FBNDX vs. LQD
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNDX or LQD.
Correlation
The correlation between FBNDX and LQD is 0.75, 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. LQD - Performance Comparison
Key characteristics
FBNDX:
0.71
LQD:
0.71
FBNDX:
1.07
LQD:
1.05
FBNDX:
1.13
LQD:
1.12
FBNDX:
0.27
LQD:
0.31
FBNDX:
1.76
LQD:
1.94
FBNDX:
2.18%
LQD:
2.50%
FBNDX:
5.37%
LQD:
6.83%
FBNDX:
-20.16%
LQD:
-24.95%
FBNDX:
-9.19%
LQD:
-9.99%
Returns By Period
In the year-to-date period, FBNDX achieves a 0.56% return, which is significantly lower than LQD's 1.33% return. Over the past 10 years, FBNDX has underperformed LQD with an annualized return of 1.54%, while LQD has yielded a comparatively higher 2.22% annualized return.
FBNDX
0.56%
0.42%
-1.26%
4.27%
-0.54%
1.54%
LQD
1.33%
0.80%
-1.18%
4.77%
-0.64%
2.22%
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FBNDX vs. LQD - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than LQD's 0.15% expense ratio.
Risk-Adjusted Performance
FBNDX vs. LQD — Risk-Adjusted Performance Rank
FBNDX
LQD
FBNDX vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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. LQD - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.63%, less than LQD's 4.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.63% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.40% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% |
Drawdowns
FBNDX vs. LQD - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -20.16%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for FBNDX and LQD. For additional features, visit the drawdowns tool.
Volatility
FBNDX vs. LQD - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond Fund (FBNDX) is 1.39%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.74%. This indicates that FBNDX experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.