FBNDX vs. STWTX
FBNDX (Fidelity Investment Grade Bond Fund) and STWTX (Hartford Schroders Tax-Aware Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, FBNDX returned 2.11%/yr vs 1.73%/yr for STWTX. A 0.62 correlation means they provide meaningful diversification when combined. FBNDX charges 0.45%/yr vs 0.49%/yr for STWTX.
Performance
FBNDX vs. STWTX - Performance Comparison
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Returns By Period
In the year-to-date period, FBNDX achieves a 0.62% return, which is significantly lower than STWTX's 1.28% return. Over the past 10 years, FBNDX has outperformed STWTX with an annualized return of 2.11%, while STWTX has yielded a comparatively lower 1.73% annualized return.
FBNDX
- 1D
- 0.42%
- 1M
- 0.89%
- YTD
- 0.62%
- 6M
- 0.80%
- 1Y
- 4.25%
- 3Y*
- 4.18%
- 5Y*
- 0.13%
- 10Y*
- 2.11%
STWTX
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 1.28%
- 6M
- 1.33%
- 1Y
- 6.59%
- 3Y*
- 2.41%
- 5Y*
- 0.34%
- 10Y*
- 1.73%
FBNDX vs. STWTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 0.62% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
STWTX Hartford Schroders Tax-Aware Bond Fund | 1.28% | 1.67% | 1.33% | 6.86% | -8.46% | 0.01% | 6.01% | 7.59% | 0.34% | 4.13% |
Correlation
The correlation between FBNDX and STWTX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | 0.62 |
The correlation between FBNDX and STWTX has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
FBNDX vs. STWTX — Risk / Return Rank
FBNDX
STWTX
FBNDX vs. STWTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Hartford Schroders Tax-Aware Bond Fund (STWTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBNDX | STWTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.98 | -0.57 |
| Martin ratioReturn relative to average drawdown | 3.93 | 5.94 | -2.02 |
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Drawdowns
FBNDX vs. STWTX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than STWTX's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for FBNDX and STWTX.
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Drawdown Indicators
| FBNDX | STWTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -14.44% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -3.34% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -8.66% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -14.44% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -14.44% | -4.30% |
Current DrawdownCurrent decline from peak | -1.35% | -0.98% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -2.60% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.11% | -0.03% |
Volatility
FBNDX vs. STWTX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.24% compared to Hartford Schroders Tax-Aware Bond Fund (STWTX) at 0.71%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than STWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBNDX | STWTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.71% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.31% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 3.22% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 4.96% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 3.93% | +1.10% |
FBNDX vs. STWTX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is lower than STWTX's 0.49% expense ratio.
Dividends
FBNDX vs. STWTX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.90%, more than STWTX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
STWTX Hartford Schroders Tax-Aware Bond Fund | 3.41% | 2.90% | 3.20% | 3.01% | 2.20% | 2.61% | 2.90% | 4.34% | 3.47% | 2.03% | 2.85% | 2.91% |
Frequently Asked Questions
FBNDX and STWTX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBNDX has higher volatility (1.24%) compared to STWTX (0.71%). In terms of maximum drawdown, FBNDX dropped -42.76% vs STWTX's -14.44%.
STWTX currently has the higher Sharpe Ratio (2.05 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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