FBNDX vs. BNDX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total International Bond ETF (BNDX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013.
Performance
FBNDX vs. BNDX - Performance Comparison
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FBNDX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | -0.36% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
BNDX Vanguard Total International Bond ETF | 0.02% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Returns By Period
In the year-to-date period, FBNDX achieves a -0.36% return, which is significantly lower than BNDX's 0.02% return. Over the past 10 years, FBNDX has outperformed BNDX with an annualized return of 2.22%, while BNDX has yielded a comparatively lower 1.75% annualized return.
FBNDX
- 1D
- 0.14%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.36%
- 1Y
- 3.63%
- 3Y*
- 3.61%
- 5Y*
- 0.18%
- 10Y*
- 2.22%
BNDX
- 1D
- 0.15%
- 1M
- -1.65%
- YTD
- 0.02%
- 6M
- 0.27%
- 1Y
- 2.71%
- 3Y*
- 3.88%
- 5Y*
- 0.20%
- 10Y*
- 1.75%
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FBNDX vs. BNDX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Return for Risk
FBNDX vs. BNDX — Risk / Return Rank
FBNDX
BNDX
FBNDX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total International Bond ETF (BNDX). 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 | BNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.85 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.19 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.01 | +0.57 |
Martin ratioReturn relative to average drawdown | 4.56 | 4.10 | +0.46 |
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 | BNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.85 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.04 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.43 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.61 | -0.08 |
Correlation
The correlation between FBNDX and BNDX is 0.68, 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.
Dividends
FBNDX vs. BNDX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than BNDX's 4.46% 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% |
BNDX Vanguard Total International Bond ETF | 4.46% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
Drawdowns
FBNDX vs. BNDX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for FBNDX and BNDX.
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Drawdown Indicators
| FBNDX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -16.23% | -26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.93% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -15.86% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -16.23% | -2.51% |
Current DrawdownCurrent decline from peak | -2.31% | -1.99% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -3.10% | -7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.72% | +0.28% |
Volatility
FBNDX vs. BNDX - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond Fund (FBNDX) is 1.62%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.74%. This indicates that FBNDX experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBNDX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.74% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.29% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 3.21% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 4.81% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.05% | +0.95% |