FBNDX vs. FTHRX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Intermediate Bond Fund (FTHRX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. FTHRX is managed by Fidelity. It was launched on May 23, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNDX or FTHRX.
Key characteristics
| FBNDX | FTHRX | |
|---|---|---|
| YTD Return | 2.66% | 3.61% |
| 1Y Return | 8.37% | 7.19% |
| 3Y Return (Ann) | -2.06% | -0.28% |
| 5Y Return (Ann) | 0.17% | 0.71% |
| 10Y Return (Ann) | 1.72% | 1.63% |
| Sharpe Ratio | 1.51 | 1.97 |
| Sortino Ratio | 2.27 | 3.13 |
| Omega Ratio | 1.27 | 1.39 |
| Calmar Ratio | 0.56 | 0.79 |
| Martin Ratio | 5.39 | 8.18 |
| Ulcer Index | 1.67% | 0.93% |
| Daily Std Dev | 5.98% | 3.87% |
| Max Drawdown | -20.16% | -13.96% |
| Current Drawdown | -9.06% | -3.32% |
Correlation
The correlation between FBNDX and FTHRX is 0.90, 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. FTHRX - Performance Comparison
In the year-to-date period, FBNDX achieves a 2.66% return, which is significantly lower than FTHRX's 3.61% return. Over the past 10 years, FBNDX has outperformed FTHRX with an annualized return of 1.72%, while FTHRX has yielded a comparatively lower 1.63% 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. FTHRX - Expense Ratio Comparison
Both FBNDX and FTHRX have an expense ratio of 0.45%.
Risk-Adjusted Performance
FBNDX vs. FTHRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Intermediate Bond Fund (FTHRX). 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. FTHRX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.90%, more than FTHRX's 3.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
FTHRX Fidelity Intermediate Bond Fund | 3.50% | 2.94% | 2.04% | 1.60% | 2.19% | 2.50% | 2.47% | 2.20% | 2.21% | 2.58% | 2.35% | 2.21% |
Drawdowns
FBNDX vs. FTHRX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -20.16%, which is greater than FTHRX's maximum drawdown of -13.96%. Use the drawdown chart below to compare losses from any high point for FBNDX and FTHRX. For additional features, visit the drawdowns tool.
Volatility
FBNDX vs. FTHRX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.73% compared to Fidelity Intermediate Bond Fund (FTHRX) at 1.01%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.