.56%
- 1M
- -2.30%
- YTD
- -0.50%
- 6M
- 0.36%
- 1Y
- 3.77%
- 3Y*
- 3.56%
- 5Y*
- 0.23%
- 10Y*
- 2.21%
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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FBNDX vs. BND - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
FBNDX vs. BND — Risk / Return Rank
FBNDX
BND
FBNDX vs. BND - Risk-Adjusted Trends 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.
| FBNDX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.99 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.41 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.81 | -0.08 |
Martin ratioReturn relative to average drawdown | 5.05 | 4.98 | +0.07 |
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
| FBNDX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.99 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.30 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.59 | -0.06 |
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.
Dividends
FBNDX vs. BND - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
FBNDX vs. BND - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FBNDX and BND.
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Drawdown Indicators
| FBNDX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -18.58% | -24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.44% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -17.91% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -18.58% | -0.16% |
Current DrawdownCurrent decline from peak | -2.44% | -2.58% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -3.07% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.89% | +0.10% |
Volatility
FBNDX vs. BND - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.63% and 1.63%, 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.
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Volatility by Period
| FBNDX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.63% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.52% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 4.30% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 6.00% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 5.52% | -0.52% |