FBNDX vs. FUMBX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNDX or FUMBX.
Key characteristics
| FBNDX | FUMBX | |
|---|---|---|
| YTD Return | 2.66% | 2.86% |
| 1Y Return | 9.01% | 5.59% |
| 3Y Return (Ann) | -1.87% | 0.33% |
| 5Y Return (Ann) | 0.12% | 0.79% |
| Sharpe Ratio | 1.43 | 1.90 |
| Sortino Ratio | 2.13 | 2.93 |
| Omega Ratio | 1.26 | 1.40 |
| Calmar Ratio | 0.54 | 0.94 |
| Martin Ratio | 4.95 | 7.56 |
| Ulcer Index | 1.69% | 0.68% |
| Daily Std Dev | 5.95% | 2.75% |
| Max Drawdown | -20.16% | -9.07% |
| Current Drawdown | -9.06% | -1.48% |
Correlation
The correlation between FBNDX and FUMBX is 0.79, 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. FUMBX - Performance Comparison
In the year-to-date period, FBNDX achieves a 2.66% return, which is significantly lower than FUMBX's 2.86% 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. FUMBX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Risk-Adjusted Performance
FBNDX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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. FUMBX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.90%, more than FUMBX's 2.04% 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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.04% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBNDX vs. FUMBX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -20.16%, which is greater than FUMBX's maximum drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for FBNDX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
FBNDX vs. FUMBX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.77% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.63%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.