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.
Performance
FBNDX vs. LQD - Performance Comparison
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FBNDX vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | -0.36% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.27% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Returns By Period
In the year-to-date period, FBNDX achieves a -0.36% return, which is significantly lower than LQD's -0.27% return. Over the past 10 years, FBNDX has underperformed LQD with an annualized return of 2.22%, while LQD has yielded a comparatively higher 2.63% annualized return.
FBNDX
- 1D
- 0.14%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.36%
- 1Y
- 3.63%
- 3Y*
- 3.61%
- 5Y*
- 0.18%
- 10Y*
- 2.22%
LQD
- 1D
- 0.11%
- 1M
- -1.63%
- YTD
- -0.27%
- 6M
- -0.34%
- 1Y
- 4.61%
- 3Y*
- 4.30%
- 5Y*
- 0.11%
- 10Y*
- 2.63%
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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.
Return for Risk
FBNDX vs. LQD — Risk / Return Rank
FBNDX
LQD
FBNDX vs. LQD - Risk-Adjusted Trends 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.
| FBNDX | LQD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.70 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.99 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.48 | +0.10 |
Martin ratioReturn relative to average drawdown | 4.56 | 4.06 | +0.50 |
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 | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.70 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.01 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.30 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.54 | -0.01 |
Correlation
The correlation between FBNDX and LQD is 0.76, 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. LQD - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than LQD's 4.56% 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.56% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Drawdowns
FBNDX vs. LQD - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for FBNDX and LQD.
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Drawdown Indicators
| FBNDX | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -24.95% | -17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -3.38% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -24.95% | +6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -24.95% | +6.21% |
Current DrawdownCurrent decline from peak | -2.31% | -4.42% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -3.99% | -6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.23% | -0.23% |
Volatility
FBNDX vs. LQD - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond Fund (FBNDX) is 1.62%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.66%. 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.
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Volatility by Period
| FBNDX | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.66% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.76% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 6.60% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 8.65% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 8.67% | -3.67% |