FBNDX vs. FBND
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond ETF (FBND).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNDX or FBND.
Key characteristics
| FBNDX | FBND | |
|---|---|---|
| YTD Return | 1.94% | 2.31% |
| 1Y Return | 7.00% | 7.65% |
| 3Y Return (Ann) | -2.10% | -1.39% |
| 5Y Return (Ann) | -0.07% | 0.97% |
| 10Y Return (Ann) | 1.63% | 2.23% |
| Sharpe Ratio | 1.17 | 1.52 |
| Sortino Ratio | 1.74 | 2.24 |
| Omega Ratio | 1.21 | 1.27 |
| Calmar Ratio | 0.44 | 0.72 |
| Martin Ratio | 3.97 | 6.14 |
| Ulcer Index | 1.72% | 1.48% |
| Daily Std Dev | 5.97% | 6.00% |
| Max Drawdown | -20.16% | -17.25% |
| Current Drawdown | -9.69% | -5.36% |
Correlation
The correlation between FBNDX and FBND is 0.82, 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.
Performance
FBNDX vs. FBND - Performance Comparison
In the year-to-date period, FBNDX achieves a 1.94% return, which is significantly lower than FBND's 2.31% return. Over the past 10 years, FBNDX has underperformed FBND with an annualized return of 1.63%, while FBND has yielded a comparatively higher 2.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBNDX vs. FBND - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FBNDX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond ETF (FBND). 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
FBNDX vs. FBND - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.92%, less than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.92% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
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% | 0.00% |
Drawdowns
FBNDX vs. FBND - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -20.16%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FBNDX and FBND. For additional features, visit the drawdowns tool.
Volatility
FBNDX vs. FBND - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.73% compared to Fidelity Total Bond ETF (FBND) at 1.58%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.