FBNDX vs. FTKFX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond K6 Fund (FTKFX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. FTKFX is managed by Fidelity. It was launched on May 25, 2017.
Performance
FBNDX vs. FTKFX - Performance Comparison
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FBNDX vs. FTKFX - 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% | 1.22% |
FTKFX Fidelity Total Bond K6 Fund | -0.43% | 7.53% | 2.36% | 6.65% | -13.23% | -0.46% | 8.75% | 10.03% | -0.75% | 1.14% |
Returns By Period
In the year-to-date period, FBNDX achieves a -0.50% return, which is significantly lower than FTKFX's -0.43% 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%
FTKFX
- 1D
- 0.46%
- 1M
- -2.32%
- YTD
- -0.43%
- 6M
- 0.55%
- 1Y
- 4.20%
- 3Y*
- 4.19%
- 5Y*
- 0.83%
- 10Y*
- —
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FBNDX vs. FTKFX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than FTKFX's 0.30% expense ratio.
Return for Risk
FBNDX vs. FTKFX — Risk / Return Rank
FBNDX
FTKFX
FBNDX vs. FTKFX - 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 K6 Fund (FTKFX). 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 | FTKFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.11 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.58 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.85 | -0.12 |
Martin ratioReturn relative to average drawdown | 5.05 | 5.66 | -0.62 |
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 | FTKFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.11 | -0.15 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.45 | +0.08 |
Correlation
The correlation between FBNDX and FTKFX is 0.96, 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. FTKFX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than FTKFX's 4.25% 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% |
FTKFX Fidelity Total Bond K6 Fund | 4.25% | 4.61% | 4.76% | 3.86% | 2.53% | 2.24% | 5.51% | 3.26% | 2.94% | 1.63% | 0.00% | 0.00% |
Drawdowns
FBNDX vs. FTKFX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than FTKFX's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for FBNDX and FTKFX.
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Drawdown Indicators
| FBNDX | FTKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -17.81% | -24.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.81% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -17.81% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | — | — |
Current DrawdownCurrent decline from peak | -2.44% | -2.32% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -4.24% | -6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.92% | +0.07% |
Volatility
FBNDX vs. FTKFX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Total Bond K6 Fund (FTKFX) have volatilities of 1.63% and 1.64%, 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 | FTKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.64% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.62% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 4.42% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 5.63% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.93% | +0.07% |