PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FBNDX vs. FUMBX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FBNDX vs. FUMBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond Fund (FBNDX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.97%
2.92%
FBNDX
FUMBX

Returns By Period

In the year-to-date period, FBNDX achieves a 2.07% return, which is significantly lower than FUMBX's 2.86% return.


FBNDX

YTD

2.07%

1M

-0.79%

6M

2.97%

1Y

6.67%

5Y (annualized)

-0.09%

10Y (annualized)

1.65%

FUMBX

YTD

2.86%

1M

-0.40%

6M

2.92%

1Y

4.95%

5Y (annualized)

0.77%

10Y (annualized)

N/A

Key characteristics


FBNDXFUMBX
Sharpe Ratio1.121.79
Sortino Ratio1.682.75
Omega Ratio1.201.37
Calmar Ratio0.440.97
Martin Ratio3.636.67
Ulcer Index1.80%0.73%
Daily Std Dev5.81%2.70%
Max Drawdown-20.16%-9.07%
Current Drawdown-9.57%-1.48%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBNDX vs. FUMBX - Expense Ratio Comparison

FBNDX has a 0.45% expense ratio, which is higher than FUMBX's 0.03% expense ratio.


FBNDX
Fidelity Investment Grade Bond Fund
Expense ratio chart for FBNDX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for FUMBX: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.8

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FBNDX, currently valued at 1.12, compared to the broader market-1.000.001.002.003.004.005.001.121.79
The chart of Sortino ratio for FBNDX, currently valued at 1.68, compared to the broader market0.005.0010.001.682.75
The chart of Omega ratio for FBNDX, currently valued at 1.20, compared to the broader market1.002.003.004.001.201.37
The chart of Calmar ratio for FBNDX, currently valued at 0.44, compared to the broader market0.005.0010.0015.0020.0025.000.440.97
The chart of Martin ratio for FBNDX, currently valued at 3.63, compared to the broader market0.0020.0040.0060.0080.00100.003.636.67
FBNDX
FUMBX

The current FBNDX Sharpe Ratio is 1.12, which is lower than the FUMBX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of FBNDX and FUMBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.12
1.79
FBNDX
FUMBX

Dividends

FBNDX vs. FUMBX - Dividend Comparison

FBNDX's dividend yield for the trailing twelve months is around 3.91%, more than FUMBX's 2.03% yield.


TTM20232022202120202019201820172016201520142013
FBNDX
Fidelity Investment Grade Bond Fund
3.91%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
2.03%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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-9.57%
-1.48%
FBNDX
FUMBX

Volatility

FBNDX vs. FUMBX - Volatility Comparison

Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.53% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.55%. 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.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.53%
0.55%
FBNDX
FUMBX