FBNDX vs. FTBFX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond Fund (FTBFX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Performance
FBNDX vs. FTBFX - Performance Comparison
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FBNDX vs. FTBFX - 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% |
FTBFX Fidelity Total Bond Fund | -0.49% | 7.50% | 2.50% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Returns By Period
The year-to-date returns for both investments are quite close, with FBNDX having a -0.50% return and FTBFX slightly higher at -0.49%. Over the past 10 years, FBNDX has underperformed FTBFX with an annualized return of 2.21%, while FTBFX has yielded a comparatively higher 2.58% 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%
FTBFX
- 1D
- 0.42%
- 1M
- -2.35%
- YTD
- -0.49%
- 6M
- 0.46%
- 1Y
- 4.07%
- 3Y*
- 4.43%
- 5Y*
- 0.85%
- 10Y*
- 2.58%
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FBNDX vs. FTBFX - Expense Ratio Comparison
Both FBNDX and FTBFX have an expense ratio of 0.45%.
Return for Risk
FBNDX vs. FTBFX — Risk / Return Rank
FBNDX
FTBFX
FBNDX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.10 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.57 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.86 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.05 | 5.73 | -0.68 |
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 | FTBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.10 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.15 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.55 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.93 | -0.40 |
Correlation
The correlation between FBNDX and FTBFX is 0.94, 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. FTBFX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than FTBFX's 4.02% 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% |
FTBFX Fidelity Total Bond Fund | 4.02% | 4.36% | 4.51% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Drawdowns
FBNDX vs. FTBFX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FBNDX and FTBFX.
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Drawdown Indicators
| FBNDX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -18.25% | -24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.81% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -18.25% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -18.25% | -0.49% |
Current DrawdownCurrent decline from peak | -2.44% | -2.35% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -2.31% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.91% | +0.08% |
Volatility
FBNDX vs. FTBFX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.63% compared to Fidelity Total Bond Fund (FTBFX) at 1.48%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBNDX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.48% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.46% | +0.28% |
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% | 5.62% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.70% | +0.30% |